Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0722%/8h= −79.1% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against BingX−0.064%68s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as 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−$1131.129% of the position

Long on BingX Short on ApeX Omni

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)+0.020%+$2 · spread now −0.064%, 7d avg −0.058%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 68 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 -0.072% 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	BingX SAHARA-USDT	0.009356	0.0822	pay 0.0411% / 4h	2h 14m	—	$2.3M	—
Short	ApeX Omni SAHARAUSDT	0.009350	0.0100	get 0.0013% / 1h	14m 21s	$18K	$260K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: −$151.62
Price spread: −0.064% → −0.058%: −$0.59
Slippage, 4 orders: −$92.93
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$265.14
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; ApeX Omni: live order book, 32 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 BingX live order book, 4 min ago	4.27 bp	20.3 bp −$20	65.4 bp −$654	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	16.03 bp	35.0 bp −$35	doesn't fit	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	0.009365	+0.098%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009350	−0.064%	$187K	$60K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009362	+0.064%	$1.5M	$246K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009340	−0.171%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009360	+0.043%	$141K	$3.0M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009350	−0.064%	$18K	$260K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009363	+0.076%	$2K	$312K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0182%	4h	0.009377	+0.224%	$988K	$1.1M	20x	as long as short
Bybit SAHARAUSDT	+0.0453%	4h	0.009359	+0.032%	$1.9M	$1.3M	20x	as long as short
Aster SAHARAUSDT	+0.0619%	4h	0.009349	−0.075%	$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	+0.0663%	4h	0.009360	+0.048%	$22K	$12K	—	as long as short
BingX SAHARA-USDTlong	+0.0822%	4h	0.009356	long leg	—	$2.3M	—
Bitget SAHARAUSDT	+0.0872%	4h	0.009370	+0.150%	$1.2M	$384K	25x	as long as short