Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against OKX−2.737%7-day average −2.614% · you buy dearer than you sell

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

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −2.737%, 7d avg −2.614%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.123% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −2.614%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ANTHROPIC-USDT-SWAP	2,165.1	0	get 0.0000% / 8h	3m 51s	$4.8M	$849K	10x
Short	Phemex ANTHROPICUSDT	2,105.8	0	get 0.0000% / 8h	3m 51s	$1.6M	$381K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −2.737%Rate

Funding earned: $0
Price spread: −2.737% → −2.614%: −$12.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$34.28
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Phemex: live order book, 4 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 OKX live order book, 4 min ago	0.23 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.01 bp	doesn't fit	doesn't fit	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	−0.0433%	8h	2,106	−2.729%	$41K	$69K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,105.5	−2.754%	$1.4M	$1.1M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,170.2	+0.236%	$1.9M	$880K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.3	−0.454%	$2.3M	$422K	25x	as long as short
OKX ANTHROPIC-USDT-SWAPlong	0.0000%	8h	2,165.1	long leg	$4.8M	$849K	10x
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.2	−0.504%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.4	−2.756%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,109.1	−2.586%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTshort	0.0000%	8h	2,105.8	−2.737%	$1.6M	$381K	10x
BloFin ANTHROPIC-USDT	+0.0031%	8h	2,105.3	−2.761%	$271K	$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	2,165.6	+0.023%	$6.4M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,105.1	−2.772%	$19K	$5K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,106.3	−2.715%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.6	−2.749%	$32.1M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,105.5	−2.751%	$7.8M	$272K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112.4	−2.434%	$498K	$39K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,104.6	−2.795%	$2.3M	$651K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	−2.677%	$10K	$170K	10x	as long as short
Entropy io:ANTH	+0.0098%	1h	2,154.2	−0.503%	$35.0M	$7.5M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.2	−2.765%	$10K	$63	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0128%	1h	2,117.9	−2.178%	$267K	$28K	5x	as long as short