Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Aster against Extended+0.025%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.025%, 7d avg −0.053%

Together, before fees+0.033%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$3 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: Aster is 0.078% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.03898	0.0104	pay 0.0013% / 1h	31m 21s	$2K	$134K	5x
Short	Aster SAGAUSDT	0.03899	0.0100	get 0.0050% / 4h	2h 31m	$69K	$834K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → −0.053%: $7.77
Slippage, 4 orders: −$151.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$157.35
Costs to cover: 1.643%
Break-even: never at this rate

Slippage from Extended: live order book, 34 min ago; Aster: live order book, 32 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 Extended live order book, 34 min ago	6.51 bp	44.3 bp −$44	311.3 bp −$3,113	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	15.18 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit

SAGA on 13 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	−0.1013%	1h	0.03877	−0.536%	$2.2M	$290K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0039%	1h	0.03895	−0.080%	$69K	$652K	20x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03899	+0.025%	$69K	$834K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03900	+0.050%	$19.3M	$114.5M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03898	0.000%	$3.8M	$15.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03914	+0.413%	$6.0M	$8.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03901	+0.080%	$2.6M	$5.4M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03894	−0.100%	$769K	$2.8M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03903	+0.131%	—	$2.0M	—	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.03898	long leg	$2K	$134K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03891	−0.177%	$46K	$408K	25x	as long as short
Variational Omni SAGA	+0.0198%	4h	0.03906	+0.199%	$4K	$75K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0776%	1h	0.03902	+0.105%	$3K	$28	10x	as long as short