Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.057%

Price spread now: Extended against Bybit−0.162%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1171.175% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.162%, 7d avg −0.093%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.068% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAHARAUSDT	0.009342	0.0151	pay 0.0076% / 4h	3h 01m	$1.9M	$1.4M	20x
Short	Extended SAHARA-USD	0.009327	0.0104	get 0.0013% / 1h	1m 56s	$118	$315K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$9.97
Price spread: −0.162% → −0.093%: −$6.84
Slippage, 4 orders: −$101.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$134.29
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Extended: 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, 5 min ago	1.07 bp	26.0 bp −$26	146.4 bp −$1,464	doesn't fit	doesn't fit
Sell Extended live order book, 50 min ago	1.60 bp	37.9 bp −$38	242.0 bp −$2,420	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	0.009343	+0.006%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009340	−0.021%	$191K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009329	−0.139%	$1.4M	$241K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009320	−0.235%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009341	−0.010%	$141K	$2.9M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009320	−0.235%	$16K	$259K	50x	as long as short
Extended SAHARA-USDshort	+0.0104%	1h	0.009327	−0.162%	$118	$315K	5x
Bybit SAHARAUSDTlong	+0.0151%	4h	0.009342	long leg	$1.9M	$1.4M	20x
OKX SAHARA-USDT-SWAP	+0.0264%	4h	0.009352	+0.107%	$988K	$1.1M	20x	as long as short
Aster SAHARAUSDT	+0.0609%	4h	0.009342	0.000%	$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	+0.0772%	4h	0.009346	+0.041%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0860%	4h	0.009344	+0.021%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0912%	4h	0.009346	+0.043%	$1.2M	$402K	25x	as long as short