Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance−0.106%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1061.064% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now −0.106%, 7d avg −0.121%
=The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAGAUSDT | 0.04110 | 0.0100 | pay 0.0050% / 4h | 41m 13s | $20.1M | $100.3M | 20x |
| Short | BloFin SAGA-USDT | 0.04106 | 0.0076 | get 0.0038% / 4h | 41m 13s | $1.0M | $282K | 20x |
Binance SAGAUSDT
BloFin SAGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.09
- Price spread: −0.106% → −0.121%
- $1.49
- Slippage, 4 orders
- −$84.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.05
- Costs to cover
- 1.064%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago | 1.22 bp | 21.5 bp −$22 | 125.8 bp −$1,258 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 6.07 bp | 35.1 bp −$35 | 114.2 bp −$1,142 | 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_SAGAUSD | −0.0421% | 1h | 0.04105 | −0.118% | $76K | $553K | 20x | as long as short |
| KuCoin SAGAUSDTM | −0.0052% | 4h | 0.04118 | +0.186% | $839K | $2.7M | 20x | as long as short |
| BloFin SAGA-USDTshort | +0.0076% | 4h | 0.04106 | −0.106% | $1.0M | $282K | 20x | |
| Hyperliquid SAGA | +0.0100% | 1h | 0.04114 | +0.089% | $2.3M | $260K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04111 | +0.007% | $58K | $710K | 5x | as long as short |
| Binance SAGAUSDTlong | +0.0100% | 4h | 0.04110 | long leg | $20.1M | $100.3M | 20x | |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.04108 | −0.055% | $4.0M | $15.5M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.04131 | +0.502% | $6.2M | $7.5M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04108 | −0.057% | $2.7M | $4.4M | 50x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.04118 | +0.186% | — | $2.0M | — | as long as short |
Kraken Futures PF_SAGAUSD
KuCoin SAGAUSDTM
Hyperliquid SAGA
Aster SAGAUSDT
Bybit SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
BingX SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0100% | 4h | 0.04051 | −1.446% | $4K | $43K | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.04112 | +0.037% | $2K | $182K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0448% | 1h | 0.04121 | +0.259% | $43K | $392K | 25x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.0967% | 1h | 0.04112 | +0.040% | $3K | $124 | 10x | as long as short |
Variational Omni SAGA
Extended SAGA-USD
Coinbase International SAGA-PERP-INTX
Deribit SAGA_USDC-PERPETUAL