SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.052%

Price spread now: BingX against MEXC+0.246%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.152%−$15 · spread now +0.246%, 7d avg +0.035%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.212% dearer against MEXC than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.04465	0.0100	pay 0.0050% / 4h	1h 35m	$3.2M	$4.3M	50x
Short	BingX SAGA-USDT	0.04476	0.0150	get 0.0075% / 4h	1h 35m	—	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.246%Rate

Funding earned: $10.5
Price spread: +0.246% → +0.035%: $21.18
Slippage, 4 orders: −$48.65
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.97
Costs to cover: 0.627%
Break-even: 27.6 days

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 3 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, 2 min ago	1.13 bp	10.5 bp −$11	82.4 bp −$824	640.5 bp −$64.0K	doesn't fit
Sell BingX live order book, 3 min ago	3.37 bp	21.2 bp −$21	88.0 bp −$880	599.7 bp −$60.0K	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	−0.3289%	1h	0.04433	−0.717%	$2.4M	$263K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0574%	1h	0.04462	−0.059%	$83K	$568K	20x	as long as short
BloFin SAGA-USDT	+0.0086%	4h	0.04446	−0.426%	$1.1M	$288K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04468	+0.063%	$66K	$714K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04467	+0.048%	$22.1M	$97.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04495	+0.672%	$6.8M	$7.4M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.04465	long leg	$3.2M	$4.3M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.04464	−0.022%	$1.0M	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04485	+0.451%	$4K	$188K	5x	as long as short
Bybit SAGAUSDT	+0.0130%	4h	0.04468	+0.063%	$4.5M	$14.5M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDTshort	+0.0150%	4h	0.04476	+0.246%	—	$2.0M	—
Variational Omni SAGA	+0.0279%	4h	0.04449	−0.351%	$7K	$42K	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04471	+0.134%	$48K	$416K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1092%	1h	0.04478	+0.291%	$4K	—	10x	as long as short