Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h −0.107%

Price spread now: HTX against QFEX0.000%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,107.6	−0.0006	get 0.0001% / 1h	7m 33s	$1.4M	$1.2M	10x
Short	HTX ANTHROPIC-USDT	2,107.6	−0.0457	pay 0.0457% / 8h	2h 07m	$42K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. 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 QFEXbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$94.58
Price spread: 0.000% → 0.000%: $0.05
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$116.53
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; HTX: 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 QFEX live order book, 4 min ago	3.01 bp	8.0 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 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-USDTshort	−0.0457%	8h	2,107.6	0.000%	$42K	$68K	20x
Coinbase International ANTHROPIC-PERP-INTX	−0.0064%	1h	2,118.4	+0.515%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USDlong	−0.0006%	1h	2,107.6	long leg	$1.4M	$1.2M	10x
Lighter ANTHROPIC	0.0000%	1h	2,166.8	+2.810%	$1.9M	$946K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,153.1	+2.161%	$2.3M	$425K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,166.3	+2.787%	$4.8M	$857K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,153.3	+2.168%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,106	−0.073%	$25.9M	$3.3M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,112.3	+0.224%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,108.1	+0.025%	$1.6M	$382K	10x	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	2,162.5	+2.606%	$6.3M	$16.4M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,107.2	−0.017%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.009%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,107.8	+0.011%	$32.1M	$8.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,107.7	+0.004%	$7.8M	$278K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,110.7	+0.150%	$498K	$25K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.7	−0.042%	$2.4M	$707K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,106.7	−0.040%	$10K	$160K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0062%	8h	2,107.6	+0.001%	$268K	$258K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,107.2	−0.018%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0121%	1h	2,152	+2.108%	$34.9M	$7.5M	6x	as long as short