Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.021%

Price spread now: Bitget against Gate−0.064%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$1981.983% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.064%, 7d avg +0.084%

Together, before fees+0.229%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.148% cheaper against Gate than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.084%). If the spread goes back, that is −$15 on $10k: about 34 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.021% in total) that is about 49 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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	Gate SAHARA_USDT	0.009430	0.0100	pay 0.0100% / 8h	1h 43m	$212K	$48K	25x
Short	Bitget SAHARAUSDT	0.009424	0.0452	get 0.0226% / 4h	1h 43m	$1.2M	$390K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $73.92
Price spread: −0.064% → +0.084%: −$14.76
Slippage, 4 orders: −$171.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.16
Costs to cover: 1.983%
Break-even: 20.2 days

Slippage from Gate: live order book, 32 min ago; Bitget: 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, 32 min ago	10.60 bp	74.6 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.53 bp	23.6 bp −$24	201.2 bp −$2,012	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	0.009428	−0.021%	$4.4M	$4.8M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009434	+0.042%	$1.8M	$1.2M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009438	+0.085%	$980K	$1.0M	20x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009430	long leg	$212K	$48K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009428	−0.021%	$1.4M	$194K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009420	−0.106%	$274K	$51K	25x	as long as short
Variational Omni SAHARA	+0.0100%	4h	0.009427	−0.031%	$22K	$14K	—	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009417	−0.142%	$137K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009410	−0.212%	$25K	$251K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009427	−0.028%	$2K	$216K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0186%	4h	0.009425	−0.055%	$62K	$19K	5x	as long as short
BingX SAHARA-USDT	+0.0400%	4h	0.009437	+0.074%	—	$2.3M	—	as long as short
Bitget SAHARAUSDTshort	+0.0452%	4h	0.009424	−0.064%	$1.2M	$390K	25x