Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.018%

Price spread now: Extended against BingX−0.140%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.140%, 7d avg −0.065%

Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% 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	BingX SAHARA-USDT	0.009419	0.0400	pay 0.0200% / 4h	1h 47m	—	$2.3M	—
Short	Extended SAHARA-USD	0.009406	0.0104	get 0.0013% / 1h	47m 02s	$2K	$216K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$62.16
Price spread: −0.140% → −0.065%: −$7.48
Slippage, 4 orders: −$93.2
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$177.83
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Extended: live order book, 35 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 BingX live order book, 1 min ago	3.18 bp	18.1 bp −$18	72.8 bp −$728	doesn't fit	doesn't fit
Sell Extended live order book, 35 min ago	1.59 bp	35.5 bp −$35	232.8 bp −$2,328	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	0.009409	−0.110%	$4.4M	$4.8M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009421	+0.021%	$1.8M	$1.2M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009423	+0.042%	$978K	$1.0M	20x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009420	+0.011%	$212K	$48K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009405	−0.149%	$1.4M	$193K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009400	−0.202%	$273K	$51K	25x	as long as short
Variational Omni SAHARA	+0.0100%	4h	0.009418	−0.008%	$22K	$14K	—	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009410	−0.096%	$145K	$2.3M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009390	−0.308%	$25K	$251K	50x	as long as short
Extended SAHARA-USDshort	+0.0104%	1h	0.009406	−0.140%	$2K	$216K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0166%	4h	0.009410	−0.096%	$62K	$19K	5x	as long as short
BingX SAHARA-USDTlong	+0.0400%	4h	0.009419	long leg	—	$2.3M	—
Bitget SAHARAUSDT	+0.0430%	4h	0.009408	−0.117%	$1.2M	$390K	25x	as long as short