Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0694%/8h= −76.0% APRpaid last 24h −0.017%

Price spread now: ApeX Omni against Bybit−0.053%79s7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as 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−$1171.167% of the position

Long on Bybit Short on ApeX Omni

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)+0.037%+$4 · spread now −0.053%, 7d avg −0.069%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 79 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	Bybit SAHARAUSDT	0.009405	0.0794	pay 0.0397% / 4h	1h 12m	$1.9M	$1.3M	20x
Short	ApeX Omni SAHARAUSDT	0.009400	0.0100	get 0.0013% / 1h	12m 08s	$19K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.053%Rate

Funding earned: −$145.74
Price spread: −0.053% → −0.069%: $1.62
Slippage, 4 orders: −$95.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$260.85
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 50 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 Bybit live order book, 4 min ago	3.71 bp	21.1 bp −$21	141.0 bp −$1,410	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	10.67 bp	40.4 bp −$40	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	0.009392	−0.138%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009400	−0.053%	$193K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009394	−0.117%	$1.5M	$237K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009400	−0.053%	$275K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009420	+0.159%	$147K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009400	−0.053%	$19K	$255K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009395	−0.110%	$1K	$220K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0376%	4h	0.009405	0.000%	$988K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0584%	4h	0.009389	−0.168%	$62K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0644%	4h	0.009416	+0.117%	$1.2M	$399K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAHARA-USDT	+0.0736%	4h	0.009398	−0.074%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0778%	4h	0.009436	+0.326%	$22K	$12K	—	as long as short
Bybit SAHARAUSDTlong	+0.0794%	4h	0.009405	long leg	$1.9M	$1.3M	20x