Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Lighter against Phemex+2.775%7-day average +3.334% · you sell dearer than you buy

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

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+1.753%+$175 · spread now +2.775%, 7d avg +3.334%

Together, before fees+1.755%+ Points / potential airdropLighter: Season 3 · farm board+$175 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: Lighter is 0.558% cheaper against Phemex than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +3.334%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ANTHROPICUSDT	2,108.1	0	get 0.0000% / 8h	2h 09m	$1.6M	$382K	10x
Short	Lighter ANTHROPIC	2,166.6	0	get 0.0000% / 1h	9m 06s	$1.9M	$946K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +2.775%Rate

Funding earned: $0
Price spread: +2.775% → +3.334%: −$55.85
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Lighter: live order book, 2 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, 4 min ago	3.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.23 bp	12.9 bp −$13	69.2 bp −$692	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	−0.0457%	8h	2,107.6	−0.024%	$42K	$68K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.490%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USD	−0.0006%	1h	2,107	−0.051%	$1.4M	$1.2M	10x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,166.6	+2.775%	$1.9M	$946K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,152.7	+2.118%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,164.8	+2.690%	$4.8M	$854K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,152.7	+2.114%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,105.3	−0.134%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,110.9	+0.133%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDTlong	0.0000%	8h	2,108.1	long leg	$1.6M	$382K	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	2,162.5	+2.581%	$6.3M	$16.3M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,106.5	−0.076%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107	−0.051%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.1	−0.047%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.9	−0.056%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.125%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.067%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	−0.065%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,107.6	−0.024%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107	−0.050%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,151.9	+2.078%	$34.9M	$7.5M	6x	as long as short