Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.052%

Price spread now: Bybit against Coinbase International+1.520%7-day average +1.960% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$1811.806% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +1.520%, 7d avg +1.960%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.440% cheaper against Coinbase International than usual: you would sell low and buy high (spread +1.520% now, against its 7-day average of +1.960%). If the spread goes back, that is −$44 on $10k: about 18 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,120.7	−0.0080	get 0.0010% / 1h	51m 31s	$267K	$25K	5x
Short	Bybit ANTHROPICUSDT	2,152.9	0	get 0.0000% / 8h	1h 51m	$2.3M	$424K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +1.520%Rate

Funding earned: $16.8
Price spread: +1.520% → +1.960%: −$43.98
Slippage, 4 orders: −$159.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$207.79
Costs to cover: 1.806%
Break-even: 93.6 days

Slippage from Coinbase International: live order book, 56 min ago; Bybit: live order book, 5 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 Coinbase International live order book, 56 min ago	27.16 bp	39.4 bp −$39	63.2 bp −$632	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	24.78 bp	61.4 bp −$61	326.4 bp −$3,264	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	−0.0433%	8h	2,108.4	−0.581%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	−0.0080%	1h	2,120.7	long leg	$267K	$25K	5x
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.174%	$1.8M	$900K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,152.9	+1.520%	$2.3M	$424K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.5	+2.065%	$4.8M	$846K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.1	−0.639%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.1	+1.576%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.695%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.2	−0.448%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.4	−0.580%	$1.6M	$381K	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	2,163.1	+1.999%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−0.661%	$19K	$22K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0049%	8h	2,108.3	−0.586%	$270K	$258K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.633%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	−0.634%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.3	−0.633%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−0.470%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.6	−0.619%	$2.4M	$619K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.1	−0.596%	$10K	$163K	10x	as long as short
Entropy io:ANTH	+0.0091%	1h	2,152.3	+1.490%	$34.9M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108	−0.597%	$10K	$63	10x	as long as short