Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.019%

Price spread now: Gate against BingX−0.011%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1971.966% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.011%, 7d avg −0.038%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.027% dearer against BingX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.038%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.019% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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	0.009391	0.0432	pay 0.0216% / 4h	2h 05m	—	$2.3M	—
Short	Gate SAHARA_USDT	0.009390	0.0100	get 0.0100% / 8h	2h 05m	$211K	$48K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$69.72
Price spread: −0.011% → −0.038%: $2.72
Slippage, 4 orders: −$171.56
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$263.56
Costs to cover: 1.966%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Gate: live order book, 11 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, 13 min ago	3.18 bp	23.7 bp −$24	73.8 bp −$738	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	10.60 bp	81.5 bp −$82	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	0.009383	−0.081%	$4.3M	$4.8M	25x	as long as short
Bybit SAHARAUSDT	+0.0100%	4h	0.009389	−0.021%	$1.8M	$1.2M	20x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009392	+0.011%	$976K	$1.1M	20x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009390	−0.011%	$211K	$48K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009378	−0.138%	$1.4M	$197K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009380	−0.117%	$271K	$51K	25x	as long as short
Variational Omni SAHARA	+0.0100%	4h	0.009397	+0.059%	$22K	$14K	—	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009396	+0.055%	$140K	$2.3M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009390	−0.011%	$22K	$246K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009382	−0.095%	$2K	$216K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0179%	4h	0.009391	0.000%	$62K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0424%	4h	0.009399	+0.085%	$1.2M	$380K	25x	as long as short
BingX SAHARA-USDTlong	+0.0432%	4h	0.009391	long leg	—	$2.3M	—