Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against Binance+0.286%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1361.355% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.286%, 7d avg +0.021%

Together, before fees−0.337%+ Points / potential airdropExtended: Active · farm board−$34 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: Extended is 0.265% dearer against Binance than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03936	0.0100	pay 0.0050% / 4h	1h 41m	$19.5M	$107.3M	20x
Short	Extended SAGA-USD	0.03947	0.0104	get 0.0013% / 1h	41m 13s	$5K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.286%Rate

Funding earned: $0.84
Price spread: +0.286% → +0.021%: $26.51
Slippage, 4 orders: −$120.51
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$108.16
Costs to cover: 1.355%
Break-even: 908.4 days

Slippage from Binance: live order book, 2 min ago; Extended: live order book, 19 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	1.26 bp	23.2 bp −$23	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	7.03 bp	45.6 bp −$46	308.9 bp −$3,089	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
Hyperliquid SAGA	−0.0206%	1h	0.03944	+0.210%	$2.2M	$281K	3x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.04001	+1.659%	$46K	$397K	25x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03948	+0.302%	$70K	$801K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03936	long leg	$19.5M	$107.3M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03933	−0.059%	$3.9M	$14.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03959	+0.592%	$6.1M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03931	−0.120%	$2.6M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03951	+0.388%	$785K	$2.7M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03945	+0.236%	—	$2.0M	—	as long as short
Extended SAGA-USDshort	+0.0104%	1h	0.03947	+0.286%	$5K	$130K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0131%	4h	0.03959	+0.587%	$4K	$53K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0132%	1h	0.03945	+0.227%	$70K	$645K	20x	as long as short
BloFin SAGA-USDT	+0.0159%	4h	0.03954	+0.464%	$1.0M	$240K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1018%	1h	0.03948	+0.312%	$3K	$28	10x	as long as short