Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.019%

Price spread now: BingX against Gate+0.021%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1931.932% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.021%, 7d avg +0.038%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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	Gate SAHARA_USDT	0.009420	0.0100	pay 0.0100% / 8h	1h 21m	$212K	$48K	25x
Short	BingX SAHARA-USDT	0.009422	0.0436	get 0.0218% / 4h	1h 21m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $70.56
Price spread: +0.021% → +0.038%: −$1.64
Slippage, 4 orders: −$168.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$124.25
Costs to cover: 1.932%
Break-even: 19.3 days

Slippage from Gate: live order book, 55 min ago; BingX: live order book, 2 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 Gate live order book, 55 min ago	10.60 bp	74.6 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.71 bp	16.7 bp −$17	47.8 bp −$478	1065.0 bp −$106.5K	1471.9 bp −$736.0K

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	0.009422	+0.021%	$4.4M	$4.8M	25x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009433	+0.138%	$983K	$1.0M	20x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009420	long leg	$212K	$48K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009423	+0.032%	$1.4M	$196K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009410	−0.106%	$272K	$51K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009420	0.000%	$141K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009410	−0.106%	$21K	$254K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009420	+0.004%	$2K	$216K	5x	as long as short
Variational Omni SAHARA	+0.0145%	4h	0.009419	−0.007%	$22K	$14K	—	as long as short
Bybit SAHARAUSDT	+0.0199%	4h	0.009427	+0.074%	$1.8M	$1.2M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0211%	4h	0.009422	+0.021%	$62K	$19K	5x	as long as short
BingX SAHARA-USDTshort	+0.0436%	4h	0.009422	+0.021%	—	$2.3M	—
Bitget SAHARAUSDT	+0.0458%	4h	0.009427	+0.074%	$1.2M	$389K	25x	as long as short