Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.149%

Price spread now: Gate against Binance0.000%7-day average +0.193% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2162.163% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.864%+$86 on $10k

Price spread, last 7 days+0.150%+$15 · spread now 0.000%, 7d avg +0.193%

Together, before fees+1.013%+$101 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: Gate is 0.193% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.193%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03897	0.0100	pay 0.0050% / 4h	1h 17m	$19.3M	$104.6M	20x
Short	Gate SAGA_USDT	0.03897	0.0100	get 0.0050% / 4h	1h 17m	$6.0M	$7.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.193%: −$19.31
Slippage, 4 orders: −$191.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$235.64
Costs to cover: 2.163%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: 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, 11 min ago	1.28 bp	14.1 bp −$14	156.6 bp −$1,566	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.85 bp	96.8 bp −$97	600.0 bp −$6,000	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	+0.0064%	1h	0.03891	−0.154%	$45K	$380K	25x	as long as short
BloFin SAGA-USDT	+0.0074%	4h	0.03855	−1.078%	$994K	$216K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03886	−0.282%	$2.1M	$280K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03891	−0.154%	$69K	$789K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03897	long leg	$19.3M	$104.6M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03901	+0.108%	$3.8M	$14.4M	20x	as long as short
Gate SAGA_USDTshort	+0.0100%	4h	0.03897	0.000%	$6.0M	$7.9M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03891	−0.154%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03890	−0.180%	$772K	$2.6M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03895	−0.051%	—	$2.0M	—	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	0.03893	−0.092%	$5K	$129K	5x	as long as short
Variational Omni SAGA	+0.0106%	4h	0.03889	−0.202%	$4K	$52K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0133%	1h	0.03894	−0.071%	$68K	$637K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1035%	1h	0.03897	0.000%	$3K	$28	10x	as long as short