SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against BloFin+0.230%49s7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as 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−$750.750% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.223%+$22 · spread now +0.230%, 7d avg +0.122%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.109% dearer against BloFin than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.122%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.004% in total) that is about 6 months. The two prices were read 49 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	0.03907	0.0124	pay 0.0062% / 4h	3h 36m	$992K	$364K	20x
Short	MEXC SAGA_USDT	0.03916	0.0100	get 0.0050% / 4h	3h 36m	$2.6M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.230%Rate

Funding earned: −$4.97
Price spread: +0.230% → +0.122%: $10.88
Slippage, 4 orders: −$58.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.07
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from BloFin: live order book, 20 min ago; MEXC: 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, 20 min ago	3.79 bp	20.0 bp −$20	75.2 bp −$752	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.28 bp	13.4 bp −$13	97.0 bp −$970	711.6 bp −$71.2K	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
Kraken Futures PF_SAGAUSD	−0.0694%	1h	0.03909	+0.042%	$70K	$682K	20x	as long as short
KuCoin SAGAUSDTM	+0.0064%	4h	0.03919	+0.307%	$778K	$3.0M	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03920	+0.333%	$47K	$430K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03905	−0.051%	$2.2M	$317K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03920	+0.335%	$70K	$884K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03920	+0.335%	$19.4M	$126.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03940	+0.845%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.03916	+0.230%	$2.6M	$5.9M	50x
Variational Omni SAGA	+0.0100%	4h	0.03944	+0.938%	$4K	$101K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03916	+0.225%	$4K	$153K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDTlong	+0.0124%	4h	0.03907	long leg	$992K	$364K	20x
BingX SAGA-USDT	+0.0300%	4h	0.03921	+0.358%	—	$2.1M	—	as long as short
Bybit SAGAUSDT	+0.0651%	4h	0.03924	+0.438%	$3.8M	$17.1M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1798%	1h	0.03914	+0.179%	$3K	$28	10x	as long as short