Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.015%

Price spread now: MEXC against QFEX−0.004%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on QFEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.004%, 7d avg +0.029%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.033% cheaper against QFEX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,102.3	−0.0004	get 0.0001% / 1h	25m 10s	$1.4M	$1.3M	10x
Short	MEXC ANTHROPIC_USDT	2,102.2	0.0050	get 0.0050% / 8h	5h 25m	$7.8M	$277K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.004%Rate

Funding earned: $11.39
Price spread: −0.004% → +0.029%: −$3.32
Slippage, 4 orders: −$9.06
Fee QFEX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.98
Costs to cover: 0.191%
Break-even: 13.8 days

Slippage from QFEX: live order book, 1 min ago; MEXC: live order book, 3 min ago.

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, 1 min ago	1.93 bp	6.9 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.93 bp	1.6 bp −$2	55.3 bp −$553	374.6 bp −$37.5K	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	−0.0409%	8h	2,103	+0.035%	$42K	$67K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0144%	1h	2,123.7	+1.018%	$267K	$25K	5x	as long as short
QFEX ANTHROPIC-USDlong	−0.0004%	1h	2,102.3	long leg	$1.4M	$1.3M	10x
Lighter ANTHROPIC	0.0000%	1h	2,164.4	+2.954%	$1.9M	$894K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,150	+2.269%	$2.4M	$357K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,163.9	+2.930%	$4.8M	$901K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,150.7	+2.302%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,101.2	−0.054%	$25.7M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDT	0.0000%	8h	2,105.9	+0.171%	—	$2.4M	10x	as long as short
Phemex ANTHROPICUSDT	0.0000%	8h	2,102.7	+0.020%	$1.5M	$374K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ANTHROPIC-USDT	+0.0025%	8h	2,102.4	+0.005%	$269K	$255K	20x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,166.1	+3.035%	$6.3M	$16.1M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,101.8	−0.022%	$19K	$22K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,102.5	+0.008%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,102.4	+0.005%	$31.9M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDTshort	+0.0050%	8h	2,102.2	−0.004%	$7.8M	$277K	50x
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,112	+0.461%	$477K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,101.8	−0.025%	$2.4M	$679K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,102.1	−0.009%	$10K	$148K	10x	as long as short
Entropy io:ANTH	+0.0090%	1h	2,157.6	+2.630%	$35.1M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,102	−0.015%	$10K	—	10x	as long as short