Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.021%

Price spread now: ApeX Omni against Bitget−0.095%53s7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as 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−$1241.240% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.095%, 7d avg −0.088%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 53 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 -0.021% in total (about -1.1% 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	Bitget SAHARAUSDT	0.009449	0.0384	pay 0.0192% / 4h	3h 58m	$1.2M	$401K	25x
Short	ApeX Omni SAHARAUSDT	0.009440	0.0100	get 0.0013% / 1h	58m 34s	$20K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.095%Rate

Funding earned: −$59.64
Price spread: −0.095% → −0.088%: −$0.74
Slippage, 4 orders: −$101.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$184.34
Costs to cover: 1.240%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; ApeX Omni: live order book, 13 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 Bitget live order book, 8 min ago	4.77 bp	25.7 bp −$26	278.6 bp −$2,786	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	15.95 bp	38.8 bp −$39	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	0.009429	−0.212%	$4.4M	$4.9M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009440	−0.095%	$1.9M	$1.2M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009439	−0.106%	$983K	$1.1M	20x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009450	+0.011%	$214K	$43K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009428	−0.222%	$1.4M	$218K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009440	−0.095%	$274K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009454	+0.053%	$142K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009440	−0.095%	$20K	$256K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009427	−0.232%	$2K	$212K	5x	as long as short
Aster SAHARAUSDT	+0.0303%	4h	0.009445	−0.046%	$62K	$19K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SAHARAUSDTlong	+0.0384%	4h	0.009449	long leg	$1.2M	$401K	25x
BingX SAHARA-USDT	+0.0396%	4h	0.009437	−0.127%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0450%	4h	0.009449	+0.002%	$22K	$12K	—	as long as short