Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.024%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.024%, 7d avg −0.001%

Together, before fees−0.033%−$3 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: Binance is 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.04112	0.0100	pay 0.0050% / 4h	3h 16m	$2.7M	$4.4M	50x
Short	Binance SAGAUSDT	0.04113	0.0100	get 0.0050% / 4h	3h 16m	$20.1M	$94.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → −0.001%: $2.51
Slippage, 4 orders: −$73.73
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$85.22
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 11 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	2.43 bp	20.8 bp −$21	106.6 bp −$1,066	676.5 bp −$67.6K	doesn't fit
Sell Binance live order book, 11 min ago	1.23 bp	25.3 bp −$25	85.1 bp −$851	635.8 bp −$63.6K	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	−0.0854%	1h	0.04102	−0.235%	$78K	$516K	20x	as long as short
KuCoin SAGAUSDTM	+0.0044%	4h	0.04115	+0.073%	$825K	$2.6M	20x	as long as short
BloFin SAGA-USDT	+0.0082%	4h	0.04130	+0.438%	$1.0M	$282K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04105	−0.170%	$2.2M	$246K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04115	+0.073%	$76K	$646K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.04113	+0.024%	$20.1M	$94.4M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.04112	−0.007%	$4.0M	$15.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04133	+0.511%	$6.2M	$7.2M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.04112	long leg	$2.7M	$4.4M	50x
BingX SAGA-USDT	+0.0100%	4h	0.04115	+0.073%	—	$1.9M	—	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	0.04097	−0.377%	$4K	$39K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04112	−0.002%	$346	$188K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0440%	1h	0.04154	+1.021%	$42K	$384K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1214%	1h	0.04105	−0.170%	$3K	$124	10x	as long as short