SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against BingX−0.088%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1381.378% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.088%, 7d avg +0.043%

Together, before fees+0.119%+$12 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: Bybit is 0.131% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03979	0.0682	pay 0.0341% / 4h	2h 41m	—	$1.9M	—
Short	Bybit SAGAUSDT	0.03975	0.0675	get 0.0338% / 4h	2h 41m	$3.9M	$14.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$1.42
Price spread: −0.088% → +0.043%: −$13.12
Slippage, 4 orders: −$116.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$152.35
Costs to cover: 1.378%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Bybit: 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 BingX live order book, 1 min ago	3.77 bp	31.1 bp −$31	132.4 bp −$1,324	650.8 bp −$65.1K	doesn't fit
Sell Bybit live order book, 1 min ago	1.13 bp	33.1 bp −$33	111.3 bp −$1,113	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	+0.0097%	1h	0.03970	−0.233%	$74K	$620K	20x	as long as short
BloFin SAGA-USDT	+0.0099%	4h	0.03974	−0.126%	$1.0M	$207K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03949	−0.754%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03976	−0.085%	$69K	$734K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03974	−0.126%	$19.6M	$96.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03980	+0.025%	$6.0M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03973	−0.151%	$2.6M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03974	−0.126%	$762K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03973	−0.152%	$5K	$195K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.03972	−0.176%	$44K	$378K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0626%	4h	0.03987	+0.204%	$4K	$45K	—	as long as short
Bybit SAGAUSDTshort	+0.0675%	4h	0.03975	−0.088%	$3.9M	$14.2M	20x
BingX SAGA-USDTlong	+0.0682%	4h	0.03979	long leg	—	$1.9M	—
Deribit SAGA_USDC-PERPETUAL	+0.1260%	1h	0.03979	0.000%	$3K	—	10x	as long as short