SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Aster−0.168%7-day average −0.080% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1241.244% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−1.255%−$126 · spread now −0.168%, 7d avg −0.080%

Together, before fees−1.293%+ Points / potential airdropAster: Stage 5 · farm board−$129 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.087% cheaper against Aster than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.080%). If the spread goes back, that is −$9 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03988	0.0100	pay 0.0050% / 4h	2h 34m	$66K	$982K	5x
Short	BloFin SAGA-USDT	0.03981	0.0120	get 0.0060% / 4h	2h 34m	$1.0M	$524K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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 AsterbpFee BloFinbpOrdersPrice spread, now −0.168%Rate

Funding earned: $4.13
Price spread: −0.168% → −0.080%: −$8.73
Slippage, 4 orders: −$104.39
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$128.99
Costs to cover: 1.244%
Break-even: 225.7 days

Slippage from Aster: live order book, 48 min ago; BloFin: live order book, 3 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, 48 min ago	13.34 bp	32.2 bp −$32	231.6 bp −$2,316	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.25 bp	15.2 bp −$15	76.3 bp −$763	doesn't fit	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
Hyperliquid SAGA	−0.0909%	1h	0.03980	−0.193%	$2.2M	$344K	3x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0288%	1h	0.03971	−0.418%	$51K	$446K	25x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03988	long leg	$66K	$982K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03994	+0.158%	$19.9M	$148.0M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03995	+0.191%	$3.9M	$20.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04000	+0.309%	$6.1M	$9.4M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03993	+0.133%	$2.8M	$6.7M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03999	+0.284%	$911K	$3.2M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03987	−0.017%	—	$2.3M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03988	+0.020%	$3K	$159K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDTshort	+0.0120%	4h	0.03981	−0.168%	$1.0M	$524K	20x
Variational Omni SAGA	+0.0136%	4h	0.04013	+0.644%	$6K	$113K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0756%	1h	0.03981	−0.168%	$3K	$28	10x	as long as short
Kraken Futures PF_SAGAUSD	+0.0932%	1h	0.03985	−0.078%	$81K	$724K	20x	as long as short