Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h +0.066%

Price spread now: Coinbase International against OKX−1.966%7-day average −2.354% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now −1.966%, 7d avg −2.354%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.388% dearer against OKX than usual: you sell high and buy low (spread −1.966% now, against its 7-day average of −2.354%): +$39 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,166.3	0	get 0.0000% / 8h	5h 50m	$4.8M	$954K	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	pay 0.0018% / 1h	50m 11s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −1.966%Rate

Funding earned: −$30.24
Price spread: −1.966% → −2.354%: $38.77
Slippage, 4 orders: −$79.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$91.03
Costs to cover: 0.996%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 13 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 OKX live order book, 2 min ago	0.92 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	29.50 bp	34.5 bp −$34	48.7 bp −$487	doesn't fit	doesn't fit

ANTHROPIC on 20 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	−0.0388%	8h	2,104.8	−2.837%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0144%	1h	2,123.7	−1.966%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,103.6	−2.896%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.6	+0.014%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	−0.752%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,166.3	long leg	$4.8M	$954K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.2	−0.697%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,100.9	−3.021%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,106.1	−2.779%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.5	−2.943%	$1.5M	$372K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,169.1	+0.129%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.2	−2.912%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.9	−2.882%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.6	−2.894%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,102.4	−2.951%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	−2.385%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.1	−2.919%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	−2.902%	$10K	$147K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,103.1	−2.917%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0138%	1h	2,161.3	−0.231%	$35.2M	$7.5M	6x	as long as short