Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0664%/8h= +72.7% APRpaid last 24h +0.033%

Price spread now: BingX against Extended+0.039%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.039%, 7d avg +0.068%

Together, before fees−0.016%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.029% cheaper against Extended than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.068%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.025% in total) that is about 8.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% 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	Extended SAHARA-USD	0.009358	0.0104	pay 0.0013% / 1h	33m 55s	$3K	$218K	5x
Short	BingX SAHARA-USDT	0.009362	0.0768	get 0.0384% / 4h	1h 33m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $139.44
Price spread: +0.039% → +0.068%: −$2.95
Slippage, 4 orders: −$94.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $26.56
Costs to cover: 1.099%
Break-even: 5.7 days

Slippage from Extended: live order book, 28 min ago; BingX: live order book, 14 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 Extended live order book, 28 min ago	1.60 bp	32.4 bp −$32	233.7 bp −$2,337	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.76 bp	16.6 bp −$17	59.8 bp −$598	990.3 bp −$99.0K	1311.9 bp −$655.9K

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	0.009361	+0.028%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009350	−0.090%	$192K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009360	+0.017%	$1.4M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009340	−0.196%	$273K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009339	−0.209%	$142K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009330	−0.303%	$19K	$259K	50x	as long as short
Extended SAHARA-USDlong	+0.0104%	1h	0.009358	long leg	$3K	$218K	5x
OKX SAHARA-USDT-SWAP	+0.0336%	4h	0.009370	+0.124%	$982K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0541%	4h	0.009348	−0.108%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0548%	4h	0.009340	−0.196%	$1.2M	$405K	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-USDTshort	+0.0768%	4h	0.009362	+0.039%	—	$2.3M	—
Variational Omni SAHARA	+0.0775%	4h	0.009352	−0.066%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0813%	4h	0.009364	+0.060%	$1.9M	$1.3M	20x	as long as short