Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.021%

Price spread now: Bitget against Gate+0.170%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1931.932% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.170%, 7d avg +0.083%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.087% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.083%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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	0.009400	0.0100	pay 0.0100% / 8h	22m 49s	$212K	$47K	25x
Short	Bitget SAHARAUSDT	0.009416	0.0358	get 0.0179% / 4h	22m 49s	$1.2M	$406K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.170%Rate

Funding earned: $54.18
Price spread: +0.170% → +0.083%: $8.69
Slippage, 4 orders: −$166.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.31
Costs to cover: 1.932%
Break-even: 23.8 days

Slippage from Gate: live order book, 48 min ago; Bitget: live order book, 3 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, 48 min ago	5.30 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.37 bp	23.2 bp −$23	243.5 bp −$2,435	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	0.009397	−0.037%	$4.4M	$4.9M	25x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009406	+0.064%	$981K	$1.1M	20x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009400	long leg	$212K	$47K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009395	−0.053%	$1.4M	$223K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009390	−0.106%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009400	0.000%	$143K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009380	−0.213%	$19K	$257K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009394	−0.063%	$2K	$216K	5x	as long as short
Aster SAHARAUSDT	+0.0246%	4h	0.009399	−0.014%	$62K	$19K	5x	as long as short
Bybit SAHARAUSDT	+0.0286%	4h	0.009406	+0.064%	$1.9M	$1.2M	20x	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	+0.0313%	4h	0.009412	+0.127%	$22K	$12K	—	as long as short
Bitget SAHARAUSDTshort	+0.0358%	4h	0.009416	+0.170%	$1.2M	$406K	25x
BingX SAHARA-USDT	+0.0365%	4h	0.009404	+0.043%	—	$2.3M	—	as long as short