Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.199%7-day average −0.107% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.781%−$178 · spread now +0.199%, 7d avg −0.107%

Together, before fees−1.778%−$178 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: SunX is 0.306% dearer against QFEX than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ANTHROPIC-USD	2,110.7	−0.0004	get 0.0000% / 1h	43m 03s	$1.4M	$1.0M	10x
Short	SunX ANTHROPIC-USDT	2,114.9	0	get 0.0000% / 8h	5h 43m	—	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0.79
Price spread: +0.199% → −0.107%: $30.63
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $13.42
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: QFEX: live order book, 1 min ago; SunX: live order book, 6 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 QFEX live order book, 1 min ago	1.47 bp	7.3 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	496.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ANTHROPIC on 21 exchanges

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	−0.0384%	8h	2,110.9	+0.008%	$42K	$69K	20x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	−0.0024%	1h	2,117.9	+0.343%	$267K	$26K	5x	as long as short
QFEX ANTHROPIC-USDlong	−0.0004%	1h	2,110.7	long leg	$1.4M	$1.0M	10x
Lighter ANTHROPIC	0.0000%	1h	2,169.4	+2.781%	$1.9M	$841K	5x	as long as short
Bybit ANTHROPICUSDT	0.0000%	8h	2,151.8	+1.945%	$2.3M	$381K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,167.5	+2.691%	$4.8M	$688K	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,157.7	+2.229%	$2.5M	$986K	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,108.9	−0.087%	$26.0M	$3.1M	20x	as long as short
SunX ANTHROPIC-USDTshort	0.0000%	8h	2,114.9	+0.199%	—	$1.7M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,110.9	+0.008%	$1.6M	$359K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ANTHROPIC	+0.0032%	1h	2,164.4	+2.544%	$6.2M	$16.5M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,109.9	−0.040%	$10K	$11K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,110.2	−0.024%	$122K	$6K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,110.6	−0.004%	$32.2M	$7.4M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,110.5	−0.009%	$7.8M	$245K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.8	+0.386%	$500K	$200K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,109.8	−0.041%	$2.3M	$661K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,109.9	−0.037%	$10K	$186K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0071%	8h	2,110.9	+0.009%	$274K	$247K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,110.3	−0.021%	$10K	$63	10x	as long as short
Entropy io:ANTH	+0.0110%	1h	2,155.3	+2.113%	$35.1M	$7.1M	6x	as long as short