Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0722%/8h= +79.1% APRpaid last 24h +0.017%

Price spread now: Bybit against ApeX Omni+0.387%69s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.147% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.387%, 7d avg +0.069%

Together, before fees−0.353%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.317% dearer against ApeX Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.069%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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	0.009310	0.0100	pay 0.0013% / 1h	36m 31s	$19K	$259K	50x
Short	Bybit SAHARAUSDT	0.009346	0.0822	get 0.0411% / 4h	1h 36m	$1.9M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.387%Rate

Funding earned: $151.65
Price spread: +0.387% → +0.069%: $31.74
Slippage, 4 orders: −$93.74
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $68.64
Costs to cover: 1.147%
Break-even: 3.8 days

Slippage from ApeX Omni: live order book, 25 min ago; Bybit: live order book, 5 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, 25 min ago	10.67 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.75 bp	22.2 bp −$22	136.7 bp −$1,367	doesn't fit	doesn't fit

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	0.009345	+0.372%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009330	+0.215%	$192K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009339	+0.311%	$1.4M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009320	+0.107%	$273K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009330	+0.214%	$142K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDTlong	+0.0100%	1h	0.009310	long leg	$19K	$259K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009339	+0.315%	$3K	$218K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0309%	4h	0.009360	+0.537%	$980K	$1.0M	20x	as long as short
Bitget SAHARAUSDT	+0.0516%	4h	0.009328	+0.193%	$1.2M	$405K	25x	as long as short
Aster SAHARAUSDT	+0.0516%	4h	0.009328	+0.195%	$61K	$19K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0756%	4h	0.009335	+0.270%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0768%	4h	0.009339	+0.311%	—	$2.3M	—	as long as short
Bybit SAHARAUSDTshort	+0.0822%	4h	0.009346	+0.387%	$1.9M	$1.3M	20x