Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.036%

Price spread now: ApeX Omni against Bitget+0.085%7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1201.198% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.085%, 7d avg −0.091%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.176% dearer against Bitget than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.091%): +$18 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.036% in total) that is about 35 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	Bitget SAHARAUSDT	0.009372	0.0392	pay 0.0196% / 4h	3h 00m	$1.2M	$404K	25x
Short	ApeX Omni SAHARAUSDT	0.009380	0.0100	get 0.0013% / 1h	0m 47s	$21K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: −$61.32
Price spread: +0.085% → −0.091%: $17.6
Slippage, 4 orders: −$97.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$163.55
Costs to cover: 1.198%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 6 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 Bitget live order book, 5 min ago	5.83 bp	25.5 bp −$25	276.6 bp −$2,766	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	15.91 bp	36.7 bp −$37	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	0.009358	−0.153%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009360	−0.128%	$195K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009357	−0.160%	$1.5M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009370	−0.021%	$273K	$51K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009436	+0.681%	$143K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009380	+0.085%	$21K	$257K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009354	−0.195%	$2K	$219K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0121%	4h	0.009374	+0.021%	$970K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0344%	4h	0.009360	−0.125%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDTlong	+0.0392%	4h	0.009372	long leg	$1.2M	$404K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0612%	4h	0.009378	+0.068%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0854%	4h	0.009363	−0.096%	—	$2.3M	—	as long as short
Bybit SAHARAUSDT	+0.0916%	4h	0.009372	0.000%	$1.9M	$1.2M	20x	as long as short