SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.050%

Price spread now: BingX against BloFin−0.403%51s7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1101.099% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.856%+$86 · spread now −0.403%, 7d avg +0.134%

Together, before fees+0.912%+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.538% cheaper against BloFin than usual: you would sell low and buy high (spread −0.403% now, against its 7-day average of +0.134%). If the spread goes back, that is −$54 on $10k: about 17 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.057% in total) that is about 2 months. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAGA-USDT	0.04465	0.0042	pay 0.0021% / 4h	1h 36m	$1.1M	$268K	20x
Short	BingX SAGA-USDT	0.04447	0.0150	get 0.0075% / 4h	1h 36m	—	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.403%Rate

Funding earned: $22.66
Price spread: −0.403% → +0.134%: −$53.76
Slippage, 4 orders: −$87.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$141.02
Costs to cover: 1.099%
Break-even: 50.6 days

Slippage from BloFin: live order book, 1 min ago; BingX: live order book, 2 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, 1 min ago	15.78 bp	38.2 bp −$38	101.6 bp −$1,016	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.37 bp	21.2 bp −$21	88.0 bp −$880	599.7 bp −$60.0K	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	−0.3169%	1h	0.04399	−1.478%	$2.4M	$263K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0576%	1h	0.04447	−0.407%	$83K	$567K	20x	as long as short
BloFin SAGA-USDTlong	+0.0042%	4h	0.04465	long leg	$1.1M	$268K	20x
Aster SAGAUSDT	+0.0100%	4h	0.04444	−0.473%	$66K	$714K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04444	−0.476%	$22.0M	$97.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04463	−0.045%	$6.8M	$7.4M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04438	−0.605%	$3.2M	$4.3M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04447	−0.403%	$949K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04465	−0.003%	$4K	$188K	5x	as long as short
Bybit SAGAUSDT	+0.0126%	4h	0.04446	−0.426%	$4.4M	$14.5M	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-USDTshort	+0.0150%	4h	0.04447	−0.403%	—	$2.0M	—
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04482	+0.381%	$48K	$417K	25x	as long as short
Variational Omni SAGA	+0.0318%	4h	0.04401	−1.427%	$7K	$43K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1546%	1h	0.04463	−0.045%	$4K	—	10x	as long as short