Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.250%50s7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−1.506%−$151 · spread now +0.250%, 7d avg −0.016%

Together, before fees−1.506%−$151 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: SunX is 0.266% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANTHROPICUSDT	2,115.9	0	get 0.0000% / 8h	4h 22m	$26.1M	$2.7M	20x
Short	SunX ANTHROPIC-USDT	2,121.2	0	get 0.0000% / 8h	4h 22m	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → −0.016%: $26.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $6.55
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Bitget: live order book, 1 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 1 min ago	0.71 bp	13.3 bp −$13	16.4 bp −$164	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	498.02 bp	doesn't fit	doesn't fit	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	−0.0224%	8h	2,119.2	+0.155%	$42K	$70K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0016%	1h	2,129.2	+0.628%	$268K	$27K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,187.5	+3.383%	$1.9M	$678K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,164.6	+2.298%	$2.4M	$308K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,177.4	+2.906%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,164	+2.274%	$2.5M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDTlong	0.0000%	8h	2,115.9	long leg	$26.1M	$2.7M	20x
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,121.2	+0.250%	—	$2.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,117.9	+0.094%	$1.6M	$355K	10x	as long as short
QFEX ANTHROPIC-USD	+0.0009%	1h	2,117.4	+0.069%	$1.4M	$1.4M	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	2,186.7	+3.345%	$6.2M	$16.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,117.2	+0.062%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,117.5	+0.076%	$122K	$5K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,117.3	+0.067%	$32.1M	$7.6M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,117.3	+0.066%	$7.8M	$273K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,129.4	+0.636%	$479K	$14K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,118.9	+0.141%	$2.3M	$518K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,120	+0.195%	$10K	$151K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0060%	8h	2,117.5	+0.076%	$272K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,118.1	+0.103%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0111%	1h	2,177.6	+2.915%	$35.2M	$7.2M	6x	as long as short