SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC−0.979%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.233%−$23 · spread now −0.979%, 7d avg −0.121%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.858% cheaper against MEXC than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of −0.121%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03983	0.0100	pay 0.0050% / 4h	3h 50m	$2.6M	$4.1M	50x
Short	BloFin SAGA-USDT	0.03944	0.0055	get 0.0027% / 4h	3h 50m	$988K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.979%Rate

Funding earned: −$9.55
Price spread: −0.979% → −0.121%: −$85.81
Slippage, 4 orders: −$52.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$164.11
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 31 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	1.26 bp	13.3 bp −$13	97.7 bp −$977	700.7 bp −$70.1K	doesn't fit
Sell BloFin live order book, 31 min ago	5.12 bp	19.5 bp −$20	75.2 bp −$752	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	−0.0702%	1h	0.03958	−0.623%	$70K	$638K	20x	as long as short
Hyperliquid SAGA	−0.0291%	1h	0.03965	−0.452%	$2.2M	$258K	3x	as long as short
BloFin SAGA-USDTshort	+0.0055%	4h	0.03944	−0.979%	$988K	$213K	20x
Aster SAGAUSDT	+0.0100%	4h	0.03967	−0.405%	$70K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03987	+0.098%	$19.6M	$100.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04001	+0.452%	$6.1M	$7.6M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03983	long leg	$2.6M	$4.1M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03980	−0.075%	$774K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03988	+0.123%	$5K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03952	−0.778%	$45K	$390K	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	+0.0342%	4h	0.03966	−0.415%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1521%	1h	0.03959	−0.603%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.1977%	4h	0.03995	+0.299%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.2260%	4h	0.03992	+0.226%	—	$2.0M	—	as long as short