Settings8H · net · $10k
Funding arb · Price arb /

SAGA

all SAGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.227%
Price spread now: Aster against Coinbase International+0.145%54s7-day average +1.338% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4204.204% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+3.596%+$360 on $10k
Price spread, last 4 days (all we have)−0.614%−$61 · spread now +0.145%, 7d avg +1.338%
Together, before fees+2.983%+ Points / potential airdropAster: Stage 5 · farm board+$298 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 Aster is 1.193% cheaper against Coinbase International than usual: you would sell low and buy high (−$119 if the spread goes back to its 7-day average of +1.338%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +3.596%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SAGA-PERP-INTX0.039720.0176pay 0.0022% / 1h42m 18s$44K$378K25x
ShortAster SAGAUSDT0.039780.0100get 0.0050% / 4h2h 42m$69K$734K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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

Funding earned
−$15.96
Price spread: +0.145% → +1.338%
−$119.31
Slippage, 4 orders
−$402.42
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$555.69
Costs to cover
4.204%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 6 min ago; Aster: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 6 min ago59.10 bp225.2 bp −$225doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 1 min ago18.83 bp42.7 bp −$43323.4 bp −$3,234doesn't fitdoesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SAGAUSD+0.0097%1h0.03970−0.057%$74K$620K20xas long as short
BloFin SAGA-USDT+0.0099%4h0.03974+0.050%$1.0M$207K20xas long as short
Hyperliquid SAGA+0.0100%1h0.03949−0.579%$2.2M$254K3xas long as short
Aster SAGAUSDTshort+0.0100%4h0.03978+0.145%$69K$734K5x
Binance SAGAUSDT+0.0100%4h0.03977+0.129%$19.6M$96.6M20xas long as short
Gate SAGA_USDT+0.0100%4h0.03989+0.428%$6.0M$7.6M20xas long as short
MEXC SAGA_USDT+0.0100%4h0.03976+0.101%$2.6M$4.1M50xas long as short
KuCoin SAGAUSDTM+0.0100%4h0.03977+0.126%$763K$2.5M20xas long as short
Extended SAGA-USD+0.0104%1h0.03977+0.120%$5K$195K5xas long as short
Coinbase International SAGA-PERP-INTXlong+0.0176%1h0.03972long leg$44K$378K25x
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAGA+0.0626%4h0.03987+0.380%$4K$45Kas long as short
Bybit SAGAUSDT+0.0675%4h0.03979+0.166%$3.9M$14.2M20xas long as short
BingX SAGA-USDT+0.0682%4h0.03979+0.176%$1.9Mas long as short
Deribit SAGA_USDC-PERPETUAL+0.1260%1h0.03979+0.176%$3K10xas long as short