Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0430%/8h= +47.1% APRpaid last 24h +0.107%

Price spread now: QFEX against HTX−0.047%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

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—needs both histories

Funding pays, the price is against you. QFEX is 0.047% cheaper against HTX than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ANTHROPIC-USDT	2,106.9	−0.0432	get 0.0432% / 8h	7m 26s	$41K	$69K	20x
Short	QFEX ANTHROPIC-USD	2,105.9	−0.0002	pay 0.0000% / 1h	7m 26s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $90.38
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: $63.68
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: HTX: no order-book sample; QFEX: 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.71 bp	8.7 bp −$9	14.4 bp −$144	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 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-USDTlong	−0.0432%	8h	2,106.9	long leg	$41K	$69K	20x
QFEX ANTHROPIC-USDshort	−0.0002%	1h	2,105.9	−0.047%	$1.4M	$1.1M	10x
Lighter ANTHROPIC	0.0000%	1h	2,169.7	+2.982%	$1.9M	$880K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.6	+2.313%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.1	+2.764%	$4.8M	$850K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.4	+2.257%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.9	−0.092%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.8	+0.187%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.3	−0.028%	$1.6M	$383K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0024%	8h	2,106.8	−0.003%	$270K	$258K	20x	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	2,166	+2.807%	$6.4M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105.4	−0.070%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.4	−0.024%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.9	−0.047%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.8	−0.049%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.8	+0.283%	$499K	$34K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,105.3	−0.075%	$2.3M	$651K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.4	+0.026%	$10K	$170K	10x	as long as short
Entropy io:ANTH	+0.0103%	1h	2,155	+2.284%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.8	−0.050%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,117.9	+0.525%	$267K	$28K	5x	as long as short