Funding arb · Price arb /

SAHARA

all SAHARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0612%/8h= −67.0% APRpaid last 24h −0.068%

Price spread now: ApeX Omni against Variational Omni−0.424%58s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and ApeX Omni is 0.424% cheaper against Variational Omni than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SAHARA	0.009390	0.0712	pay 0.0356% / 4h	2h 06m	$22K	$12K	—
Short	ApeX Omni SAHARAUSDT	0.009350	0.0100	get 0.0013% / 1h	6m 30s	$18K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.424%Rate

Funding earned: −$128.45
Price spread: −0.424% → 0.000%: −$42.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$180.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; ApeX Omni: live order book, 40 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 40 min ago	16.03 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.009400	+0.113%	$4.5M	$4.9M	25x	as long as short
Gate SAHARA_USDT	+0.0100%	8h	0.009400	+0.108%	$188K	$60K	25x	as long as short
MEXC SAHARA_USDT	+0.0100%	4h	0.009399	+0.097%	$1.5M	$247K	20x	as long as short
KuCoin SAHARAUSDTM	+0.0100%	4h	0.009400	+0.108%	$274K	$52K	25x	as long as short
GRVT SAHARA_USDT_Perp	+0.0100%	4h	0.009380	−0.105%	$139K	$3.1M	10x	as long as short
ApeX Omni SAHARAUSDTshort	+0.0100%	1h	0.009350	−0.424%	$18K	$258K	50x
Extended SAHARA-USD	+0.0104%	1h	0.009398	+0.082%	$2K	$316K	5x	as long as short
OKX SAHARA-USDT-SWAP	+0.0262%	4h	0.009410	+0.215%	$997K	$1.1M	20x	as long as short
Aster SAHARAUSDT	+0.0661%	4h	0.009393	+0.037%	$62K	$19K	5x	as long as short
Bybit SAHARAUSDT	+0.0665%	4h	0.009410	+0.215%	$1.9M	$1.4M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAHARAlong	+0.0712%	4h	0.009390	long leg	$22K	$12K	—
BingX SAHARA-USDT	+0.0874%	4h	0.009409	+0.204%	—	$2.3M	—	as long as short
Bitget SAHARAUSDT	+0.0922%	4h	0.009420	+0.321%	$1.2M	$384K	25x	as long as short