Settings8H · net · $10k
Funding arb · Price arb /

SAGA

all SAGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.050%
Price spread now: BingX against Aster+0.196%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.196%, 7d avg +0.042%
Together, before fees−0.238%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.155% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SAGAUSDT0.042080.0100pay 0.0050% / 4h1h 57m$72K$720K5x
ShortBingX SAGA-USDT0.042160.0182get 0.0091% / 4h1h 57m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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

Funding earned
$17.22
Price spread: +0.196% → +0.042%
$15.45
Slippage, 4 orders
−$99.65
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$84.98
Costs to cover
1.176%
Break-even
41.5 days
Slippage from Aster: live order book, 45 min ago; BingX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 45 min ago18.83 bp31.6 bp −$32222.0 bp −$2,220doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago2.38 bp22.3 bp −$2282.6 bp −$826600.5 bp −$60.1Kdoesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SAGAUSD−0.0609%1h0.04209+0.021%$78K$616K20xas long as short
Hyperliquid SAGA−0.0509%1h0.04166−0.992%$2.3M$257K3xas long as short
Aster SAGAUSDTlong+0.0100%4h0.04208long leg$72K$720K5x
Binance SAGAUSDT+0.0100%4h0.04201−0.160%$20.9M$97.8M20xas long as short
Gate SAGA_USDT+0.0100%4h0.04223+0.363%$6.4M$7.3M20xas long as short
MEXC SAGA_USDT+0.0100%4h0.04200−0.184%$3.0M$4.1M50xas long as short
KuCoin SAGAUSDTM+0.0100%4h0.04211+0.078%$838K$2.5M20xas long as short
Extended SAGA-USD+0.0104%1h0.04200−0.186%$4K$192K5xas long as short
BloFin SAGA-USDT+0.0137%4h0.04195−0.303%$1.1M$222K20xas long as short
BingX SAGA-USDTshort+0.0182%4h0.04216+0.196%$1.9M
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SAGAUSDT+0.0216%4h0.04208+0.002%$4.1M$14.4M20xas long as short
Coinbase International SAGA-PERP-INTX+0.0296%1h0.04196−0.279%$46K$402K25xas long as short
Variational Omni SAGA+0.0365%4h0.04207−0.018%$6K$46Kas long as short
Deribit SAGA_USDC-PERPETUAL+0.1651%1h0.04217+0.220%$4K10xas long as short