Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+2.194%7-day average +2.438% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+1.731%+$173 · spread now +2.194%, 7d avg +2.438%

Together, before fees+1.731%+$173 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: Bybit is 0.244% cheaper against SunX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +2.438%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,109.7	0	get 0.0000% / 8h	6h 38m	—	$2.6M	10x
Short	Bybit ANTHROPICUSDT	2,156	0	get 0.0000% / 8h	6h 38m	$2.4M	$377K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +2.194%Rate

Funding earned: $0
Price spread: +2.194% → +2.438%: −$24.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.39
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Bybit: live order book, 4 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 SunX live order book, 9 min ago	496.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	15.71 bp	21.5 bp −$21	139.5 bp −$1,395	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	−0.0306%	8h	2,107.5	−0.106%	$42K	$67K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,105.8	−0.187%	$1.4M	$1.4M	10x	as long as short
Lighter ANTHROPIC	0.0000%	1h	2,169.8	+2.849%	$1.9M	$909K	5x	as long as short
Bybit ANTHROPICUSDTshort	0.0000%	8h	2,156	+2.194%	$2.4M	$377K	25x
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,167.7	+2.749%	$4.8M	$1.0M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,156.5	+2.216%	$2.4M	$1.1M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,103.7	−0.287%	$25.8M	$3.0M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,109.7	long leg	—	$2.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,106.2	−0.167%	$1.6M	$374K	10x	as long as short
Lighter RH ANTHROPIC	+0.0032%	1h	2,170.2	+2.868%	$6.3M	$16.4M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ANTHROP-USD	+0.0048%	1h	2,105.1	−0.217%	$19K	$30K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,105.7	−0.189%	$122K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,105.9	−0.182%	$32.0M	$8.1M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,106.2	−0.168%	$7.8M	$277K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,118.9	+0.437%	$478K	$20K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,106.8	−0.140%	$2.4M	$669K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.1	−0.124%	$10K	$149K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0058%	8h	2,107.4	−0.110%	$270K	$257K	20x	as long as short
Entropy io:ANTH	+0.0085%	1h	2,164.3	+2.588%	$35.2M	$7.6M	6x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,105.7	−0.189%	$10K	—	10x	as long as short
Coinbase International ANTHROPIC-PERP-INTX	+0.0104%	1h	2,123.7	+0.664%	$267K	$26K	5x	as long as short