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 +0.035%

Price spread now: Variational Omni against Aster+0.727%7-day average −0.073% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.727%, 7d avg −0.073%

Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$16 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: Variational Omni is 0.800% dearer against Aster than usual: you sell high and buy low, +$80 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03812	0.0100	pay 0.0050% / 4h	1h 55m	$69K	$973K	5x
Short	Variational Omni SAGA	0.03840	0.0100	get 0.0050% / 4h	1h 55m	$6K	$112K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.727%Rate

Funding earned: $0
Price spread: +0.727% → −0.073%: $80.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $72.03
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 22 min ago; Variational Omni: RFQ quote, 28 min ago. Net counts fees only.

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, 22 min ago	17.87 bp	33.7 bp −$34	262.4 bp −$2,624	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 28 min ago	5.01 bp	doesn't fit	122.8 bp −$1,228	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
Coinbase International SAGA-PERP-INTX	−0.0168%	1h	0.03850	+0.997%	$49K	$440K	25x	as long as short
BloFin SAGA-USDT	+0.0095%	4h	0.03830	+0.472%	$973K	$474K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03800	−0.315%	$2.1M	$344K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03812	long leg	$69K	$973K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03818	+0.158%	$18.9M	$143.8M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03818	+0.171%	$3.7M	$20.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03830	+0.472%	$5.9M	$9.2M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03816	+0.105%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03816	+0.105%	$854K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03822	+0.262%	—	$2.2M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGAshort	+0.0100%	4h	0.03840	+0.727%	$6K	$112K	—
Extended SAGA-USD	+0.0104%	1h	0.03819	+0.193%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0188%	1h	0.03820	+0.203%	$76K	$723K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0535%	1h	0.03823	+0.289%	$3K	$28	10x	as long as short