Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.074%

Price spread now: Bitget against ApeX Omni+0.705%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$1221.224% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.619%−$62 · spread now +0.705%, 7d avg +0.108%

Together, before fees−0.545%−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bitget is 0.597% dearer against ApeX Omni than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of +0.108%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% 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	ApeX Omni SAHARAUSDT	0.009360	0.0100	pay 0.0013% / 1h	25m 08s	$20K	$257K	50x
Short	Bitget SAHARAUSDT	0.009426	0.0840	get 0.0420% / 4h	1h 25m	$1.2M	$382K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.705%Rate

Funding earned: $155.4
Price spread: +0.705% → +0.108%: $59.73
Slippage, 4 orders: −$100.37
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $92.76
Costs to cover: 1.224%
Break-even: 2.8 days

Slippage from ApeX Omni: live order book, 17 min ago; Bitget: live order book, 1 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 ApeX Omni live order book, 17 min ago	16.00 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.31 bp	26.0 bp −$26	208.5 bp −$2,085	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	0.009402	+0.449%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009390	+0.321%	$188K	$60K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009403	+0.459%	$1.5M	$243K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009390	+0.321%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009370	+0.107%	$145K	$3.2M	10x	as long as short
ApeX Omni SAHARAUSDTlong	+0.0100%	1h	0.009360	long leg	$20K	$257K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009401	+0.440%	$3K	$222K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0157%	4h	0.009404	+0.470%	$997K	$1.1M	20x	as long as short
Bybit SAHARAUSDT	+0.0307%	4h	0.009403	+0.459%	$1.9M	$1.4M	20x	as long as short
Variational Omni SAHARA	+0.0535%	4h	0.009392	+0.346%	$22K	$12K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0598%	4h	0.009387	+0.292%	$62K	$19K	5x	as long as short
BingX SAHARA-USDT	+0.0792%	4h	0.009391	+0.331%	—	$2.3M	—	as long as short
Bitget SAHARAUSDTshort	+0.0840%	4h	0.009426	+0.705%	$1.2M	$382K	25x