Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: Extended against KuCoin−0.546%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.546% cheaper against KuCoin than usual: you would sell low and buy high, −$55 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	KuCoin ANTHROPICUSDTM	2,119.6	0.0050	pay 0.0050% / 8h	7h 00m	$478K	$20K	20x
Short	Extended ANTHROP-USD	2,108	0.0048	get 0.0006% / 1h	0m 02s	$19K	$38K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.546%Rate

Funding earned: −$0.42
Price spread: −0.546% → 0.000%: −$54.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 52 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 KuCoin live order book, 52 min ago	7.37 bp	505.7 bp −$506	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	−0.0338%	8h	2,109	−0.498%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0080%	1h	2,123.7	+0.194%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,108.2	−0.535%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,168.6	+2.312%	$1.9M	$915K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,154.8	+1.663%	$2.4M	$380K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,169.2	+2.341%	$4.8M	$1.0M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.5	+1.739%	$2.4M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.5	−0.665%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.6	−0.330%	—	$2.6M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.1	−0.446%	$1.6M	$375K	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	2,173.6	+2.548%	$6.3M	$16.9M	5x	as long as short
Extended ANTHROP-USDshort	+0.0048%	1h	2,108	−0.546%	$19K	$38K	10x
Aster ANTHROPICUSDT	+0.0050%	8h	2,108.5	−0.524%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,108.5	−0.522%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,108.6	−0.518%	$7.8M	$281K	50x	as long as short
KuCoin ANTHROPICUSDTMlong	+0.0050%	8h	2,119.6	long leg	$478K	$20K	20x
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.1	−0.543%	$2.4M	$664K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,110.6	−0.423%	$10K	$150K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0066%	8h	2,108	−0.547%	$268K	$257K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,108.1	−0.541%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0127%	1h	2,166.5	+2.213%	$35.3M	$7.6M	6x	as long as short