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 −0.295%

Price spread now: Binance against Gate−0.026%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$364as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2772.771% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.865%−$87 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.026%, 7d avg −0.187%

Together, before fees−0.911%−$91 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 0.161% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03892	0.0100	pay 0.0050% / 4h	1h 40m	$6.0M	$9.3M	20x
Short	Binance SAGAUSDT	0.03891	0.0100	get 0.0050% / 4h	1h 40m	$19.3M	$142.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.187%: $16.11
Slippage, 4 orders: −$252.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$260.98
Costs to cover: 2.771%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 3 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, 3 min ago	8.98 bp	145.8 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.57 bp	21.8 bp −$22	113.0 bp −$1,130	632.6 bp −$63.3K	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	−0.0168%	1h	0.03916	+0.617%	$50K	$444K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03883	−0.231%	$2.2M	$342K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03895	+0.078%	$74K	$963K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03891	−0.026%	$19.3M	$142.0M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03893	+0.018%	$3.7M	$19.6M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03892	long leg	$6.0M	$9.3M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03886	−0.154%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03895	+0.077%	$879K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03892	0.000%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03933	+1.049%	$6K	$112K	—	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	0.03888	−0.097%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0107%	4h	0.03883	−0.231%	$989K	$455K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0185%	1h	0.03878	−0.354%	$71K	$729K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0781%	1h	0.03885	−0.180%	$3K	$28	10x	as long as short