Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0382%/8h= −41.8% APRpaid last 24h −0.036%

Price spread now: Gate against Bitget−0.107%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1891.887% of the position

Long on Bitget Short on Gate

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)−0.023%−$2 · spread now −0.107%, 7d avg −0.084%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.022% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.084%). 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	0.009380	0.0482	pay 0.0241% / 4h	2h 03m	$1.2M	$415K	25x
Short	Gate SAHARA_USDT	0.009370	0.0100	get 0.0100% / 8h	6h 03m	$193K	$57K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.107%Rate

Funding earned: −$80.22
Price spread: −0.107% → −0.084%: −$2.22
Slippage, 4 orders: −$161.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$271.18
Costs to cover: 1.887%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 58 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, 3 min ago	6.93 bp	27.7 bp −$28	292.5 bp −$2,925	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	5.33 bp	81.1 bp −$81	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	0.009369	−0.117%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009370	−0.107%	$193K	$57K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009371	−0.096%	$1.5M	$232K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009350	−0.320%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009370	−0.107%	$140K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009350	−0.320%	$19K	$259K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009368	−0.123%	$2K	$215K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0240%	4h	0.009377	−0.032%	$981K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0481%	4h	0.009357	−0.240%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDTlong	+0.0482%	4h	0.009380	long leg	$1.2M	$415K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAHARA-USDT	+0.0620%	4h	0.009376	−0.043%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0720%	4h	0.009375	−0.055%	$22K	$12K	—	as long as short
Bybit SAHARAUSDT	+0.0795%	4h	0.009380	0.000%	$2.0M	$1.3M	20x	as long as short