SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.051%

Price spread now: MEXC against BingX−0.126%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.126%, 7d avg −0.038%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.088% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03961	0.0394	pay 0.0197% / 4h	2h 48m	—	$2.1M	—
Short	MEXC SAGA_USDT	0.03956	0.0100	get 0.0050% / 4h	2h 48m	$2.7M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$61.74
Price spread: −0.126% → −0.038%: −$8.83
Slippage, 4 orders: −$57.22
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$141.79
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; MEXC: live order book, 4 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, 14 min ago	3.78 bp	27.7 bp −$28	74.6 bp −$746	506.0 bp −$50.6K	doesn't fit
Sell MEXC live order book, 4 min ago	1.25 bp	16.6 bp −$17	101.4 bp −$1,014	686.8 bp −$68.7K	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
Hyperliquid SAGA	−0.2227%	1h	0.03938	−0.581%	$2.2M	$293K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0038%	1h	0.03962	+0.023%	$71K	$668K	20x	as long as short
BloFin SAGA-USDT	+0.0092%	4h	0.03964	+0.076%	$1.0M	$318K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03962	+0.036%	$71K	$848K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03960	−0.018%	$19.6M	$118.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03979	+0.454%	$6.1M	$8.3M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.03956	−0.126%	$2.7M	$5.4M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03961	0.000%	$784K	$2.9M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03959	−0.045%	$3K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03963	+0.050%	$47K	$428K	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	+0.0264%	4h	0.03971	+0.251%	$4K	$89K	—	as long as short
Bybit SAGAUSDT	+0.0388%	4h	0.03961	−0.005%	$3.9M	$16.1M	20x	as long as short
BingX SAGA-USDTlong	+0.0394%	4h	0.03961	long leg	—	$2.1M	—
Deribit SAGA_USDC-PERPETUAL	+0.1012%	1h	0.03966	+0.126%	$3K	$28	10x	as long as short