Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.085%

Price spread now: KuCoin against Aster+0.045%7-day average −0.015% · 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−$278as in the Price arb table

costs, in and out, $10k−$2842.842% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.045%, 7d avg −0.015%

Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: KuCoin is 0.060% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03909	0.0100	pay 0.0050% / 4h	2h 24m	$70K	$834K	5x
Short	KuCoin SAGAUSDTM	0.03911	0.0100	get 0.0050% / 4h	2h 24m	$773K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.015%: $6.03
Slippage, 4 orders: −$264.21
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$278.19
Costs to cover: 2.842%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; KuCoin: live order book, 7 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	15.18 bp	29.6 bp −$30	208.9 bp −$2,089	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	16.67 bp	97.3 bp −$97	doesn't fit	doesn't fit	doesn't fit

SAGA 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
Hyperliquid SAGA	−0.0794%	1h	0.03891	−0.466%	$2.2M	$289K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0039%	1h	0.03907	−0.063%	$69K	$652K	20x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03909	long leg	$70K	$834K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03919	+0.250%	$19.4M	$113.7M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03919	+0.240%	$3.8M	$15.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03915	+0.148%	$6.0M	$8.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03913	+0.096%	$2.6M	$5.4M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.03911	+0.045%	$773K	$2.8M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03913	+0.096%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03917	+0.187%	$5K	$138K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03881	−0.722%	$45K	$402K	25x	as long as short
Variational Omni SAGA	+0.0132%	4h	0.03884	−0.649%	$4K	$73K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1286%	1h	0.03912	+0.071%	$3K	$28	10x	as long as short