Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Lighter−2.968%7-day average −3.928% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days−1.443%−$144 · spread now −2.968%, 7d avg −3.928%

Together, before fees−1.394%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$139 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.959% dearer against Lighter than usual: you sell high and buy low: +$96 more if the spread goes back to its 7-day average of −3.928%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ANTHROPIC	2,169.7	0	get 0.0000% / 1h	7m 38s	$1.9M	$880K	5x
Short	Variational Omni ANTHROPIC	2,105.3	0.0050	get 0.0050% / 8h	7m 38s	$2.3M	$651K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now −2.968%Rate

Funding earned: $10.5
Price spread: −2.968% → −3.928%: $95.94
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $106.44
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Variational Omni: RFQ quote, 1 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 Lighter live order book, 4 min ago	0.46 bp	11.8 bp −$12	186.5 bp −$1,865	712.4 bp −$71.2K	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.22 bp	doesn't fit	43.0 bp −$430	doesn't fit	doesn't fit

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	−0.0432%	8h	2,106.9	−2.896%	$41K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,106.3	−2.923%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIClong	0.0000%	1h	2,169.7	long leg	$1.9M	$880K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.5	−0.654%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,165.1	−0.212%	$4.8M	$850K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.4	−0.704%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,104.9	−2.985%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.8	−2.715%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.3	−2.923%	$1.6M	$383K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0024%	8h	2,106.8	−2.899%	$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	−0.171%	$6.4M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105.4	−2.964%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.4	−2.920%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.9	−2.941%	$32.1M	$8.3M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.8	−2.946%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.9	−2.618%	$499K	$34K	20x	as long as short
Variational Omni ANTHROPICshort	+0.0050%	8h	2,105.3	−2.968%	$2.3M	$651K	—
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.4	−2.870%	$10K	$170K	10x	as long as short
Entropy io:ANTH	+0.0103%	1h	2,155	−0.678%	$35.1M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.8	−2.944%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,117.9	−2.386%	$267K	$28K	5x	as long as short