Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Gate−2.258%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 2.258% cheaper against Gate than usual: you would sell low and buy high (spread −2.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$226 on $10k: about 2 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANTHROPIC_USDT	2,152.5	0	get 0.0000% / 8h	3h 06m	$2.4M	$1.1M	50x
Short	Aevo ANTHROPIC-PERP	2,103.9	0.0104	get 0.0013% / 1h	6m 48s	$10K	$63	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −2.258%Rate

Funding earned: $21.84
Price spread: −2.258% → 0.000%: −$225.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$234.98
Costs to cover: 0.310%
Break-even: 82.3 days

Slippage unknown: Gate: live order book, 1 min ago; Aevo: no order-book sample. 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 Gate live order book, 1 min ago	6.25 bp	128.1 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0468%	8h	2,105.2	−2.196%	$42K	$67K	20x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,167.3	+0.687%	$1.8M	$957K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.5	−0.092%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+0.543%	$4.8M	$876K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,103.9	−2.258%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDTlong	0.0000%	8h	2,152.5	long leg	$2.4M	$1.1M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,104	−2.253%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.3	−2.054%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.1	−2.250%	$1.6M	$378K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	−1.338%	$267K	$25K	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0028%	8h	2,103.6	−2.275%	$269K	$256K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.1	+0.492%	$6.3M	$16.2M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,104	−2.252%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.6	−2.224%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.6	−2.226%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.7	−2.223%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,111	−1.929%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.2	−2.293%	$2.4M	$675K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.9	−2.261%	$10K	$156K	10x	as long as short
Entropy io:ANTH	+0.0093%	1h	2,150.9	−0.075%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,103.9	−2.258%	$10K	$63	10x