Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0519%/8h= +56.9% APRpaid last 24h +0.057%

Price spread now: Bybit against Extended+0.082%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1191.189% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.082%, 7d avg +0.093%

Together, before fees+0.099%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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	Extended SAHARA-USD	0.009398	0.0104	pay 0.0013% / 1h	2m 54s	$2K	$316K	5x
Short	Bybit SAHARAUSDT	0.009406	0.0623	get 0.0312% / 4h	2h 02m	$1.9M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.082%Rate

Funding earned: $109.07
Price spread: +0.082% → +0.093%: −$1.06
Slippage, 4 orders: −$102.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.93
Costs to cover: 1.189%
Break-even: 7.7 days

Slippage from Extended: live order book, 45 min ago; Bybit: live order book, 4 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 Extended live order book, 45 min ago	2.14 bp	40.7 bp −$41	248.5 bp −$2,485	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.25 bp	21.6 bp −$22	141.4 bp −$1,414	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	0.009401	+0.029%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009400	+0.018%	$188K	$60K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009400	+0.018%	$1.5M	$247K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009400	+0.018%	$274K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009407	+0.091%	$146K	$3.1M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009390	−0.088%	$20K	$258K	50x	as long as short
Extended SAHARA-USDlong	+0.0104%	1h	0.009398	long leg	$2K	$316K	5x
OKX SAHARA-USDT-SWAP	+0.0266%	4h	0.009410	+0.125%	$996K	$1.1M	20x	as long as short
Bybit SAHARAUSDTshort	+0.0623%	4h	0.009406	+0.082%	$1.9M	$1.4M	20x
Aster SAHARAUSDT	+0.0660%	4h	0.009393	−0.059%	$62K	$19K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0761%	4h	0.009411	+0.139%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0877%	4h	0.009408	+0.104%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0926%	4h	0.009420	+0.231%	$1.2M	$383K	25x	as long as short