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: Bybit against Phemex+2.010%7-day average +2.246% · you sell dearer than you buy

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

Long on Phemex Short on Bybit

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)+0.288%+$29 · spread now +2.010%, 7d avg +2.246%

Together, before fees+0.288%+$29 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: Bybit is 0.236% cheaper against Phemex than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +2.246%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,107.7	0	get 0.0000% / 8h	4h 05m	$1.6M	$375K	10x
Short	Bybit ANTHROPICUSDT	2,150.1	0	get 0.0000% / 8h	4h 05m	$2.4M	$351K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +2.010%Rate

Funding earned: $0
Price spread: +2.010% → +2.246%: −$23.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.63
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Bybit: live order book, 1 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 Phemex live order book, 2 min ago	8.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	12.16 bp	18.8 bp −$19	78.2 bp −$782	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	−0.0430%	8h	2,107.8	+0.003%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0280%	1h	2,123.7	+0.759%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,107.1	−0.030%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166	+2.765%	$1.9M	$953K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,150.1	+2.010%	$2.4M	$351K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.7	+2.703%	$4.8M	$866K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,154.2	+2.205%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.2	−0.119%	$26.0M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,111.1	+0.160%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,107.7	long leg	$1.6M	$375K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,163.9	+2.665%	$6.2M	$16.1M	5x	as long as short
BloFin ANTHROPIC-USDT	+0.0044%	8h	2,107.4	−0.018%	$269K	$257K	20x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.7	−0.050%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.5	−0.011%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.2	−0.023%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.4	−0.015%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.140%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,107.1	−0.030%	$2.4M	$689K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.2	−0.027%	$10K	$151K	10x	as long as short
Entropy io:ANTH	+0.0079%	1h	2,152.4	+2.120%	$34.9M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.024%	$10K	$63	10x	as long as short