Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bybit−2.077%7-day average −2.243% · you buy dearer than you sell

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

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.239%−$24 · spread now −2.077%, 7d avg −2.243%

Together, before fees−0.239%−$24 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: Phemex is 0.166% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −2.243%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANTHROPICUSDT	2,150.4	0	get 0.0000% / 8h	3h 05m	$2.4M	$351K	25x
Short	Phemex ANTHROPICUSDT	2,105.7	0	get 0.0000% / 8h	3h 05m	$1.6M	$377K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now −2.077%Rate

Funding earned: $0
Price spread: −2.077% → −2.243%: $16.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$6.4
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Phemex: live order book, 2 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 Bybit live order book, 1 min ago	12.04 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	6.39 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	−0.0469%	8h	2,105.4	−2.093%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.3	+0.788%	$1.8M	$957K	5x	as long as short
Bybit ANTHROPICUSDTlong	0.0000%	8h	2,150.4	long leg	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+0.644%	$4.8M	$876K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.7	−2.126%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.1	+0.081%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104	−2.155%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.3	−1.909%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,105.7	−2.077%	$1.6M	$377K	10x
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	−1.239%	$267K	$25K	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0028%	8h	2,103.6	−2.177%	$269K	$256K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.1	+0.592%	$6.3M	$16.2M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,104.3	−2.141%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.9	−2.115%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.8	−2.116%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.6	−2.127%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111	−1.831%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.6	−2.126%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.9	−2.162%	$10K	$156K	10x	as long as short
Entropy io:ANTH	+0.0094%	1h	2,150.9	+0.025%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.5	−2.133%	$10K	$63	10x	as long as short