Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.243%

Price spread now: Gate against Bybit+0.241%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2742.736% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.828%+$83 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.241%, 7d avg +0.105%

Together, before fees+0.547%+$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.136% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAGAUSDT	0.03945	0.0100	pay 0.0050% / 4h	31m 03s	$3.8M	$18.6M	20x
Short	Gate SAGA_USDT	0.03955	0.0100	get 0.0050% / 4h	31m 03s	$6.1M	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.241%Rate

Funding earned: $0
Price spread: +0.241% → +0.105%: $13.57
Slippage, 4 orders: −$247.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260
Costs to cover: 2.736%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: 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 Bybit live order book, 2 min ago	1.90 bp	42.9 bp −$43	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.85 bp	80.0 bp −$80	401.1 bp −$4,011	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
Kraken Futures PF_SAGAUSD	−0.0761%	1h	0.03937	−0.211%	$71K	$724K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03933	−0.317%	$49K	$435K	25x	as long as short
BloFin SAGA-USDT	+0.0044%	4h	0.03939	−0.165%	$991K	$431K	20x	as long as short
KuCoin SAGAUSDTM	+0.0076%	4h	0.03939	−0.165%	$819K	$3.1M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03939	−0.165%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03951	+0.127%	$71K	$900K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03941	−0.114%	$19.5M	$136.0M	20x	as long as short
Bybit SAGAUSDTlong	+0.0100%	4h	0.03945	long leg	$3.8M	$18.6M	20x
Gate SAGA_USDTshort	+0.0100%	4h	0.03955	+0.241%	$6.1M	$9.1M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03940	−0.139%	$2.7M	$6.1M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0100%	4h	0.03943	−0.063%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03956	+0.279%	$4K	$113K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03948	+0.058%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0766%	1h	0.03942	−0.089%	$3K	$28	10x	as long as short