SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0580%/8h= +63.5% APRnext payment +$2.90 per $10,000 · paid last 24h −0.048%

Price spread now: Bybit against Gate−0.302%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2622.616% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.822%−$82 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.302%, 7d avg −0.118%

Together, before fees−0.721%−$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.184% cheaper against Gate than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of −0.118%). If the spread goes back, that is −$18 on $10k: about 25 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.822%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.04010	0.0100	pay 0.0050% / 4h	2h 39m	$6.0M	$7.6M	20x
Short	Bybit SAGAUSDT	0.03998	0.0680	get 0.0340% / 4h	2h 39m	$3.9M	$14.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.302%Rate

Funding earned: $121.72
Price spread: −0.302% → −0.118%: −$18.42
Slippage, 4 orders: −$235.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$158.28
Costs to cover: 2.616%
Break-even: 16.1 days

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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	6.26 bp	98.1 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.13 bp	33.1 bp −$33	111.3 bp −$1,113	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
BloFin SAGA-USDT	+0.0043%	4h	0.03975	−0.873%	$1.0M	$207K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0097%	1h	0.03985	−0.634%	$74K	$617K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03960	−1.247%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03990	−0.495%	$69K	$734K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03994	−0.399%	$19.7M	$96.5M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.04010	long leg	$6.0M	$7.6M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03992	−0.449%	$2.6M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03995	−0.374%	$768K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03992	−0.450%	$5K	$195K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.04035	+0.623%	$45K	$384K	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	+0.0639%	4h	0.03982	−0.692%	$4K	$44K	—	as long as short
Bybit SAGAUSDTshort	+0.0680%	4h	0.03998	−0.302%	$3.9M	$14.2M	20x
BingX SAGA-USDT	+0.0682%	4h	0.03992	−0.449%	—	$1.9M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1254%	1h	0.03995	−0.374%	$3K	—	10x	as long as short