SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.057%

Price spread now: Bybit against Binance+0.664%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$1241.243% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.535%−$54 · spread now +0.664%, 7d avg +0.079%

Together, before fees−0.494%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.585% dearer against Binance than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.04004	0.0100	pay 0.0050% / 4h	53m 05s	$19.5M	$100.9M	20x
Short	Bybit SAGAUSDT	0.04031	0.0171	get 0.0086% / 4h	53m 05s	$3.9M	$15.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.664%Rate

Funding earned: $14.99
Price spread: +0.664% → +0.079%: $58.49
Slippage, 4 orders: −$103.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.83
Costs to cover: 1.243%
Break-even: 30.7 days

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, just now.

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, 5 min ago	2.50 bp	19.3 bp −$19	140.7 bp −$1,407	doesn't fit	doesn't fit
Sell Bybit live order book, just now	0.13 bp	39.8 bp −$40	165.9 bp −$1,659	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	−0.0432%	1h	0.04000	−0.110%	$72K	$562K	20x	as long as short
KuCoin SAGAUSDTM	−0.0034%	4h	0.04000	−0.100%	$818K	$2.7M	20x	as long as short
BloFin SAGA-USDT	+0.0053%	4h	0.03999	−0.125%	$1.0M	$273K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03991	−0.325%	$2.2M	$262K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04006	+0.049%	$56K	$712K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.04004	long leg	$19.5M	$100.9M	20x
Gate SAGA_USDT	+0.0100%	4h	0.04017	+0.325%	$6.0M	$7.4M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03997	−0.175%	$2.7M	$4.4M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04003	−0.025%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03990	−0.346%	$6K	$41K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03994	−0.253%	$2K	$178K	5x	as long as short
Bybit SAGAUSDTshort	+0.0171%	4h	0.04031	+0.664%	$3.9M	$15.4M	20x
Coinbase International SAGA-PERP-INTX	+0.0448%	1h	0.04002	−0.050%	$41K	$381K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0752%	1h	0.03997	−0.175%	$3K	—	10x	as long as short