ANTHROPIC

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.369%

7d average—if it closes, per $10,000$37funding while held, a day+$23.66

Long on HTX Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ANTHROPIC-USDT	2,119.4	−0.0269	get 0.0269% / 8h	28m 28s	$52K	$48K	20x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,127.2	0.0520	get 0.0065% / 1h	28m 28s	$268K	$16K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee HTXbpFee Coinbase InternationalbpOrdersClose when spread is

Spread captured: $36.9
Funding while held: $23.66
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $38.55
Spread needed to break even: 0.220%

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 21 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0789%
Per $10,000 a day: +$23.66
Average in range /8h: —

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 HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 21 min ago	18.83 bp	23.8 bp −$24	45.3 bp −$453	doesn't fit	doesn't fit

HTX: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Bitget2,116.7cheapest Aster2,118+0.058%KuCoin2,118.2+0.069%Variational Omni2,118.5+0.083%Extended2,118.7+0.093%MEXC2,119+0.106%Binance2,119+0.109%QFEX2,119.1+0.110%

HTX2,119.4+0.124%

Aevo2,119.8+0.144%BloFin2,119.8+0.145%Phemex2,120.2+0.166%SunX2,122.5+0.273%

Coinbase International2,127.2+0.493%

Bybit2,160.9+2.087%Gate2,164.4+2.250%OKX2,173.1+2.663%Entropy2,177.2+2.857%Lighter2,187.7+3.353%Lighter RH2,189.7+3.447%

ANTHROPIC on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget ANTHROPICUSDT	−0.124%	0.0000%	8h	$26.0M	$2.0M	20x	as long as short
Aster ANTHROPICUSDT	−0.065%	+0.0050%	8h	$124K	$2K	10x	as long as short
KuCoin ANTHROPICUSDTM	−0.055%	+0.0050%	8h	$516K	$8K	20x	as long as short
Variational Omni ANTHROPIC	−0.040%	+0.0050%	8h	$2.4M	$367K	—	as long as short
Extended ANTHROP-USD	−0.030%	+0.0048%	1h	$19K	$61K	10x	as long as short
MEXC ANTHROPIC_USDT	−0.017%	+0.0050%	8h	$8.0M	$202K	50x	as long as short
Binance ANTHROPICUSDT	−0.014%	+0.0050%	8h	$32.0M	$5.8M	20x	as long as short
QFEX ANTHROPIC-USD	−0.014%	−0.0001%	1h	$1.4M	$1.5M	10x	as long as short
HTX ANTHROPIC-USDTlong	0.000%	−0.0269%	8h	$52K	$48K	20x
Aevo ANTHROPIC-PERP	+0.020%	+0.0104%	1h	$10K	—	10x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.021%	+0.0033%	8h	$278K	$245K	20x	as long as short
Phemex ANTHROPICUSDT	+0.042%	0.0000%	8h	$1.6M	$310K	10x	as long as short
SunX ANTHROPIC-USDT	+0.149%	0.0000%	8h	—	$2.6M	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	+0.369%	+0.0520%	1h	$268K	$16K	5x
Bybit ANTHROPICUSDT	+1.961%	0.0000%	8h	$2.3M	$255K	25x	as long as short
Gate ANTHROPIC_USDT	+2.123%	0.0000%	8h	$2.5M	$836K	50x	as long as short
OKX ANTHROPIC-USDT-SWAP	+2.536%	0.0000%	8h	$4.8M	$919K	10x	as long as short
Entropy io:ANTH	+2.730%	+0.0175%	1h	$34.9M	$6.1M	6x	as long as short
Lighter ANTHROPIC	+3.225%	+0.0016%	1h	$1.9M	$538K	5x	as long as short
Lighter RH ANTHROPIC	+3.319%	+0.0032%	1h	$6.1M	$15.9M	5x	as long as short