Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.036%

Price spread now: Gate against Bitget−0.128%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1851.847% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.128%, 7d avg −0.084%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.043% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.084%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	Bitget SAHARAUSDT	0.009392	0.0410	pay 0.0205% / 4h	2h 30m	$1.2M	$419K	25x
Short	Gate SAHARA_USDT	0.009380	0.0100	get 0.0100% / 8h	6h 30m	$195K	$55K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.128%Rate

Funding earned: −$65.1
Price spread: −0.128% → −0.084%: −$4.34
Slippage, 4 orders: −$157.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$254.17
Costs to cover: 1.847%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 31 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, 1 min ago	4.27 bp	26.2 bp −$26	267.1 bp −$2,671	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	5.33 bp	81.1 bp −$81	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	0.009384	−0.083%	$4.4M	$5.0M	25x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009380	−0.128%	$195K	$55K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009381	−0.117%	$1.5M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009360	−0.341%	$272K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009360	−0.341%	$139K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009350	−0.447%	$18K	$262K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009382	−0.107%	$107	$213K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0165%	4h	0.009384	−0.085%	$978K	$1.1M	20x	as long as short
Bitget SAHARAUSDTlong	+0.0410%	4h	0.009392	long leg	$1.2M	$419K	25x
Aster SAHARAUSDT	+0.0422%	4h	0.009358	−0.361%	$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	+0.0705%	4h	0.009377	−0.159%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0740%	4h	0.009386	−0.064%	—	$2.3M	—	as long as short
Bybit SAHARAUSDT	+0.0876%	4h	0.009386	−0.064%	$2.0M	$1.3M	20x	as long as short