Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX−0.150%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1251.246% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.150%, 7d avg −0.058%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.092% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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	OKX SAHARA-USDT-SWAP	0.009354	0.0464	pay 0.0232% / 4h	18m 58s	$971K	$1.1M	20x
Short	ApeX Omni SAHARAUSDT	0.009340	0.0100	get 0.0013% / 1h	18m 58s	$16K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.150%Rate

Funding earned: −$76.51
Price spread: −0.150% → −0.058%: −$9.17
Slippage, 4 orders: −$104.6
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$210.28
Costs to cover: 1.246%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 38 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 OKX live order book, 2 min ago	2.67 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	10.71 bp	33.1 bp −$33	doesn't fit	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	0.009348	−0.064%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009350	−0.043%	$192K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009343	−0.118%	$1.4M	$235K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009350	−0.043%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009347	−0.080%	$147K	$2.7M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009340	−0.150%	$16K	$258K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009345	−0.092%	$1K	$216K	5x	as long as short
OKX SAHARA-USDT-SWAPlong	+0.0464%	4h	0.009354	long leg	$971K	$1.1M	20x
Aster SAHARAUSDT	+0.0631%	4h	0.009338	−0.173%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0800%	4h	0.009371	+0.182%	$1.2M	$392K	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-USDT	+0.0856%	4h	0.009353	−0.011%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0886%	4h	0.009361	+0.072%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0918%	4h	0.009353	−0.011%	$1.9M	$1.3M	20x	as long as short