Funding you earn now, next payment 04:00 UTC−0.0636%/8h= −69.7% APRnext payment −$3.18 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against Bybit−0.127%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now −0.127%, 7d avg −0.063%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Binance is 0.064% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
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; at this rate the next one is about −$3.18 per $10,000. 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 | 0.009298 | 0.0736 | pay 0.0368% / 4h | 45m 57s | $1.9M | $1.3M | 20x |
| Short | Binance SAHARAUSDT | 0.009286 | 0.0100 | get 0.0050% / 4h | 45m 57s | $4.4M | $4.9M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$133.58
- Price spread: −0.127% → −0.063%
- −$6.44
- Slippage, 4 orders
- −$58.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$219.63
- Costs to cover
- 0.796%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 7 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, 6 min ago | 2.15 bp | 22.7 bp −$23 | 139.8 bp −$1,398 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.08 bp | 15.3 bp −$15 | 64.6 bp −$646 | 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 SAHARAUSDTshort | +0.0100% | 4h | 0.009286 | −0.127% | $4.4M | $4.9M | 25x | |
| Gate SAHARA_USDT | +0.0100% | 8h | 0.009280 | −0.194% | $190K | $56K | 25x | as long as short |
| MEXC SAHARA_USDT | +0.0100% | 4h | 0.009285 | −0.140% | $1.4M | $233K | 20x | as long as short |
| KuCoin SAHARAUSDTM | +0.0100% | 4h | 0.009280 | −0.194% | $272K | $53K | 25x | as long as short |
| GRVT SAHARA_USDT_Perp | +0.0100% | 4h | 0.009280 | −0.194% | $143K | $2.6M | 10x | as long as short |
| ApeX Omni SAHARAUSDT | +0.0100% | 1h | 0.009260 | −0.409% | $16K | $258K | 50x | as long as short |
| Extended SAHARA-USD | +0.0104% | 1h | 0.009284 | −0.152% | $1K | $218K | 5x | as long as short |
| OKX SAHARA-USDT-SWAP | +0.0343% | 4h | 0.009298 | 0.000% | $964K | $1.1M | 20x | as long as short |
| Aster SAHARAUSDT | +0.0542% | 4h | 0.009295 | −0.030% | $61K | $19K | 5x | as long as short |
| Bitget SAHARAUSDT | +0.0670% | 4h | 0.009297 | −0.011% | $1.2M | $397K | 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 | +0.0704% | 4h | 0.009289 | −0.097% | — | $2.3M | — | as long as short |
| Bybit SAHARAUSDTlong | +0.0736% | 4h | 0.009298 | long leg | $1.9M | $1.3M | 20x | |
| Variational Omni SAHARA | +0.0739% | 4h | 0.009294 | −0.040% | $21K | $12K | — | as long as short |
Bybit SAHARAUSDT
Binance SAHARAUSDT
Gate SAHARA_USDT
MEXC SAHARA_USDT
KuCoin SAHARAUSDTM
GRVT SAHARA_USDT_Perp
ApeX Omni SAHARAUSDT
Extended SAHARA-USD
OKX SAHARA-USDT-SWAP
Aster SAHARAUSDT
Bitget SAHARAUSDT
BingX SAHARA-USDT
Variational Omni SAHARA