Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h −0.036%

Price spread now: ApeX Omni against Bitget−0.213%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1251.254% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.213%, 7d avg −0.092%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.121% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	Bitget SAHARAUSDT	0.009390	0.0610	pay 0.0305% / 4h	1h 29m	$1.2M	$396K	25x
Short	ApeX Omni SAHARAUSDT	0.009370	0.0100	get 0.0013% / 1h	29m 37s	$19K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.213%Rate

Funding earned: −$107.1
Price spread: −0.213% → −0.092%: −$12.13
Slippage, 4 orders: −$103.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$244.67
Costs to cover: 1.254%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 32 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 Bitget live order book, 2 min ago	5.85 bp	24.3 bp −$24	294.3 bp −$2,943	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	10.67 bp	40.4 bp −$40	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	0.009378	−0.128%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009380	−0.106%	$193K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009379	−0.117%	$1.5M	$230K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009370	−0.213%	$274K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009383	−0.073%	$138K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009370	−0.213%	$19K	$256K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009376	−0.148%	$3K	$215K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0356%	4h	0.009387	−0.032%	$985K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0563%	4h	0.009372	−0.196%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDTlong	+0.0610%	4h	0.009390	long leg	$1.2M	$396K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0765%	4h	0.009386	−0.042%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0771%	4h	0.009380	−0.106%	$1.9M	$1.3M	20x	as long as short
BingX SAHARA-USDT	+0.0772%	4h	0.009386	−0.043%	—	$2.3M	—	as long as short