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 −0.002%

Price spread now: Aster against Binance+0.171%7-day average −0.031% · 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−$95as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.171%, 7d avg −0.031%

Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: Aster is 0.202% dearer against Binance than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03891	0.0100	pay 0.0050% / 4h	1h 44m	$19.3M	$142.5M	20x
Short	Aster SAGAUSDT	0.03898	0.0100	get 0.0050% / 4h	1h 44m	$74K	$963K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → −0.031%: $20.18
Slippage, 4 orders: −$97.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.42
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Aster: live order book, 34 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 Binance live order book, 14 min ago	1.31 bp	21.6 bp −$22	148.2 bp −$1,482	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	17.87 bp	35.2 bp −$35	264.3 bp −$2,643	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	0.03881	−0.257%	$49K	$440K	25x	as long as short
BloFin SAGA-USDT	+0.0083%	4h	0.03928	+0.951%	$973K	$461K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03881	−0.257%	$2.2M	$342K	3x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03898	+0.171%	$74K	$963K	5x
Binance SAGAUSDTlong	+0.0100%	4h	0.03891	long leg	$19.3M	$142.5M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03888	−0.075%	$3.7M	$19.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03900	+0.231%	$6.0M	$9.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03889	−0.051%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03902	+0.283%	$875K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03903	+0.308%	—	$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 SAGA	+0.0100%	4h	0.03933	+1.075%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03892	+0.032%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0185%	1h	0.03887	−0.096%	$71K	$729K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0779%	1h	0.03892	+0.026%	$3K	$28	10x	as long as short