Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.059%

Price spread now: Gate against Bybit−0.203%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1731.732% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.203%, 7d avg −0.063%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.140% cheaper against Bybit than usual: you would sell low and buy high (−$14 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 -0.059% in total (about -3.1% 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	Bybit SAHARAUSDT	0.009359	0.0333	pay 0.0166% / 4h	2h 18m	$1.9M	$1.3M	20x
Short	Gate SAHARA_USDT	0.009340	0.0100	get 0.0100% / 8h	2h 18m	$187K	$60K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.203%Rate

Funding earned: −$48.84
Price spread: −0.203% → −0.063%: −$14.01
Slippage, 4 orders: −$147.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$236.1
Costs to cover: 1.732%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 23 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, 3 min ago	3.75 bp	23.2 bp −$23	147.2 bp −$1,472	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	5.38 bp	60.6 bp −$61	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	0.009360	+0.010%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009340	−0.203%	$187K	$60K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009358	−0.011%	$1.5M	$246K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009350	−0.096%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009303	−0.596%	$137K	$3.0M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009290	−0.737%	$16K	$257K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009352	−0.070%	$2K	$312K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0188%	4h	0.009375	+0.171%	$989K	$1.1M	20x	as long as short
Bybit SAHARAUSDTlong	+0.0333%	4h	0.009359	long leg	$1.9M	$1.3M	20x
Aster SAHARAUSDT	+0.0606%	4h	0.009349	−0.107%	$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	+0.0662%	4h	0.009327	−0.338%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0806%	4h	0.009362	+0.032%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0866%	4h	0.009370	+0.118%	$1.2M	$384K	25x	as long as short