Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.034%

Price spread now: BingX against Gate+0.032%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1501.501% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.032%, 7d avg +0.037%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$10 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 0.034% in total (about 1.8% 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	Gate SAHARA_USDT	0.009440	0.0100	pay 0.0100% / 8h	7h 26m	$214K	$44K	25x
Short	BingX SAHARA-USDT	0.009443	0.0422	get 0.0211% / 4h	3h 26m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $67.62
Price spread: +0.032% → +0.037%: −$0.54
Slippage, 4 orders: −$125.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.99
Costs to cover: 1.501%
Break-even: 15.6 days

Slippage from Gate: live order book, 39 min ago; BingX: live order book, 7 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 Gate live order book, 39 min ago	5.30 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	3.72 bp	15.9 bp −$16	57.9 bp −$579	1062.0 bp −$106.2K	1407.6 bp −$703.8K

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	0.009436	−0.042%	$4.4M	$4.9M	25x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009448	+0.085%	$983K	$1.0M	20x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009440	long leg	$214K	$44K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009435	−0.053%	$1.4M	$221K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009440	0.000%	$276K	$51K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009422	−0.186%	$145K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009420	−0.212%	$21K	$258K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009434	−0.068%	$5K	$216K	5x	as long as short
Aster SAHARAUSDT	+0.0310%	4h	0.009441	+0.011%	$62K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0374%	4h	0.009444	+0.042%	$1.2M	$398K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAHARA-USDTshort	+0.0422%	4h	0.009443	+0.032%	—	$2.3M	—
Bybit SAHARAUSDT	+0.0439%	4h	0.009447	+0.074%	$1.9M	$1.2M	20x	as long as short
Variational Omni SAHARA	+0.0484%	4h	0.009439	−0.010%	$22K	$12K	—	as long as short