Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.102%
Price spread now: Gate against BloFin−0.247%93s7-day average +0.319% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as 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−$2672.670% of the position
Funding, last 7 days+0.863%+$86 on $10k
+Price spread, last 4 days (all we have)+0.937%+$94 · spread now −0.247%, 7d avg +0.319%
=Funding pays, the price is against you. Gate is 0.566% cheaper against BloFin than usual: you would sell low and buy high (spread −0.247% now, against its 7-day average of +0.319%). If the spread goes back, that is −$57 on $10k: about 50 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.863% in total) that is about 4.6 days. The two prices were read 93 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 | 0.04050 | 0.0062 | pay 0.0031% / 4h | 1h 07m | $1.1M | $274K | 20x |
| Short | Gate SAGA_USDT | 0.04040 | 0.0100 | get 0.0050% / 4h | 1h 07m | $6.1M | $7.6M | 20x |
BloFin SAGA-USDT
Gate SAGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.95
- Price spread: −0.247% → +0.319%
- −$56.58
- Slippage, 4 orders
- −$240.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$315.64
- Costs to cover
- 2.670%
- Break-even
- 284.9 days
Slippage from BloFin: live order book, 5 min ago; Gate: 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 BloFin live order book, 5 min ago | 12.28 bp | 36.4 bp −$36 | 127.3 bp −$1,273 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 9.83 bp | 95.4 bp −$95 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAGA | −0.1509% | 1h | 0.04025 | −0.617% | $2.2M | $263K | 3x | as long as short |
| Kraken Futures PF_SAGAUSD | −0.0632% | 1h | 0.04053 | +0.082% | $72K | $562K | 20x | as long as short |
| BloFin SAGA-USDTlong | +0.0062% | 4h | 0.04050 | long leg | $1.1M | $274K | 20x | |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04032 | −0.436% | $60K | $712K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.04023 | −0.667% | $19.7M | $100.6M | 20x | as long as short |
| Gate SAGA_USDTshort | +0.0100% | 4h | 0.04040 | −0.247% | $6.1M | $7.6M | 20x | |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04030 | −0.494% | $2.9M | $4.5M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.04037 | −0.321% | $873K | $2.6M | 20x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.04031 | −0.468% | $3K | $177K | 5x | as long as short |
| Bybit SAGAUSDT | +0.0212% | 4h | 0.04030 | −0.494% | $3.9M | $15.2M | 20x | as long as short |
Hyperliquid SAGA
Kraken Futures PF_SAGAUSD
Aster SAGAUSDT
Binance SAGAUSDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
Extended SAGA-USD
Bybit SAGAUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SAGA-USDT | +0.0225% | 4h | 0.04032 | −0.444% | — | $2.0M | — | as long as short |
| Variational Omni SAGA | +0.0230% | 4h | 0.04016 | −0.844% | $6K | $42K | — | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0296% | 1h | 0.04092 | +1.037% | $43K | $390K | 25x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.1231% | 1h | 0.04057 | +0.173% | $3K | — | 10x | as long as short |
BingX SAGA-USDT
Variational Omni SAGA
Coinbase International SAGA-PERP-INTX
Deribit SAGA_USDC-PERPETUAL