Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0803%/8h= −87.9% APRpaid last 24h −0.050%

Price spread now: Kraken Futures against Aster−0.282%7-day average −0.081% · 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−$242as in the Price arb table

costs, in and out, $10k−$2222.220% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−1.336%−$134 on $10k

Price spread, last 4 days (all we have)−0.870%−$87 · spread now −0.282%, 7d avg −0.081%

Together, before fees−2.207%+ Points / potential airdropAster: Stage 5 · farm board−$221 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Kraken Futures is 0.201% cheaper against Aster than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03966	0.0100	pay 0.0050% / 4h	3h 10m	$69K	$757K	5x
Short	Kraken Futures PF_SAGAUSD	0.03954	−0.0703	pay 0.0088% / 1h	10m 03s	$74K	$634K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.282%Rate

Funding earned: −$168.61
Price spread: −0.282% → −0.081%: −$20.11
Slippage, 4 orders: −$203.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$410.7
Costs to cover: 2.220%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Kraken Futures: live order book, 43 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, 38 min ago	21.20 bp	35.1 bp −$35	157.3 bp −$1,573	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 43 min ago	51.84 bp	82.4 bp −$82	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
Kraken Futures PF_SAGAUSDshort	−0.0703%	1h	0.03954	−0.282%	$74K	$634K	20x
BloFin SAGA-USDT	+0.0044%	4h	0.03953	−0.319%	$1.0M	$212K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03950	−0.394%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03966	long leg	$69K	$757K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03962	−0.083%	$19.5M	$98.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03970	+0.110%	$6.0M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03957	−0.218%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03963	−0.067%	$764K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03962	−0.099%	$4K	$201K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.04016	+1.270%	$45K	$385K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0557%	4h	0.03966	+0.016%	$4K	$45K	—	as long as short
BingX SAGA-USDT	+0.0878%	4h	0.03965	−0.016%	—	$2.0M	—	as long as short
Bybit SAGAUSDT	+0.0903%	4h	0.03960	−0.142%	$3.9M	$14.3M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1015%	1h	0.03958	−0.193%	$3K	$28	10x	as long as short