Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h 0.000%

Price spread now: Gate against OKX−0.183%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2052.051% of the position

Long on OKX Short on Gate

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)+0.005%$0 · spread now −0.183%, 7d avg −0.053%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.130% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.053%). 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	0.009297	0.0343	pay 0.0171% / 4h	45m 50s	$964K	$1.1M	20x
Short	Gate SAHARA_USDT	0.009280	0.0100	get 0.0100% / 8h	4h 45m	$190K	$56K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.183%Rate

Funding earned: −$50.94
Price spread: −0.183% → −0.053%: −$12.95
Slippage, 4 orders: −$180.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$268.95
Costs to cover: 2.051%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: 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 OKX live order book, 1 min ago	3.76 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.38 bp	69.1 bp −$69	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	0.009280	−0.181%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009280	−0.183%	$190K	$56K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009285	−0.129%	$1.4M	$233K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009280	−0.183%	$272K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009280	−0.183%	$143K	$2.6M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009260	−0.398%	$16K	$258K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009284	−0.141%	$1K	$218K	5x	as long as short
OKX SAHARA-USDT-SWAPlong	+0.0343%	4h	0.009297	long leg	$964K	$1.1M	20x
Aster SAHARAUSDT	+0.0542%	4h	0.009295	−0.017%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0670%	4h	0.009297	0.000%	$1.2M	$397K	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	+0.0704%	4h	0.009290	−0.075%	—	$2.3M	—	as long as short
Bybit SAHARAUSDT	+0.0736%	4h	0.009298	+0.011%	$1.9M	$1.3M	20x	as long as short
Variational Omni SAHARA	+0.0739%	4h	0.009294	−0.029%	$21K	$12K	—	as long as short