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 +0.090%

Price spread now: Aster against KuCoin−0.092%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2852.854% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.092%, 7d avg +0.015%

Together, before fees+0.305%+ Points / potential airdropAster: Stage 5 · farm board+$30 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 0.106% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03922	0.0100	pay 0.0050% / 4h	1h 39m	$779K	$2.7M	20x
Short	Aster SAGAUSDT	0.03918	0.0100	get 0.0050% / 4h	1h 39m	$70K	$801K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.015%: −$10.64
Slippage, 4 orders: −$265.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$296.07
Costs to cover: 2.854%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 19 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 KuCoin live order book, 2 min ago	15.20 bp	105.0 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 19 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
Hyperliquid SAGA	−0.0157%	1h	0.03909	−0.331%	$2.2M	$282K	3x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.03912	−0.255%	$45K	$387K	25x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03918	−0.092%	$70K	$801K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03913	−0.218%	$19.4M	$107.1M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03913	−0.229%	$3.8M	$14.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03933	+0.280%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03913	−0.229%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.03922	long leg	$779K	$2.7M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03927	+0.127%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03920	−0.046%	$5K	$130K	5x	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	+0.0130%	4h	0.03949	+0.688%	$4K	$53K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0133%	1h	0.03913	−0.225%	$69K	$645K	20x	as long as short
BloFin SAGA-USDT	+0.0159%	4h	0.03954	+0.816%	$1.0M	$240K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1028%	1h	0.03916	−0.153%	$3K	$28	10x	as long as short