Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Gate−2.210%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 Extended

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

Funding pays, the price is against you. Extended is 2.210% cheaper against Gate than usual: you would sell low and buy high (spread −2.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$221 on $10k: about 5 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANTHROPIC_USDT	2,151.1	0	get 0.0000% / 8h	2h 23m	$2.4M	$1.1M	50x
Short	Extended ANTHROP-USD	2,103.5	0.0048	get 0.0006% / 1h	23m 32s	$19K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −2.210%Rate

Funding earned: $10.08
Price spread: −2.210% → 0.000%: −$221.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$230.96
Costs to cover: 0.200%
Break-even: 167.4 days

Slippage unknown: Gate: live order book, 4 min ago; Extended: 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, 4 min ago	9.36 bp	139.8 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	−0.0463%	8h	2,104.5	−2.167%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,113.5	−1.749%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,103.9	−2.195%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.5	+0.716%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.7	+0.074%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.2	+0.609%	$4.8M	$850K	10x	as long as short
Gate ANTHROPIC_USDTlong	0.0000%	8h	2,151.1	long leg	$2.4M	$1.1M	50x
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.7	−2.205%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.1	−1.999%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,104.1	−2.187%	$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	2,162.5	+0.530%	$6.3M	$16.2M	5x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,103.5	−2.210%	$19K	$22K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,104.1	−2.184%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.1	−2.185%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.2	−2.182%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.1	−1.906%	$499K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.2	−2.225%	$2.4M	$704K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.7	−2.203%	$10K	$159K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,104.1	−2.184%	$270K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,104.4	−2.173%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0115%	1h	2,151.2	+0.005%	$34.9M	$7.7M	6x	as long as short