Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0722%/8h= +79.1% APRpaid last 24h +0.017%

Price spread now: Bybit against Gate−0.086%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1791.786% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.086%, 7d avg +0.064%

Together, before fees+0.281%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.149% cheaper against Gate than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.064%). If the spread goes back, that is −$15 on $10k: about 17 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.017% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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	0.009340	0.0100	pay 0.0100% / 8h	5h 41m	$192K	$56K	25x
Short	Bybit SAHARAUSDT	0.009332	0.0822	get 0.0411% / 4h	1h 41m	$1.9M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $151.72
Price spread: −0.086% → +0.064%: −$14.94
Slippage, 4 orders: −$152.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.87
Costs to cover: 1.786%
Break-even: 8.9 days

Slippage from Gate: live order book, 14 min ago; Bybit: live order book, 5 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, 14 min ago	5.33 bp	69.5 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.82 bp	23.3 bp −$23	142.4 bp −$1,424	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	0.009329	−0.120%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009340	long leg	$192K	$56K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009330	−0.107%	$1.4M	$229K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009330	−0.107%	$273K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009310	−0.322%	$140K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009310	−0.321%	$19K	$259K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009331	−0.102%	$3K	$218K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0296%	4h	0.009338	−0.021%	$980K	$1.0M	20x	as long as short
Bitget SAHARAUSDT	+0.0500%	4h	0.009345	+0.054%	$1.2M	$405K	25x	as long as short
Aster SAHARAUSDT	+0.0502%	4h	0.009331	−0.094%	$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	+0.0759%	4h	0.009311	−0.307%	$21K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0770%	4h	0.009332	−0.086%	—	$2.3M	—	as long as short
Bybit SAHARAUSDTshort	+0.0822%	4h	0.009332	−0.086%	$1.9M	$1.3M	20x