An improved anti-fuse structure is formed on a silicon substrate of a first conductivity type. The anti-fuse has a first conductive layer formed on a surface of the substrate, a dielectric layer formed on the first conductive layer, and a second conductive layer formed on the dielectric layer. The second conductive layer has a portion extending beyond the dielectric layer above the surface of the substrate. A third conductive layer is contacted to this portion of the second dielectric layer. The anti-fuse further includes a well region having a graded doping profile formed in the silicon substrate under the portion of the second conductive layer to which the third conductive layer is contacted. The well region has a second conductivity type that is opposite the first conductivity type.