Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%

Price spread now: Variational Omni against Binance+0.975%7-day average −0.110% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.575%−$58 · spread now +0.975%, 7d avg −0.110%

Together, before fees−0.558%+ Points / potential airdropVariational Omni: Active · farm board−$56 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: Variational Omni is 1.085% dearer against Binance than usual: you sell high and buy low, +$108 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03895	0.0100	pay 0.0050% / 4h	1h 43m	$19.3M	$142.5M	20x
Short	Variational Omni SAGA	0.03933	0.0100	get 0.0050% / 4h	1h 43m	$6K	$112K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.975%Rate

Funding earned: $0
Price spread: +0.975% → −0.110%: $108.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $98.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 40 min ago. Net counts fees only.

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, 14 min ago	1.31 bp	21.6 bp −$22	148.2 bp −$1,482	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	5.01 bp	doesn't fit	122.8 bp −$1,228	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	−0.0168%	1h	0.03881	−0.356%	$49K	$440K	25x	as long as short
BloFin SAGA-USDT	+0.0083%	4h	0.03928	+0.851%	$973K	$461K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03881	−0.356%	$2.2M	$342K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03896	+0.041%	$74K	$963K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03895	long leg	$19.3M	$142.5M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03902	+0.178%	$3.7M	$19.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03910	+0.389%	$6.0M	$9.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03889	−0.150%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03895	+0.004%	$874K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03910	+0.389%	—	$2.2M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGAshort	+0.0100%	4h	0.03933	+0.975%	$6K	$112K	—
Extended SAGA-USD	+0.0104%	1h	0.03893	−0.040%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0185%	1h	0.03887	−0.195%	$71K	$729K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0779%	1h	0.03892	−0.073%	$3K	$28	10x	as long as short