Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Bitget+0.134%7-day average +0.277% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.580%+$58 · spread now +0.134%, 7d avg +0.277%

Together, before fees+0.577%+$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.144% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.277%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANTHROPICUSDT	2,106.2	0	get 0.0000% / 8h	1h 25m	$25.9M	$3.2M	20x
Short	QFEX ANTHROPIC-USD	2,109	0	get 0.0000% / 1h	25m 23s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee QFEXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.277%: −$14.36
Slippage, 4 orders: −$13.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$50
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.74 bp	13.5 bp −$13	15.6 bp −$156	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	0.88 bp	5.9 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ANTHROPIC-USDT	−0.0430%	8h	2,109.4	+0.152%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.688%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.3	+2.948%	$1.9M	$904K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	+2.309%	$2.3M	$423K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.5	+2.768%	$4.8M	$849K	10x	as long as short
QFEX ANTHROPIC-USDshort	0.0000%	1h	2,109	+0.134%	$1.4M	$1.1M	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.3	+2.282%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDTlong	0.0000%	8h	2,106.2	long leg	$25.9M	$3.2M	20x
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.6	+0.304%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,109.7	+0.165%	$1.6M	$384K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.6	+2.773%	$6.4M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,108.5	+0.110%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,109	+0.135%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,109	+0.134%	$32.2M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,109	+0.134%	$7.8M	$274K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.215%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.6	+0.116%	$2.3M	$648K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	+0.043%	$10K	$165K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0057%	8h	2,108.9	+0.126%	$270K	$260K	20x	as long as short
Entropy io:ANTH	+0.0101%	1h	2,153.4	+2.241%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,109.3	+0.147%	$10K	$63	10x	as long as short