SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.049%

Price spread now: BloFin against BingX−0.051%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 3 days (all we have)−0.771%−$77 · spread now −0.051%, 7d avg −0.128%

Together, before fees−0.822%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.077% dearer against BingX than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.128%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.051% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03958	0.0100	pay 0.0050% / 4h	53m 12s	—	$2.2M	—
Short	BloFin SAGA-USDT	0.03956	0.0044	get 0.0022% / 4h	53m 12s	$988K	$453K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$11.66
Price spread: −0.051% → −0.128%: $7.71
Slippage, 4 orders: −$67.85
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$93.8
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 9 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	1.29 bp	19.2 bp −$19	54.8 bp −$548	576.3 bp −$57.6K	doesn't fit
Sell BloFin live order book, 9 min ago	1.29 bp	26.9 bp −$27	94.9 bp −$949	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	−0.0758%	1h	0.03954	−0.100%	$72K	$724K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03911	−1.187%	$49K	$434K	25x	as long as short
BloFin SAGA-USDTshort	+0.0044%	4h	0.03956	−0.051%	$988K	$453K	20x
Hyperliquid SAGA	+0.0100%	1h	0.03947	−0.278%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03952	−0.156%	$75K	$912K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03953	−0.133%	$19.5M	$137.5M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03958	−0.003%	$3.8M	$18.9M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03970	+0.303%	$6.1M	$9.1M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03951	−0.177%	$2.7M	$6.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03953	−0.126%	$824K	$3.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDTlong	+0.0100%	4h	0.03958	long leg	—	$2.2M	—
Variational Omni SAGA	+0.0100%	4h	0.03898	−1.510%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03951	−0.176%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0763%	1h	0.03953	−0.126%	$3K	$28	10x	as long as short