SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.053%

Price spread now: Bybit against MEXC+0.202%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1131.132% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.202%, 7d avg +0.079%

Together, before fees−0.031%−$3 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 Bybit is 0.122% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03912	0.0100	pay 0.0050% / 4h	47m 44s	$2.5M	$4.5M	50x
Short	Bybit SAGAUSDT	0.03920	0.0138	get 0.0069% / 4h	47m 44s	$3.9M	$14.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.202%Rate

Funding earned: $7.98
Price spread: +0.202% → +0.079%: $12.24
Slippage, 4 orders: −$98.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.01
Costs to cover: 1.132%
Break-even: 88.6 days

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	1.28 bp	15.2 bp −$15	103.2 bp −$1,032	747.7 bp −$74.8K	doesn't fit
Sell Bybit live order book, 1 min ago	0.89 bp	32.7 bp −$33	106.6 bp −$1,066	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	−0.0263%	1h	0.03906	−0.162%	$69K	$646K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0080%	1h	0.03938	+0.665%	$45K	$382K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03884	−0.716%	$2.1M	$267K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03911	−0.035%	$70K	$789K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03918	+0.153%	$19.4M	$102.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03920	+0.204%	$6.0M	$7.8M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03912	long leg	$2.5M	$4.5M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03912	0.000%	$775K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03913	+0.028%	$2K	$129K	5x	as long as short
Bybit SAGAUSDTshort	+0.0138%	4h	0.03920	+0.202%	$3.9M	$14.4M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDT	+0.0153%	4h	0.03917	+0.128%	$995K	$215K	20x	as long as short
BingX SAGA-USDT	+0.0167%	4h	0.03902	−0.256%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0220%	4h	0.03898	−0.370%	$4K	$51K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1286%	1h	0.03911	−0.026%	$3K	$28	10x	as long as short