SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.087%

Price spread now: KuCoin against MEXC+0.102%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2632.633% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.102%, 7d avg −0.039%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.141% dearer against MEXC than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.039%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03923	0.0100	pay 0.0050% / 4h	3h 31m	$2.6M	$5.9M	50x
Short	KuCoin SAGAUSDTM	0.03927	0.0082	get 0.0041% / 4h	3h 31m	$780K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$3.78
Price spread: +0.102% → −0.039%: $14.12
Slippage, 4 orders: −$247.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$252.94
Costs to cover: 2.633%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 6 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	3.81 bp	21.0 bp −$21	105.0 bp −$1,050	721.4 bp −$72.1K	doesn't fit
Sell KuCoin live order book, 6 min ago	20.45 bp	95.5 bp −$96	doesn't fit	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	−0.0692%	1h	0.03920	−0.088%	$70K	$681K	20x	as long as short
BloFin SAGA-USDT	+0.0057%	4h	0.03935	+0.306%	$1.0M	$356K	20x	as long as short
KuCoin SAGAUSDTMshort	+0.0082%	4h	0.03927	+0.102%	$780K	$3.0M	20x
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03924	+0.025%	$47K	$430K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03917	−0.153%	$2.2M	$317K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03927	+0.093%	$71K	$884K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03927	+0.101%	$19.4M	$125.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03939	+0.408%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03923	long leg	$2.6M	$5.9M	50x
Variational Omni SAGA	+0.0100%	4h	0.03930	+0.172%	$4K	$97K	—	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	0.03924	+0.029%	$4K	$143K	5x	as long as short
Bybit SAGAUSDT	+0.0600%	4h	0.03929	+0.150%	$3.8M	$16.9M	20x	as long as short
BingX SAGA-USDT	+0.0702%	4h	0.03932	+0.229%	—	$2.1M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1281%	1h	0.03924	+0.025%	$3K	$28	10x	as long as short