Funding arb · Price arb /

SAGA

all SAGA markets

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 −0.051%

Price spread now: Binance against BingX−0.387%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.307%+$31 · spread now −0.387%, 7d avg −0.037%

Together, before fees+0.252%+$25 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: Binance is 0.350% cheaper against BingX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03910	0.0100	pay 0.0050% / 4h	1h 43m	—	$2.2M	—
Short	Binance SAGAUSDT	0.03895	0.0100	get 0.0050% / 4h	1h 43m	$19.3M	$142.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.387%Rate

Funding earned: $0
Price spread: −0.387% → −0.037%: −$34.99
Slippage, 4 orders: −$65.24
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.23
Costs to cover: 0.852%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago	1.27 bp	17.1 bp −$17	74.7 bp −$747	560.7 bp −$56.1K	doesn't fit
Sell Binance live order book, 14 min ago	1.31 bp	25.1 bp −$25	127.7 bp −$1,277	614.1 bp −$61.4K	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	−0.742%	$49K	$440K	25x	as long as short
BloFin SAGA-USDT	+0.0083%	4h	0.03928	+0.460%	$973K	$461K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03881	−0.742%	$2.2M	$342K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03896	−0.346%	$74K	$963K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03895	−0.387%	$19.3M	$142.5M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03902	−0.210%	$3.7M	$19.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03910	0.000%	$6.0M	$9.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03889	−0.537%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03895	−0.384%	$874K	$3.1M	20x	as long as short
BingX SAGA-USDTlong	+0.0100%	4h	0.03910	long leg	—	$2.2M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0100%	4h	0.03933	+0.584%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03893	−0.427%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0185%	1h	0.03887	−0.581%	$71K	$729K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0779%	1h	0.03892	−0.460%	$3K	$28	10x	as long as short