SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.076%

Price spread now: KuCoin against Binance+0.068%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2812.811% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.068%, 7d avg +0.006%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.062% dearer against Binance than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.006%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.04117	0.0100	pay 0.0050% / 4h	39m 55s	$20.1M	$100.2M	20x
Short	KuCoin SAGAUSDTM	0.04120	−0.0048	pay 0.0024% / 4h	39m 55s	$839K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$31.08
Price spread: +0.068% → +0.006%: $6.23
Slippage, 4 orders: −$259.12
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$305.96
Costs to cover: 2.811%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 7 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, 3 min ago	1.22 bp	21.5 bp −$22	125.8 bp −$1,258	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	17.23 bp	117.0 bp −$117	doesn't fit	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	−0.0420%	1h	0.04118	+0.025%	$76K	$553K	20x	as long as short
KuCoin SAGAUSDTMshort	−0.0048%	4h	0.04120	+0.068%	$839K	$2.7M	20x
BloFin SAGA-USDT	+0.0076%	4h	0.04106	−0.272%	$1.0M	$282K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04112	−0.126%	$2.2M	$260K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04117	0.000%	$58K	$710K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.04117	long leg	$20.1M	$100.2M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.04117	−0.012%	$4.0M	$15.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04135	+0.433%	$6.2M	$7.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04120	+0.068%	$2.8M	$4.4M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04124	+0.166%	—	$2.0M	—	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	0.04110	−0.181%	$4K	$43K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04116	−0.025%	$2K	$177K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0448%	1h	0.04111	−0.150%	$42K	$392K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0723%	1h	0.04117	−0.004%	$3K	$124	10x	as long as short