Funding arb · Price arb /

SAGA

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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 +0.297%

Price spread now: Gate against Aster+0.428%7-day average +0.216% · 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−$253as in the Price arb table

costs, in and out, $10k−$2742.743% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.698%+$70 on $10k

Price spread, last 4 days (all we have)−0.550%−$55 · spread now +0.428%, 7d avg +0.216%

Together, before fees+0.148%+ Points / potential airdropAster: Stage 5 · farm board+$15 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: Gate is 0.212% dearer against Aster than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03973	0.0100	pay 0.0050% / 4h	2h 41m	$67K	$981K	5x
Short	Gate SAGA_USDT	0.03990	0.0100	get 0.0050% / 4h	2h 41m	$6.1M	$9.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.428%Rate

Funding earned: $0
Price spread: +0.428% → +0.216%: $21.15
Slippage, 4 orders: −$251.28
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$253.13
Costs to cover: 2.743%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Gate: live order book, 2 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, 42 min ago	13.34 bp	32.2 bp −$32	231.6 bp −$2,316	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	11.36 bp	82.6 bp −$83	doesn't fit	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	−0.1414%	1h	0.03964	−0.227%	$2.2M	$344K	3x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0288%	1h	0.03991	+0.453%	$52K	$449K	25x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03973	long leg	$67K	$981K	5x
Binance SAGAUSDT	+0.0100%	4h	0.04000	+0.687%	$20.0M	$148.3M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04005	+0.815%	$3.9M	$20.9M	20x	as long as short
Gate SAGA_USDTshort	+0.0100%	4h	0.03990	+0.428%	$6.1M	$9.4M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.04002	+0.730%	$2.9M	$6.7M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03997	+0.604%	$910K	$3.2M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03993	+0.503%	—	$2.3M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03992	+0.469%	$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-USDT	+0.0158%	4h	0.04001	+0.704%	$1.0M	$528K	20x	as long as short
Variational Omni SAGA	+0.0235%	4h	0.04049	+1.919%	$6K	$114K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0929%	1h	0.03998	+0.634%	$81K	$724K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1251%	1h	0.04003	+0.755%	$3K	$28	10x	as long as short