Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.018%

Price spread now: Bybit against Gate−0.042%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1591.591% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.042%, 7d avg +0.063%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.105% cheaper against Gate than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.063%). If the spread goes back, that is −$11 on $10k: about 20 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.018% in total) that is about 41 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% 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	Gate SAHARA_USDT	0.009450	0.0100	pay 0.0100% / 8h	7h 27m	$214K	$44K	25x
Short	Bybit SAHARAUSDT	0.009446	0.0521	get 0.0260% / 4h	3h 27m	$1.9M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $88.32
Price spread: −0.042% → +0.063%: −$10.52
Slippage, 4 orders: −$133.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$81.27
Costs to cover: 1.591%
Break-even: 13.4 days

Slippage from Gate: live order book, 39 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 Gate live order book, 39 min ago	5.30 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.18 bp	22.3 bp −$22	146.2 bp −$1,462	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	0.009432	−0.193%	$4.4M	$4.9M	25x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009445	−0.053%	$983K	$1.0M	20x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009450	long leg	$214K	$44K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009432	−0.190%	$1.4M	$221K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009440	−0.106%	$276K	$51K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009422	−0.292%	$145K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009410	−0.423%	$21K	$257K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009431	−0.199%	$521	$211K	5x	as long as short
Aster SAHARAUSDT	+0.0310%	4h	0.009447	−0.028%	$62K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0378%	4h	0.009443	−0.074%	$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-USDT	+0.0413%	4h	0.009437	−0.138%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0484%	4h	0.009439	−0.116%	$22K	$12K	—	as long as short
Bybit SAHARAUSDTshort	+0.0521%	4h	0.009446	−0.042%	$1.9M	$1.2M	20x