Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.104%

Price spread now: Gate against Bitget−0.169%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1681.677% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.169%, 7d avg −0.093%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.076% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.093%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SAHARAUSDT	0.009446	0.0488	pay 0.0244% / 4h	1h 56m	$1.3M	$348K	25x
Short	Gate SAHARA_USDT	0.009430	0.0100	get 0.0100% / 8h	5h 56m	$193K	$56K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.169%Rate

Funding earned: −$81.48
Price spread: −0.169% → −0.093%: −$7.64
Slippage, 4 orders: −$140.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$256.82
Costs to cover: 1.677%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 50 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, 3 min ago	5.81 bp	27.4 bp −$27	261.3 bp −$2,613	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	5.30 bp	67.9 bp −$68	doesn't fit	doesn't fit	doesn't fit

SAHARA on 13 exchanges

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	0.009425	−0.223%	$4.5M	$4.8M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009432	−0.148%	$1.9M	$1.4M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009430	−0.169%	$1.0M	$1.1M	20x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009430	−0.169%	$193K	$56K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009424	−0.233%	$1.5M	$250K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009420	−0.275%	$285K	$43K	25x	as long as short
Variational Omni SAHARA	+0.0100%	4h	0.009449	+0.035%	$22K	$11K	—	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009441	−0.057%	$145K	$3.6M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009430	−0.169%	$20K	$251K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009419	−0.282%	$2K	$200K	5x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0453%	4h	0.009425	−0.222%	$62K	$15K	5x	as long as short
BingX SAHARA-USDT	+0.0460%	4h	0.009432	−0.148%	—	$2.3M	—	as long as short
Bitget SAHARAUSDTlong	+0.0488%	4h	0.009446	long leg	$1.3M	$348K	25x