Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0754%/8h= −82.6% APRpaid last 24h −0.034%

Price spread now: ApeX Omni against BingX+0.182%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.182%, 7d avg −0.044%

Together, before fees−0.267%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.226% dearer against BingX than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.044%): +$23 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.034% in total) that is about 47 days.

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	BingX SAHARA-USDT	0.009363	0.0854	pay 0.0427% / 4h	3h 00m	—	$2.3M	—
Short	ApeX Omni SAHARAUSDT	0.009380	0.0100	get 0.0013% / 1h	0m 50s	$21K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.182%Rate

Funding earned: −$158.34
Price spread: +0.182% → −0.044%: $22.6
Slippage, 4 orders: −$95.08
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$250.82
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; ApeX Omni: live order book, 6 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 BingX live order book, 2 min ago	3.73 bp	20.8 bp −$21	56.4 bp −$564	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	15.91 bp	36.7 bp −$37	doesn't fit	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	0.009357	−0.069%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009360	−0.032%	$195K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009354	−0.096%	$1.5M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009370	+0.075%	$273K	$51K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009436	+0.778%	$143K	$2.4M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009380	+0.182%	$21K	$257K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009354	−0.100%	$2K	$219K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0121%	4h	0.009366	+0.032%	$969K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0345%	4h	0.009364	+0.009%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0392%	4h	0.009370	+0.075%	$1.2M	$402K	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	+0.0612%	4h	0.009378	+0.164%	$22K	$12K	—	as long as short
BingX SAHARA-USDTlong	+0.0854%	4h	0.009363	long leg	—	$2.3M	—
Bybit SAHARAUSDT	+0.0916%	4h	0.009364	+0.011%	$1.9M	$1.2M	20x	as long as short