Settings8H · net · $10k
Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h +0.047%
Price spread now: Coinbase International against Lighter RH−2.038%7-day average −3.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs+$25as in the Price arb table
costs, in and out, $10k−$720.720% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 4 days (all we have)−1.145%−$114 · spread now −2.038%, 7d avg −3.011%
Together, before fees−1.193%+ Points / potential airdropLighter RH: Points live · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.973% dearer against Lighter RH than usual: you sell high and buy low (spread −2.038% now, against its 7-day average of −3.011%): +$97 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.048% in total) that is about 5 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ANTHROPIC2,162.50.0032pay 0.0004% / 1h9m 36s$6.3M$16.3M5x
ShortCoinbase International ANTHROPIC-PERP-INTX2,118.4−0.0064pay 0.0008% / 1h9m 36s$267K$25K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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

Funding earned
−$20.16
Price spread: −2.038% → −3.011%
$97.3
Slippage, 4 orders
−$62.02
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$5.12
Costs to cover
0.720%
Break-even
from the start
Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago0.23 bp0.2 bp $08.9 bp −$89238.6 bp −$23.9Kdoesn't fit
Sell Coinbase International live order book, 38 min ago27.16 bp32.2 bp −$3255.3 bp −$553doesn't fitdoesn't fit

ANTHROPIC on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ANTHROPIC-USDT−0.0456%8h2,107.6−2.537%$42K$68K20xas long as short
Coinbase International ANTHROPIC-PERP-INTXshort−0.0064%1h2,118.4−2.038%$267K$25K5x
QFEX ANTHROPIC-USD−0.0006%1h2,107−2.566%$1.4M$1.2M10xas long as short
Lighter ANTHROPIC0.0000%1h2,166.5+0.185%$1.9M$946K5xas long as short
Bybit ANTHROPICUSDT0.0000%8h2,152.7−0.454%$2.3M$425K25xas long as short
OKX ANTHROPIC-USDT-SWAP0.0000%8h2,164.8+0.106%$4.8M$854K10xas long as short
Gate ANTHROPIC_USDT0.0000%8h2,152.4−0.468%$2.4M$1.1M50xas long as short
Bitget ANTHROPICUSDT0.0000%8h2,105.3−2.647%$25.9M$3.3M20xas long as short
SunX ANTHROPIC-USDT0.0000%8h2,111−2.382%$2.4M10xas long as short
Phemex ANTHROPICUSDT0.0000%8h2,108.2−2.513%$1.6M$382K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ANTHROPIC-USDT+0.0020%8h2,107.6−2.538%$269K$258K20xas long as short
Lighter RH ANTHROPIClong+0.0032%1h2,162.5long leg$6.3M$16.3M5x
Extended ANTHROP-USD+0.0048%1h2,106.6−2.586%$19K$22K10xas long as short
Aster ANTHROPICUSDT+0.0050%8h2,106.9−2.570%$122K$6K10xas long as short
Binance ANTHROPICUSDT+0.0050%8h2,107−2.566%$32.1M$8.4M20xas long as short
MEXC ANTHROPIC_USDT+0.0050%8h2,106.9−2.569%$7.8M$278K50xas long as short
KuCoin ANTHROPICUSDTM+0.0050%8h2,110.7−2.394%$498K$25K20xas long as short
Variational Omni ANTHROPIC+0.0050%8h2,106.7−2.581%$2.4M$707Kas long as short
GRVT ANTHROPIC_USDT_Perp+0.0050%8h2,106.7−2.579%$10K$160K10xas long as short
Aevo ANTHROPIC-PERP+0.0104%1h2,107−2.568%$10K$6310xas long as short
Entropy io:ANTH+0.0121%1h2,151.9−0.490%$34.9M$7.5M6xas long as short