Funding arb · Price arb /

SAGA

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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 −0.053%

Price spread now: Aster against BingX−0.151%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1141.141% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.151%, 7d avg −0.044%

Together, before fees+0.264%+ Points / potential airdropAster: Stage 5 · farm board+$26 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: Aster is 0.107% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03906	0.0100	pay 0.0050% / 4h	2h 32m	—	$2.0M	—
Short	Aster SAGAUSDT	0.03900	0.0100	get 0.0050% / 4h	2h 32m	$70K	$834K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.044%: −$10.66
Slippage, 4 orders: −$96.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$124.74
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Aster: live order book, 30 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 BingX live order book, 5 min ago	3.84 bp	27.1 bp −$27	84.1 bp −$841	680.8 bp −$68.1K	doesn't fit
Sell Aster live order book, 30 min ago	15.18 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit

SAGA on 13 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	−0.1036%	1h	0.03878	−0.717%	$2.2M	$290K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0039%	1h	0.03888	−0.458%	$69K	$652K	20x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03900	−0.151%	$70K	$834K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03908	+0.051%	$19.4M	$114.5M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03909	+0.064%	$3.8M	$15.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03913	+0.179%	$6.0M	$8.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03903	−0.077%	$2.6M	$5.4M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03897	−0.230%	$770K	$2.8M	20x	as long as short
BingX SAGA-USDTlong	+0.0100%	4h	0.03906	long leg	—	$2.0M	—
Extended SAGA-USD	+0.0104%	1h	0.03902	−0.111%	$2K	$134K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03861	−1.152%	$45K	$405K	25x	as long as short
Variational Omni SAGA	+0.0198%	4h	0.03906	−0.009%	$4K	$75K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0521%	1h	0.03893	−0.333%	$3K	$28	10x	as long as short