Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.036%

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

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

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

Long on Gate Short on Bitget

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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.084%.

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	Gate SAHARA_USDT	0.009370	0.0100	pay 0.0100% / 8h	6h 01m	$193K	$57K	25x
Short	Bitget SAHARAUSDT	0.009380	0.0490	get 0.0245% / 4h	2h 01m	$1.2M	$410K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.107%Rate

Funding earned: $81.9
Price spread: +0.107% → +0.084%: $2.24
Slippage, 4 orders: −$161.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.6
Costs to cover: 1.887%
Break-even: 15.9 days

Slippage from Gate: live order book, 60 min ago; Bitget: live order book, 5 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 Gate live order book, 60 min ago	5.33 bp	55.5 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.93 bp	24.4 bp −$24	222.3 bp −$2,223	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	0.009362	−0.085%	$4.4M	$4.9M	25x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009370	long leg	$193K	$57K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009359	−0.117%	$1.4M	$232K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009360	−0.107%	$273K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009370	+0.002%	$140K	$2.5M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009350	−0.213%	$19K	$259K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009359	−0.121%	$2K	$215K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0252%	4h	0.009373	+0.032%	$981K	$1.0M	20x	as long as short
Aster SAHARAUSDT	+0.0483%	4h	0.009351	−0.208%	$61K	$19K	5x	as long as short
Bitget SAHARAUSDTshort	+0.0490%	4h	0.009380	+0.107%	$1.2M	$410K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARA	+0.0720%	4h	0.009375	+0.052%	$22K	$12K	—	as long as short
BingX SAHARA-USDT	+0.0730%	4h	0.009368	−0.021%	—	$2.3M	—	as long as short
Bybit SAHARAUSDT	+0.0788%	4h	0.009368	−0.021%	$2.0M	$1.3M	20x	as long as short