Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.236%

Price spread now: Gate against KuCoin+0.964%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$4214.209% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.833%+$83 on $10k

Price spread, last 7 days−0.763%−$76 · spread now +0.964%, 7d avg +0.189%

Together, before fees+0.069%+$7 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: Gate is 0.775% dearer against KuCoin than usual: you sell high and buy low, +$78 on $10k if it goes back to its 7-day average of +0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03940	0.0100	pay 0.0050% / 4h	3h 54m	$749K	$2.6M	20x
Short	Gate SAGA_USDT	0.03978	0.0100	get 0.0050% / 4h	3h 54m	$6.0M	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.964%Rate

Funding earned: $0
Price spread: +0.964% → +0.189%: $77.51
Slippage, 4 orders: −$393.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$343.39
Costs to cover: 4.209%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: 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 KuCoin live order book, 2 min ago	7.66 bp	112.0 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.08 bp	88.1 bp −$88	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
Kraken Futures PF_SAGAUSD	−0.0706%	1h	0.03938	−0.044%	$70K	$642K	20x	as long as short
Hyperliquid SAGA	−0.0515%	1h	0.03890	−1.269%	$2.1M	$258K	3x	as long as short
BloFin SAGA-USDT	+0.0087%	4h	0.03915	−0.635%	$988K	$212K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03938	−0.050%	$70K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03960	+0.508%	$19.5M	$100.2M	20x	as long as short
Gate SAGA_USDTshort	+0.0100%	4h	0.03978	+0.964%	$6.0M	$7.6M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03960	+0.508%	$2.5M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.03940	long leg	$749K	$2.6M	20x
Extended SAGA-USD	+0.0104%	1h	0.03960	+0.507%	$5K	$133K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03930	−0.254%	$44K	$388K	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	+0.0273%	4h	0.03926	−0.360%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.2034%	1h	0.03949	+0.228%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.2064%	4h	0.03964	+0.602%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.3686%	4h	0.03956	+0.406%	—	$2.0M	—	as long as short