Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h −0.059%

Price spread now: Gate against Bybit−0.149%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1621.618% of the position

Long on Bybit Short on Gate

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)+0.023%+$2 · spread now −0.149%, 7d avg −0.065%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.084% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

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	Bybit SAHARAUSDT	0.009394	0.0294	pay 0.0147% / 4h	8m 02s	$1.9M	$1.4M	20x
Short	Gate SAHARA_USDT	0.009380	0.0100	get 0.0100% / 8h	8m 02s	$187K	$62K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.149%Rate

Funding earned: −$40.71
Price spread: −0.149% → −0.065%: −$8.44
Slippage, 4 orders: −$135.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$211
Costs to cover: 1.618%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 23 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 Bybit live order book, 3 min ago	3.72 bp	24.1 bp −$24	147.6 bp −$1,476	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	10.66 bp	52.8 bp −$53	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	0.009382	−0.128%	$4.5M	$4.8M	25x	as long as short
OKX SAHARA-USDT-SWAP	+0.0100%	4h	0.009386	−0.085%	$995K	$1.1M	20x	as long as short
Gate SAHARA_USDTshort	+0.0100%	8h	0.009380	−0.149%	$187K	$62K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009384	−0.106%	$1.5M	$238K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009380	−0.149%	$277K	$50K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009402	+0.087%	$148K	$3.3M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009400	+0.064%	$20K	$254K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009379	−0.155%	$3K	$196K	5x	as long as short
Bybit SAHARAUSDTlong	+0.0294%	4h	0.009394	long leg	$1.9M	$1.4M	20x
Variational Omni SAHARA	+0.0376%	4h	0.009406	+0.126%	$22K	$12K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SAHARAUSDT	+0.0634%	4h	0.009389	−0.054%	$62K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0726%	4h	0.009397	+0.032%	$1.2M	$372K	25x	as long as short
BingX SAHARA-USDT	+0.0730%	4h	0.009389	−0.053%	—	$2.3M	—	as long as short