Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0265%/8h= −29.1% APRpaid last 24h +0.001%

Price spread now: Extended against OKX−0.139%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1311.314% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.139%, 7d avg −0.082%

Together, before fees−0.027%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% 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	OKX SAHARA-USDT-SWAP	0.009356	0.0369	pay 0.0185% / 4h	1h 03m	$974K	$1.1M	20x
Short	Extended SAHARA-USD	0.009343	0.0104	get 0.0013% / 1h	3m 12s	$1K	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$55.73
Price spread: −0.139% → −0.082%: −$5.66
Slippage, 4 orders: −$116.36
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$192.75
Costs to cover: 1.314%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 58 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 OKX live order book, 3 min ago	2.67 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 58 min ago	1.60 bp	39.7 bp −$40	251.3 bp −$2,513	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	0.009345	−0.118%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009330	−0.278%	$191K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009343	−0.139%	$1.4M	$237K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009330	−0.278%	$273K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009374	+0.188%	$143K	$2.6M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009350	−0.064%	$19K	$256K	50x	as long as short
Extended SAHARA-USDshort	+0.0104%	1h	0.009343	−0.139%	$1K	$215K	5x
OKX SAHARA-USDT-SWAPlong	+0.0369%	4h	0.009356	long leg	$974K	$1.1M	20x
Aster SAHARAUSDT	+0.0562%	4h	0.009332	−0.253%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0648%	4h	0.009361	+0.053%	$1.2M	$396K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAHARAUSDT	+0.0712%	4h	0.009348	−0.086%	$1.9M	$1.3M	20x	as long as short
BingX SAHARA-USDT	+0.0736%	4h	0.009344	−0.128%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0750%	4h	0.009364	+0.082%	$22K	$12K	—	as long as short