Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.102%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.102%, 7d avg +0.002%

Together, before fees+0.076%+$8 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: MEXC is 0.104% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03923	0.0100	pay 0.0050% / 4h	3h 56m	$19.3M	$100.3M	20x
Short	MEXC SAGA_USDT	0.03919	0.0100	get 0.0050% / 4h	3h 56m	$2.5M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → +0.002%: −$10.37
Slippage, 4 orders: −$71.35
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$95.71
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; MEXC: 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, 1 min ago	2.56 bp	24.2 bp −$24	161.7 bp −$1,617	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.56 bp	17.6 bp −$18	97.0 bp −$970	727.8 bp −$72.8K	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	−0.0710%	1h	0.03917	−0.142%	$69K	$642K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03885	−0.969%	$2.1M	$258K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03913	−0.259%	$69K	$768K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03923	long leg	$19.3M	$100.3M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03923	0.000%	$5.9M	$7.6M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.03919	−0.102%	$2.5M	$4.1M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03916	−0.178%	$744K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03920	−0.072%	$5K	$133K	5x	as long as short
BloFin SAGA-USDT	+0.0112%	4h	0.03915	−0.204%	$988K	$212K	20x	as long as short
Variational Omni SAGA	+0.0197%	4h	0.03899	−0.602%	$4K	$45K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03909	−0.357%	$44K	$386K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1793%	1h	0.03923	0.000%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.1870%	4h	0.03927	+0.115%	$3.8M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.3686%	4h	0.03920	−0.076%	—	$2.0M	—	as long as short