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: SunX against Bybit−1.803%46s7-day average −2.426% · you buy dearer than you sell

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

Long on Bybit 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 4 days (all we have)−2.118%−$212 · spread now −1.803%, 7d avg −2.426%

Together, before fees−2.118%−$212 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 0.623% dearer against Bybit than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −2.426%. The two prices were read 46 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	Bybit ANTHROPICUSDT	2,150.2	0	get 0.0000% / 8h	4h 11m	$2.4M	$351K	25x
Short	SunX ANTHROPIC-USDT	2,111.4	0	get 0.0000% / 8h	4h 11m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −1.803%Rate

Funding earned: $0
Price spread: −1.803% → −2.426%: $62.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: $43.33
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, just now; SunX: live order book, 5 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, just now	13.84 bp	21.5 bp −$22	240.5 bp −$2,405	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	497.08 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	−0.0430%	8h	2,108.4	−1.945%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	−1.230%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.2	−1.999%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.1	+0.741%	$1.9M	$947K	5x	as long as short
Bybit ANTHROPICUSDTlong	0.0000%	8h	2,150.2	long leg	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+0.681%	$4.8M	$864K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.6	+0.161%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105	−2.098%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,111.4	−1.803%	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,107.6	−1.981%	$1.6M	$374K	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	2,164.2	+0.653%	$6.2M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.8	−2.017%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.5	−1.983%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.4	−1.989%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.5	−1.983%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−1.836%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.3	−1.995%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.9	−2.014%	$10K	$151K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0075%	8h	2,107.6	−1.981%	$269K	$256K	20x	as long as short
Entropy io:ANTH	+0.0083%	1h	2,153	+0.132%	$34.9M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.4	−1.988%	$10K	$63	10x	as long as short