SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.293%

Price spread now: BloFin against Gate−0.280%7-day average −0.302% · you buy dearer than you sell

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2642.642% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.861%−$86 on $10k

Price spread, last 3 days (all we have)−0.803%−$80 · spread now −0.280%, 7d avg −0.302%

Together, before fees−1.664%−$166 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.023% dearer against Gate than usual: you sell high and buy low (spread −0.280% now, against its 7-day average of −0.302%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.861% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03932	0.0100	pay 0.0050% / 4h	54m 47s	$6.0M	$9.1M	20x
Short	BloFin SAGA-USDT	0.03921	0.0042	get 0.0021% / 4h	54m 47s	$989K	$449K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$12.12
Price spread: −0.280% → −0.302%: $2.26
Slippage, 4 orders: −$237.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$274.07
Costs to cover: 2.642%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 7 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	5.13 bp	111.6 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.29 bp	26.9 bp −$27	94.9 bp −$949	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
Kraken Futures PF_SAGAUSD	−0.0765%	1h	0.03920	−0.313%	$71K	$724K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03891	−1.043%	$48K	$432K	25x	as long as short
BloFin SAGA-USDTshort	+0.0042%	4h	0.03921	−0.280%	$989K	$449K	20x
Hyperliquid SAGA	+0.0100%	1h	0.03913	−0.483%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03920	−0.305%	$74K	$910K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03930	−0.046%	$19.4M	$137.7M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03942	+0.247%	$3.8M	$18.9M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03932	long leg	$6.0M	$9.1M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03918	−0.356%	$2.7M	$6.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03925	−0.178%	$817K	$3.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0100%	4h	0.03925	−0.178%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03898	−0.859%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03922	−0.256%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1023%	1h	0.03933	+0.025%	$3K	$28	10x	as long as short