SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against BloFin−0.090%7-day average +0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+2.555%+$255 · spread now −0.090%, 7d avg +0.114%

Together, before fees+2.551%+$255 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.204% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAGA-USDT	0.03891	0.0153	pay 0.0077% / 4h	1h 14m	$1.0M	$216K	20x
Short	Binance SAGAUSDT	0.03887	0.0100	get 0.0050% / 4h	1h 14m	$19.2M	$104.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: −$11.16
Price spread: −0.090% → +0.114%: −$20.37
Slippage, 4 orders: −$67.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$121.3
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Binance: live order book, 13 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 BloFin live order book, 7 min ago	11.58 bp	22.4 bp −$22	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.28 bp	25.8 bp −$26	123.1 bp −$1,231	741.8 bp −$74.2K	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	+0.0064%	1h	0.03891	0.000%	$45K	$380K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03879	−0.308%	$2.1M	$269K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03883	−0.205%	$69K	$789K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03887	−0.090%	$19.2M	$104.2M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03893	+0.046%	$3.8M	$14.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03900	+0.231%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03885	−0.154%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03886	−0.129%	$771K	$2.6M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03893	+0.051%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03887	−0.115%	$5K	$129K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SAGAUSD	+0.0134%	1h	0.03880	−0.270%	$70K	$639K	20x	as long as short
Variational Omni SAGA	+0.0143%	4h	0.03900	+0.244%	$4K	$52K	—	as long as short
BloFin SAGA-USDTlong	+0.0153%	4h	0.03891	long leg	$1.0M	$216K	20x
Deribit SAGA_USDC-PERPETUAL	+0.0781%	1h	0.03884	−0.180%	$3K	$28	10x	as long as short