Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0316%/8h= +34.5% APRpaid last 24h +0.059%

Price spread now: Bybit against Gate−0.011%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1711.710% of the position

Long on Gate Short on Bybit

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)+0.131%+$13 · spread now −0.011%, 7d avg +0.063%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.063%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.059% in total) that is about 8.8 days.

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	Gate SAHARA_USDT	0.009370	0.0100	pay 0.0100% / 8h	1h 02m	$188K	$61K	25x
Short	Bybit SAHARAUSDT	0.009369	0.0416	get 0.0208% / 4h	1h 02m	$1.9M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.011%Rate

Funding earned: $66.26
Price spread: −0.011% → +0.063%: −$7.38
Slippage, 4 orders: −$145.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.13
Costs to cover: 1.710%
Break-even: 18.8 days

Slippage from Gate: live order book, 34 min ago; Bybit: live order book, 4 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, 34 min ago	5.35 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.79 bp	23.5 bp −$24	465.9 bp −$4,659	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	−0.069%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDTlong	+0.0100%	8h	0.009370	long leg	$188K	$61K	25x
MEXC SAHARA_USDT	+0.0100%	4h	0.009363	−0.075%	$1.5M	$246K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009360	−0.107%	$274K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009389	+0.205%	$143K	$3.2M	10x	as long as short
ApeX Omni SAHARAUSDT	+0.0100%	1h	0.009380	+0.107%	$20K	$256K	50x	as long as short
Extended SAHARA-USD	+0.0104%	1h	0.009361	−0.093%	$3K	$190K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0212%	4h	0.009371	+0.011%	$997K	$1.1M	20x	as long as short
Bybit SAHARAUSDTshort	+0.0416%	4h	0.009369	−0.011%	$1.9M	$1.4M	20x
Variational Omni SAHARA	+0.0573%	4h	0.009394	+0.255%	$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	+0.0668%	4h	0.009373	+0.036%	$61K	$19K	5x	as long as short
BingX SAHARA-USDT	+0.0792%	4h	0.009366	−0.043%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0820%	4h	0.009382	+0.128%	$1.2M	$378K	25x	as long as short