Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h +0.001%

Price spread now: Extended against OKX−0.187%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1351.352% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.187%, 7d avg −0.083%

Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.103% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% 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	OKX SAHARA-USDT-SWAP	0.009313	0.0368	pay 0.0184% / 4h	42m 24s	$965K	$1.1M	20x
Short	Extended SAHARA-USD	0.009296	0.0104	get 0.0013% / 1h	42m 24s	$1K	$218K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$55.37
Price spread: −0.187% → −0.083%: −$10.33
Slippage, 4 orders: −$120.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$200.85
Costs to cover: 1.352%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 14 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, 4 min ago	3.76 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 14 min ago	1.07 bp	42.6 bp −$43	266.3 bp −$2,663	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	0.009299	−0.149%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009290	−0.247%	$191K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009297	−0.172%	$1.4M	$234K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009290	−0.247%	$271K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009281	−0.341%	$146K	$2.6M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009270	−0.462%	$16K	$257K	50x	as long as short
Extended SAHARA-USDshort	+0.0104%	1h	0.009296	−0.187%	$1K	$218K	5x
OKX SAHARA-USDT-SWAPlong	+0.0368%	4h	0.009313	long leg	$965K	$1.1M	20x
Aster SAHARAUSDT	+0.0552%	4h	0.009304	−0.095%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0684%	4h	0.009314	+0.011%	$1.2M	$395K	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	+0.0730%	4h	0.009304	−0.097%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0739%	4h	0.009294	−0.201%	$21K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0783%	4h	0.009305	−0.086%	$1.9M	$1.3M	20x	as long as short