Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Binance against Extended+0.067%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.067%, 7d avg −0.020%

Together, before fees−0.103%+ Points / potential airdropExtended: Active · farm board−$10 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: Binance is 0.087% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.03967	0.0104	pay 0.0013% / 1h	11m 54s	$4K	$201K	5x
Short	Binance SAGAUSDT	0.03970	0.0100	get 0.0050% / 4h	3h 11m	$19.5M	$98.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: −$0.84
Price spread: +0.067% → −0.020%: $8.69
Slippage, 4 orders: −$118.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$125.58
Costs to cover: 1.334%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; Binance: 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 Extended live order book, 39 min ago	7.15 bp	36.6 bp −$37	300.0 bp −$3,000	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.52 bp	26.1 bp −$26	100.8 bp −$1,008	757.2 bp −$75.7K	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	−0.0701%	1h	0.03967	−0.009%	$74K	$634K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03960	−0.180%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03974	+0.176%	$69K	$757K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03970	+0.067%	$19.5M	$98.3M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03980	+0.324%	$6.0M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03964	−0.079%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03972	+0.123%	$765K	$2.6M	20x	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.03967	long leg	$4K	$201K	5x
BloFin SAGA-USDT	+0.0136%	4h	0.03953	−0.356%	$1.0M	$212K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03965	−0.054%	$44K	$380K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0529%	4h	0.03963	−0.107%	$4K	$45K	—	as long as short
BingX SAGA-USDT	+0.0878%	4h	0.03976	+0.223%	—	$2.0M	—	as long as short
Bybit SAGAUSDT	+0.0958%	4h	0.03967	−0.011%	$3.9M	$14.3M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1263%	1h	0.03971	+0.097%	$3K	$28	10x	as long as short