Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0618%/8h= +67.7% APRpaid last 24h +0.016%

Price spread now: Bybit against Extended+0.121%7-day average +0.094% · 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−$116as in the Price arb table

costs, in and out, $10k−$1181.185% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.121%, 7d avg +0.094%

Together, before fees+0.030%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bybit is 0.028% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.094%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% 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	Extended SAHARA-USD	0.009359	0.0104	pay 0.0013% / 1h	4m 40s	$1K	$215K	5x
Short	Bybit SAHARAUSDT	0.009370	0.0722	get 0.0361% / 4h	1h 04m	$1.9M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: $129.88
Price spread: +0.121% → +0.094%: $2.77
Slippage, 4 orders: −$102.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $14.17
Costs to cover: 1.185%
Break-even: 6.2 days

Slippage from Extended: live order book, 57 min ago; Bybit: live order book, 2 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 Extended live order book, 57 min ago	1.60 bp	32.4 bp −$32	233.7 bp −$2,337	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.80 bp	21.4 bp −$21	136.6 bp −$1,366	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	0.009364	+0.057%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009360	+0.015%	$192K	$57K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009363	+0.047%	$1.4M	$237K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009350	−0.092%	$274K	$53K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009392	+0.361%	$143K	$2.6M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009380	+0.228%	$19K	$255K	50x	as long as short
Extended SAHARA-USDlong	+0.0104%	1h	0.009359	long leg	$1K	$215K	5x
OKX SAHARA-USDT-SWAP	+0.0365%	4h	0.009374	+0.164%	$976K	$1.1M	20x	as long as short
Aster SAHARAUSDT	+0.0563%	4h	0.009360	+0.012%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDT	+0.0650%	4h	0.009381	+0.239%	$1.2M	$396K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAHARAUSDTshort	+0.0722%	4h	0.009370	+0.121%	$1.9M	$1.3M	20x
BingX SAHARA-USDT	+0.0736%	4h	0.009364	+0.057%	—	$2.3M	—	as long as short
Variational Omni SAHARA	+0.0750%	4h	0.009364	+0.054%	$22K	$12K	—	as long as short