Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.291%

Price spread now: Extended against Gate−0.231%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$359as in the Funding arb table

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

costs, in and out, $10k−$2742.740% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.854%−$85 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.231%, 7d avg −0.166%

Together, before fees−0.717%+ Points / potential airdropExtended: Active · farm board−$72 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: Extended is 0.065% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03926	0.0100	pay 0.0050% / 4h	8m 32s	$6.0M	$9.1M	20x
Short	Extended SAGA-USD	0.03917	0.0104	get 0.0013% / 1h	8m 32s	$3K	$159K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0.84
Price spread: −0.231% → −0.166%: −$6.52
Slippage, 4 orders: −$253.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$279.66
Costs to cover: 2.740%
Break-even: 2337.5 days

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 2 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, 5 min ago	8.90 bp	99.3 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	6.66 bp	48.8 bp −$49	341.9 bp −$3,419	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	−0.0767%	1h	0.03907	−0.488%	$70K	$713K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03899	−0.688%	$47K	$431K	25x	as long as short
KuCoin SAGAUSDTM	−0.0024%	4h	0.03921	−0.127%	$780K	$3.1M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03912	−0.357%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03915	−0.270%	$70K	$895K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03921	−0.115%	$19.4M	$134.1M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03928	+0.051%	$3.8M	$18.3M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03926	long leg	$6.0M	$9.1M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03920	−0.153%	$2.6M	$6.1M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03920	−0.153%	—	$2.2M	—	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	+0.0100%	4h	0.03906	−0.502%	$4K	$110K	—	as long as short
Extended SAGA-USDshort	+0.0104%	1h	0.03917	−0.231%	$3K	$159K	5x
BloFin SAGA-USDT	+0.0156%	4h	0.03901	−0.637%	$994K	$406K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1028%	1h	0.03916	−0.255%	$3K	$28	10x	as long as short