Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against Aster+0.111%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.111%, 7d avg +0.031%

Together, before fees−0.235%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.080% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03823	0.0100	pay 0.0050% / 4h	1h 51m	$69K	$956K	5x
Short	Binance SAGAUSDT	0.03827	0.0100	get 0.0050% / 4h	1h 51m	$19.0M	$142.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.031%: $8
Slippage, 4 orders: −$97.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.59
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from Aster: live order book, 26 min ago; Binance: live order book, 6 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 Aster live order book, 26 min ago	17.87 bp	33.7 bp −$34	262.4 bp −$2,624	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.31 bp	25.1 bp −$25	127.7 bp −$1,277	614.1 bp −$61.4K	doesn't fit

SAGA on 14 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
Coinbase International SAGA-PERP-INTX	−0.0168%	1h	0.03842	+0.497%	$49K	$435K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03816	−0.183%	$2.1M	$344K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03823	long leg	$69K	$956K	5x
Binance SAGAUSDTshort	+0.0100%	4h	0.03827	+0.111%	$19.0M	$142.9M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03827	+0.102%	$3.7M	$19.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03831	+0.209%	$5.9M	$9.2M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03826	+0.078%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03827	+0.105%	$857K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03827	+0.105%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03826	+0.086%	$6K	$112K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDT	+0.0103%	4h	0.03813	−0.262%	$975K	$463K	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03827	+0.095%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0188%	1h	0.03813	−0.260%	$76K	$721K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0798%	1h	0.03822	−0.026%	$3K	$28	10x	as long as short