Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0705%/8h= +77.2% APRpaid last 24h +0.016%

Price spread now: Bybit against Extended+0.131%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1121.125% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.131%, 7d avg +0.094%

Together, before fees+0.021%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.037% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.094%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% 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	0.009319	0.0104	pay 0.0013% / 1h	38m 53s	$3K	$218K	5x
Short	Bybit SAHARAUSDT	0.009331	0.0809	get 0.0404% / 4h	1h 38m	$1.9M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.131%Rate

Funding earned: $148.02
Price spread: +0.131% → +0.094%: $3.74
Slippage, 4 orders: −$96.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $39.31
Costs to cover: 1.125%
Break-even: 5.1 days

Slippage from Extended: live order book, 23 min ago; Bybit: live order book, 3 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, 23 min ago	1.60 bp	32.4 bp −$32	233.7 bp −$2,337	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.75 bp	22.2 bp −$22	136.7 bp −$1,367	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	0.009324	+0.052%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009330	+0.120%	$192K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009322	+0.035%	$1.4M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009310	−0.094%	$272K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009347	+0.298%	$139K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009320	+0.013%	$19K	$259K	50x	as long as short
Extended SAHARA-USDlong	+0.0104%	1h	0.009319	long leg	$3K	$218K	5x
OKX SAHARA-USDT-SWAP	+0.0302%	4h	0.009342	+0.249%	$979K	$1.0M	20x	as long as short
Bitget SAHARAUSDT	+0.0510%	4h	0.009341	+0.238%	$1.2M	$405K	25x	as long as short
Aster SAHARAUSDT	+0.0518%	4h	0.009323	+0.045%	$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	+0.0756%	4h	0.009335	+0.176%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0770%	4h	0.009332	+0.142%	—	$2.3M	—	as long as short
Bybit SAHARAUSDTshort	+0.0809%	4h	0.009331	+0.131%	$1.9M	$1.3M	20x