Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.108%

Price spread now: HTX against Lighter−2.829%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.619%−$62 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 2.829% cheaper against Lighter than usual: you would sell low and buy high (−$283 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ANTHROPIC	2,166.4	0	get 0.0000% / 1h	36m 58s	$1.8M	$946K	5x
Short	HTX ANTHROPIC-USDT	2,105.1	−0.0451	pay 0.0451% / 8h	3h 36m	$42K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now −2.829%Rate

Funding earned: −$94.65
Price spread: −2.829% → 0.000%: −$282.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$389.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 10 min ago; HTX: 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 Lighter live order book, 10 min ago	0.69 bp	14.8 bp −$15	290.4 bp −$2,904	747.0 bp −$74.7K	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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-USDTshort	−0.0451%	8h	2,105.1	−2.829%	$42K	$67K	20x
Lighter ANTHROPIClong	0.0000%	1h	2,166.4	long leg	$1.8M	$946K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,150.7	−0.726%	$2.4M	$351K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.9	−0.069%	$4.8M	$877K	10x	as long as short
QFEX ANTHROPIC-USD	0.0000%	1h	2,104.1	−2.874%	$1.4M	$1.2M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.5	−0.640%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.7	−2.893%	$25.9M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,108.4	−2.677%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,105.5	−2.813%	$1.6M	$375K	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,123.7	−1.971%	$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
Lighter RH ANTHROPIC	+0.0032%	1h	2,161.5	−0.226%	$6.3M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.6	−2.899%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,104	−2.879%	$121K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,104.2	−2.870%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,104.3	−2.865%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	−2.572%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.8	−2.845%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,104.9	−2.838%	$10K	$155K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0064%	8h	2,104.6	−2.851%	$270K	$256K	20x	as long as short
Entropy io:ANTH	+0.0067%	1h	2,149.9	−0.762%	$34.8M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.9	−2.884%	$10K	$63	10x	as long as short