Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.015%

Price spread now: QFEX against MEXC+0.004%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on MEXC Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.004%, 7d avg −0.029%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.033% dearer against MEXC than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ANTHROPIC_USDT	2,102.2	0.0050	pay 0.0050% / 8h	5h 25m	$7.8M	$277K	50x
Short	QFEX ANTHROPIC-USD	2,102.3	−0.0004	pay 0.0001% / 1h	25m 13s	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against MEXC. 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 MEXCbpFee QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$11.39
Price spread: +0.004% → −0.029%: $3.32
Slippage, 4 orders: −$9.06
Fee MEXC: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$27.13
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; QFEX: live order book, 1 min ago.

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 MEXC live order book, 3 min ago	0.93 bp	1.3 bp −$1	32.9 bp −$329	314.7 bp −$31.5K	doesn't fit
Sell QFEX live order book, 1 min ago	1.93 bp	9.2 bp −$9	10.2 bp −$102	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	−0.0409%	8h	2,103	+0.039%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+1.023%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USDshort	−0.0004%	1h	2,102.3	+0.004%	$1.4M	$1.3M	10x
Lighter ANTHROPIC	0.0000%	1h	2,164.4	+2.958%	$1.9M	$894K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.274%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,163.9	+2.935%	$4.8M	$901K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.7	+2.306%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.2	−0.050%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,105.9	+0.176%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.7	+0.024%	$1.5M	$374K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0025%	8h	2,102.4	+0.009%	$269K	$255K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.1	+3.039%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.8	−0.018%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.5	+0.013%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	+0.009%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDTlong	+0.0050%	8h	2,102.2	long leg	$7.8M	$277K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	+0.465%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.8	−0.020%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.1	−0.004%	$10K	$148K	10x	as long as short
Entropy io:ANTH	+0.0090%	1h	2,157.6	+2.635%	$35.1M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102	−0.010%	$10K	—	10x	as long as short