Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Phemex−0.059%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.059% cheaper against Phemex than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,110.9	0	get 0.0000% / 8h	6h 03m	$1.6M	$359K	10x
Short	Aevo ANTHROPIC-PERP	2,109.7	0.0104	get 0.0013% / 1h	3m 48s	$10K	$63	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.059%Rate

Funding earned: $21.84
Price spread: −0.059% → 0.000%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.04
Costs to cover: 0.280%
Break-even: 10.9 days

Slippage unknown: Phemex: live order book, 2 min ago; Aevo: no order-book sample. 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 Phemex live order book, 2 min ago	3.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ANTHROPIC on 21 exchanges

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	−0.0382%	8h	2,110.8	−0.006%	$42K	$68K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0004%	1h	2,109.5	−0.070%	$1.4M	$1.0M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,171.8	+2.883%	$1.9M	$837K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.4	+1.963%	$2.3M	$384K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,169.3	+2.765%	$4.8M	$781K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,158.4	+2.247%	$2.5M	$998K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,107.4	−0.170%	$25.9M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.2	−0.035%	—	$1.8M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,110.9	long leg	$1.6M	$359K	10x
Coinbase International ANTHROPIC-PERP-INTX	+0.0008%	1h	2,117.9	+0.332%	$267K	$26K	5x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0030%	8h	2,109.6	−0.062%	$273K	$248K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.3	+2.623%	$6.3M	$16.8M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.4	−0.073%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110	−0.043%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.1	−0.041%	$32.1M	$7.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,109.9	−0.048%	$7.8M	$258K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,117.9	+0.330%	$499K	$176K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108.7	−0.105%	$2.3M	$626K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.7	−0.153%	$10K	$183K	10x	as long as short
Aevo ANTHROPIC-PERPshort	+0.0104%	1h	2,109.7	−0.059%	$10K	$63	10x
Entropy io:ANTH	+0.0115%	1h	2,155.1	+2.092%	$35.1M	$7.1M	6x	as long as short