Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h −0.066%

Price spread now: SunX against Coinbase International−0.853%7-day average −0.449% · you buy dearer than you sell

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

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)−1.313%−$131 · spread now −0.853%, 7d avg −0.449%

Together, before fees−1.342%−$134 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.404% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.853% now, against its 7-day average of −0.449%). If the spread goes back, that is −$40 on $10k: about 9.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	get 0.0018% / 1h	49m 10s	$267K	$25K	5x
Short	SunX ANTHROPIC-USDT	2,105.6	0	get 0.0000% / 8h	5h 49m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.853%Rate

Funding earned: $30.24
Price spread: −0.853% → −0.449%: −$40.39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.15
Costs to cover: 0.180%
Break-even: 13.5 days

Slippage unknown: Coinbase International: live order book, 14 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 Coinbase International live order book, 14 min ago	29.50 bp	36.4 bp −$36	60.1 bp −$601	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	496.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ANTHROPIC on 20 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	−0.0387%	8h	2,104.8	−0.889%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXlong	−0.0144%	1h	2,123.7	long leg	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,102	−1.022%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.5	+2.015%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+1.239%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.1	+1.996%	$4.8M	$954K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.3	+1.301%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,100.9	−1.076%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,105.6	−0.853%	—	$2.4M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,103.1	−0.970%	$1.5M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.1	+2.137%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.6	−1.040%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.3	−1.010%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.2	−1.013%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.1	−1.018%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	−0.427%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.1	−0.972%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.5	−0.952%	$10K	$147K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,101.8	−1.031%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0128%	1h	2,161.1	+1.761%	$35.2M	$7.5M	6x	as long as short