Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1026%/8h= +112.4% APRpaid last 24h +0.059%

Price spread now: Bybit against ApeX Omni+0.310%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$1091.086% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.310%, 7d avg +0.078%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Bybit is 0.232% dearer against ApeX Omni than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.078%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% 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	ApeX Omni SAHARAUSDT	0.009350	0.0100	pay 0.0013% / 1h	44m 53s	$16K	$258K	50x
Short	Bybit SAHARAUSDT	0.009379	0.1126	get 0.0563% / 4h	3h 44m	$1.9M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.310%Rate

Funding earned: $215.56
Price spread: +0.310% → +0.078%: $23.24
Slippage, 4 orders: −$87.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $130.2
Costs to cover: 1.086%
Break-even: 2.8 days

Slippage from ApeX Omni: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago	10.64 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.67 bp	22.3 bp −$22	138.7 bp −$1,387	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	0.009375	+0.267%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009360	+0.107%	$192K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009375	+0.267%	$1.5M	$236K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009350	0.000%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009385	+0.376%	$148K	$2.8M	10x	as long as short
ApeX Omni SAHARAUSDTlong	+0.0100%	1h	0.009350	long leg	$16K	$258K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009373	+0.249%	$219	$219K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0466%	4h	0.009380	+0.321%	$993K	$1.1M	20x	as long as short
Aster SAHARAUSDT	+0.0659%	4h	0.009364	+0.154%	$61K	$18K	5x	as long as short
Bitget SAHARAUSDT	+0.0908%	4h	0.009391	+0.439%	$1.2M	$390K	25x	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	+0.0978%	4h	0.009359	+0.095%	$22K	$12K	—	as long as short
Bybit SAHARAUSDTshort	+0.1126%	4h	0.009379	+0.310%	$1.9M	$1.4M	20x
BingX SAHARA-USDT	+0.1256%	4h	0.009361	+0.118%	—	$2.3M	—	as long as short