Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.146%

Price spread now: Aster against Gate+0.268%7-day average −0.226% · 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−$218as in the Price arb table

costs, in and out, $10k−$2682.678% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.692%−$69 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.268%, 7d avg −0.226%

Together, before fees−0.715%+ Points / potential airdropAster: Stage 5 · farm board−$71 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 0.494% dearer against Gate than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.226%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03852	0.0100	pay 0.0050% / 4h	1h 19m	$5.9M	$7.9M	20x
Short	Aster SAGAUSDT	0.03862	0.0100	get 0.0050% / 4h	1h 19m	$69K	$789K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.268%Rate

Funding earned: $0
Price spread: +0.268% → −0.226%: $49.4
Slippage, 4 orders: −$244.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$218.44
Costs to cover: 2.678%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 39 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 Gate live order book, 4 min ago	8.98 bp	95.6 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	19.78 bp	36.0 bp −$36	doesn't fit	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
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.03831	−0.545%	$44K	$374K	25x	as long as short
BloFin SAGA-USDT	+0.0092%	4h	0.03855	+0.078%	$984K	$222K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03860	+0.208%	$2.1M	$280K	3x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03862	+0.268%	$69K	$789K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03855	+0.085%	$19.1M	$105.2M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03859	+0.169%	$3.8M	$14.5M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03852	long leg	$5.9M	$7.9M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03853	+0.026%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03852	0.000%	$766K	$2.6M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03851	−0.026%	—	$2.0M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03852	−0.003%	$5K	$129K	5x	as long as short
Variational Omni SAGA	+0.0106%	4h	0.03889	+0.964%	$4K	$52K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0135%	1h	0.03851	−0.020%	$68K	$641K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0790%	1h	0.03852	0.000%	$3K	$28	10x	as long as short