Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Extended+0.042%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ANTHROP-USD	2,106.7	0.0048	pay 0.0006% / 1h	51m 08s	$19K	$22K	10x
Short	Variational Omni ANTHROPIC	2,107.6	0.0050	get 0.0050% / 8h	1h 51m	$2.4M	$619K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.042%Rate

Funding earned: $0.42
Price spread: +0.042% → 0.000%: $4.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.38
Costs to cover: 0.050%
Break-even: 13.3 days

Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	3.46 bp	doesn't fit	39.3 bp −$393	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	−0.0433%	8h	2,108.2	+0.071%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,120.7	+0.665%	$267K	$25K	5x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.853%	$1.8M	$900K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153	+2.198%	$2.3M	$424K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.5	+2.744%	$4.8M	$846K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,107.1	+0.021%	$1.4M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.1	+2.250%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.034%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.5	+0.228%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.2	+0.074%	$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	+2.678%	$6.3M	$16.0M	5x	as long as short
Extended ANTHROP-USDlong	+0.0048%	1h	2,106.7	long leg	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.3	+0.028%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.3	+0.027%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.2	+0.025%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.192%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPICshort	+0.0050%	8h	2,107.6	+0.042%	$2.4M	$619K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,108.1	+0.065%	$10K	$163K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0057%	8h	2,107.7	+0.049%	$270K	$257K	20x	as long as short
Entropy io:ANTH	+0.0091%	1h	2,152.3	+2.165%	$34.9M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.9	+0.059%	$10K	$63	10x	as long as short