Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0686%/8h= +75.1% APRpaid last 24h +0.034%

Price spread now: BingX against ApeX Omni+0.245%68s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.070% of the position

Long on ApeX Omni 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)−0.446%−$45 · spread now +0.245%, 7d avg +0.043%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BingX is 0.202% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

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	ApeX Omni SAHARAUSDT	0.009370	0.0100	pay 0.0013% / 1h	18m 23s	$18K	$262K	50x
Short	BingX SAHARA-USDT	0.009393	0.0786	get 0.0393% / 4h	2h 18m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $144.06
Price spread: +0.245% → +0.043%: $20.23
Slippage, 4 orders: −$86.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $57.31
Costs to cover: 1.070%
Break-even: 4.2 days

Slippage from ApeX Omni: live order book, 48 min ago; BingX: live order book, 10 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 ApeX Omni live order book, 48 min ago	15.91 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	2.66 bp	18.4 bp −$18	52.4 bp −$524	1022.5 bp −$102.3K	1377.2 bp −$688.6K

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	0.009385	+0.164%	$4.4M	$5.0M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009370	0.000%	$194K	$56K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009376	+0.064%	$1.5M	$231K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009370	0.000%	$272K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009380	+0.107%	$141K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDTlong	+0.0100%	1h	0.009370	long leg	$18K	$262K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009378	+0.091%	$107	$213K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0173%	4h	0.009401	+0.331%	$982K	$1.0M	20x	as long as short
Bitget SAHARAUSDT	+0.0432%	4h	0.009394	+0.256%	$1.2M	$419K	25x	as long as short
Aster SAHARAUSDT	+0.0433%	4h	0.009371	+0.012%	$61K	$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	+0.0694%	4h	0.009377	+0.078%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0732%	4h	0.009383	+0.139%	$2.0M	$1.3M	20x	as long as short
BingX SAHARA-USDTshort	+0.0786%	4h	0.009393	+0.245%	—	$2.3M	—