Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aster against MEXC+0.222%7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$960.963% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.222%, 7d avg −0.025%

Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.247% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03886	0.0100	pay 0.0050% / 4h	1h 42m	$2.6M	$6.5M	50x
Short	Aster SAGAUSDT	0.03895	0.0100	get 0.0050% / 4h	1h 42m	$74K	$963K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.222%Rate

Funding earned: $0
Price spread: +0.222% → −0.025%: $24.67
Slippage, 4 orders: −$84.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$71.59
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 36 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 MEXC live order book, 1 min ago	2.57 bp	11.8 bp −$12	82.2 bp −$822	545.2 bp −$54.5K	doesn't fit
Sell Aster live order book, 36 min ago	17.87 bp	35.2 bp −$35	264.3 bp −$2,643	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
Coinbase International SAGA-PERP-INTX	−0.0168%	1h	0.03926	+1.029%	$50K	$445K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03879	−0.180%	$2.2M	$342K	3x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03895	+0.222%	$74K	$963K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03892	+0.155%	$19.3M	$142.3M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03890	+0.106%	$3.7M	$19.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03903	+0.437%	$6.0M	$9.3M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03886	long leg	$2.6M	$6.5M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03897	+0.283%	$874K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03894	+0.206%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03933	+1.205%	$6K	$112K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03892	+0.147%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0121%	4h	0.03913	+0.695%	$969K	$459K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0185%	1h	0.03884	−0.054%	$71K	$729K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0779%	1h	0.03893	+0.180%	$3K	$28	10x	as long as short