Funding arb · Price arb /

ANTHROPIC

RWAall ANTHROPIC markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Lighter against SunX+2.777%7-day average +3.572% · you sell dearer than you buy

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

Long on SunX 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 3 days (all we have)+3.314%+$331 · spread now +2.777%, 7d avg +3.572%

Together, before fees+3.316%+ Points / potential airdropLighter: Season 3 · farm board+$332 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 0.795% cheaper against SunX than usual: you would sell low and buy high, −$80 on $10k if it goes back to its 7-day average of +3.572%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ANTHROPIC-USDT	2,114.1	0	get 0.0000% / 8h	13m 22s	—	$2.6M	10x
Short	Lighter ANTHROPIC	2,172.8	0	get 0.0000% / 1h	13m 22s	$1.9M	$838K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +2.777%Rate

Funding earned: $0
Price spread: +2.777% → +3.572%: −$79.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$87.55
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Lighter: live order book, 3 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, 4 min ago	497.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.61 bp	5.9 bp −$6	33.7 bp −$337	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
Coinbase International ANTHROPIC-PERP-INTX	−0.0376%	1h	2,123.7	+0.455%	$267K	$26K	5x	as long as short
HTX ANTHROPIC-USDT	−0.0279%	8h	2,116.4	+0.106%	$42K	$70K	20x	as long as short
QFEX ANTHROPIC-USD	−0.0002%	1h	2,110.6	−0.166%	$1.4M	$1.5M	10x	as long as short
Lighter ANTHROPICshort	0.0000%	1h	2,172.8	+2.777%	$1.9M	$838K	5x
Bybit ANTHROPICUSDT	0.0000%	8h	2,155.7	+1.970%	$2.4M	$373K	25x	as long as short
OKX ANTHROPIC-USDT-SWAP	0.0000%	8h	2,172.5	+2.762%	$4.8M	$1.1M	10x	as long as short
Gate ANTHROPIC_USDT	0.0000%	8h	2,160.1	+2.174%	$2.5M	$1.2M	50x	as long as short
Bitget ANTHROPICUSDT	0.0000%	8h	2,107.5	−0.315%	$25.9M	$3.2M	20x	as long as short
SunX ANTHROPIC-USDTlong	0.0000%	8h	2,114.1	long leg	—	$2.6M	10x
Phemex ANTHROPICUSDT	0.0000%	8h	2,114	−0.003%	$1.6M	$377K	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	2,173.6	+2.814%	$6.3M	$17.3M	5x	as long as short
Extended ANTHROP-USD	+0.0048%	1h	2,111.5	−0.125%	$19K	$38K	10x	as long as short
Aster ANTHROPICUSDT	+0.0050%	8h	2,111.2	−0.139%	$123K	$7K	10x	as long as short
Binance ANTHROPICUSDT	+0.0050%	8h	2,111.7	−0.113%	$32.0M	$8.2M	20x	as long as short
MEXC ANTHROPIC_USDT	+0.0050%	8h	2,112	−0.097%	$7.8M	$279K	50x	as long as short
KuCoin ANTHROPICUSDTM	+0.0050%	8h	2,120.1	+0.282%	$479K	$21K	20x	as long as short
Variational Omni ANTHROPIC	+0.0050%	8h	2,108	−0.288%	$2.3M	$515K	—	as long as short
GRVT ANTHROPIC_USDT_Perp	+0.0050%	8h	2,107.7	−0.301%	$10K	$157K	10x	as long as short
BloFin ANTHROPIC-USDT	+0.0074%	8h	2,113.2	−0.044%	$268K	$260K	20x	as long as short
Aevo ANTHROPIC-PERP	+0.0104%	1h	2,111.8	−0.110%	$10K	—	10x	as long as short
Entropy io:ANTH	+0.0117%	1h	2,161.6	+2.247%	$35.1M	$7.7M	6x	as long as short