Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.072%

Price spread now: BingX against ApeX Omni−0.043%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.043%, 7d avg +0.060%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.102% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.060%). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.072% in total) that is about 10.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SAHARAUSDT	0.009410	0.0100	pay 0.0013% / 1h	39m 36s	$20K	$255K	50x
Short	BingX SAHARA-USDT	0.009406	0.0760	get 0.0380% / 4h	39m 36s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $138.6
Price spread: −0.043% → +0.060%: −$10.25
Slippage, 4 orders: −$92.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $15.48
Costs to cover: 1.129%
Break-even: 6.2 days

Slippage from ApeX Omni: live order book, 62 min ago; BingX: live order book, 8 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 ApeX Omni live order book, 62 min ago	16.00 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	3.71 bp	18.9 bp −$19	48.8 bp −$488	1031.6 bp −$103.2K	1460.7 bp −$730.3K

SAHARA on 13 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
Binance SAHARAUSDT	+0.0100%	4h	0.009399	−0.117%	$4.5M	$4.8M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009400	−0.106%	$187K	$60K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009402	−0.085%	$1.5M	$235K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009400	−0.106%	$277K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009430	+0.217%	$142K	$3.3M	10x	as long as short
ApeX Omni SAHARAUSDTlong	+0.0100%	1h	0.009410	long leg	$20K	$255K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009397	−0.143%	$2K	$190K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0195%	4h	0.009395	−0.159%	$999K	$1.1M	20x	as long as short
Bybit SAHARAUSDT	+0.0401%	4h	0.009395	−0.159%	$1.9M	$1.4M	20x	as long as short
Variational Omni SAHARA	+0.0541%	4h	0.009427	+0.177%	$22K	$12K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0676%	4h	0.009398	−0.129%	$62K	$19K	5x	as long as short
BingX SAHARA-USDTshort	+0.0760%	4h	0.009406	−0.043%	—	$2.3M	—
Bitget SAHARAUSDT	+0.0784%	4h	0.009412	+0.021%	$1.2M	$377K	25x	as long as short