Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.019%

Price spread now: Gate against BingX−0.095%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1921.923% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.095%, 7d avg −0.038%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.058% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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	0.009439	0.0424	pay 0.0212% / 4h	1h 42m	—	$2.3M	—
Short	Gate SAHARA_USDT	0.009430	0.0100	get 0.0100% / 8h	1h 42m	$212K	$48K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.095%Rate

Funding earned: −$68.04
Price spread: −0.095% → −0.038%: −$5.77
Slippage, 4 orders: −$167.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$266.1
Costs to cover: 1.923%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Gate: live order book, 34 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, 6 min ago	3.18 bp	18.1 bp −$18	72.8 bp −$728	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	10.60 bp	81.5 bp −$82	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	0.009428	−0.117%	$4.4M	$4.8M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009438	−0.011%	$1.8M	$1.2M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009441	+0.021%	$981K	$1.0M	20x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009430	−0.095%	$212K	$48K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009433	−0.064%	$1.4M	$194K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009420	−0.201%	$274K	$51K	25x	as long as short
Variational Omni SAHARA	+0.0100%	4h	0.009427	−0.126%	$22K	$14K	—	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009420	−0.202%	$137K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009410	−0.307%	$25K	$252K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009425	−0.144%	$2K	$216K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0187%	4h	0.009421	−0.192%	$62K	$19K	5x	as long as short
BingX SAHARA-USDTlong	+0.0424%	4h	0.009439	long leg	—	$2.3M	—
Bitget SAHARAUSDT	+0.0464%	4h	0.009444	+0.053%	$1.2M	$390K	25x	as long as short