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 Phemex+0.906%7-day average +0.257% · you sell dearer than you buy

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

Long on Phemex 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)−0.360%−$36 · spread now +0.906%, 7d avg +0.257%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.649% dearer against Phemex than usual: you sell high and buy low (spread +0.906% now, against its 7-day average of +0.257%): +$65 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,104.7	0	get 0.0000% / 8h	5h 50m	$1.6M	$372K	10x
Short	Coinbase International ANTHROPIC-PERP-INTX	2,123.7	−0.0144	pay 0.0018% / 1h	50m 48s	$267K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.906%Rate

Funding earned: −$30.24
Price spread: +0.906% → +0.257%: $64.91
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $12.67
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Phemex: live order book, 2 min ago; Coinbase International: live order book, 12 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	2.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 12 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	+0.009%	$41K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTXshort	−0.0144%	1h	2,123.7	+0.906%	$267K	$25K	5x
QFEX ANTHROPIC-USD	−0.0004%	1h	2,103.1	−0.072%	$1.4M	$1.3M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,166.6	+2.943%	$1.9M	$873K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.156%	$2.4M	$362K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166	+2.915%	$4.8M	$953K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,151.8	+2.242%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.9	−0.129%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,107.1	+0.116%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,104.7	long leg	$1.6M	$372K	10x

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	+3.062%	$6.2M	$15.9M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,103.3	−0.065%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,103.9	−0.035%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,103.8	−0.038%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,103.5	−0.053%	$7.8M	$276K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,114.6	+0.475%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,103.1	−0.075%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,103.4	−0.057%	$10K	$147K	10x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102.8	−0.089%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0139%	1h	2,161.3	+2.692%	$35.2M	$7.5M	6x	as long as short