Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Bybit against Extended+2.071%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 2.071% dearer against Extended than usual: you sell high and buy low (spread +2.071% now, against zero (this spread has no 7-day history yet)): +$207 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ANTHROP-USD	2,106.5	0.0048	pay 0.0006% / 1h	37m 48s	$19K	$22K	10x
Short	Bybit ANTHROPICUSDT	2,150.2	0	get 0.0000% / 8h	4h 37m	$2.4M	$351K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +2.071%Rate

Funding earned: −$10.08
Price spread: +2.071% → 0.000%: $207.05
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $180.97
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 4 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	14.79 bp	28.2 bp −$28	135.7 bp −$1,357	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0412%	8h	2,107.7	+0.054%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.815%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.6	+0.004%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.1	+2.828%	$1.9M	$923K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,150.2	+2.071%	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.766%	$4.8M	$866K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.9	+2.249%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.1	−0.116%	$25.9M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.4	+0.231%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.1	+0.076%	$1.6M	$378K	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	2,165.6	+2.804%	$6.2M	$15.8M	5x	as long as short
Extended ANTHROP-USDlong	+0.0048%	1h	2,106.5	long leg	$19K	$22K	10x
BloFin ANTHROPIC-USDT	+0.0050%	8h	2,106.9	+0.018%	$269K	$256K	20x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.1	+0.025%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.1	+0.025%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.3	+0.036%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.197%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.5	−0.001%	$2.4M	$681K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,105.8	−0.034%	$10K	$149K	10x	as long as short
Entropy io:ANTH	+0.0082%	1h	2,154.1	+2.258%	$35.0M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,106.9	+0.019%	$10K	—	10x	as long as short