Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.156%

Price spread now: Coinbase International against Aster+1.541%7-day average −1.289% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$4484.484% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−3.587%−$359 on $10k

Price spread, last 4 days (all we have)−1.845%−$185 · spread now +1.541%, 7d avg −1.289%

Together, before fees−5.432%+ Points / potential airdropAster: Stage 5 · farm board−$543 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 2.831% dearer against Aster than usual: you sell high and buy low: +$283 more if the spread goes back to its 7-day average of −1.289%. Mind the row above: over the last 6 days funding on this pair cost −3.587%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.04162	0.0100	pay 0.0050% / 4h	3h 34m	$75K	$664K	5x
Short	Coinbase International SAGA-PERP-INTX	0.04226	0.0440	get 0.0055% / 1h	34m 39s	$43K	$392K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +1.541%Rate

Funding earned: $71.4
Price spread: +1.541% → −1.289%: $283.06
Slippage, 4 orders: −$430.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$93.99
Costs to cover: 4.484%
Break-even: 16.2 days

Slippage from Aster: live order book, 58 min ago; Coinbase International: live order book, 63 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 Aster live order book, 58 min ago	13.27 bp	36.0 bp −$36	213.2 bp −$2,132	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	17.01 bp	92.5 bp −$93	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	−0.0839%	1h	0.04175	+0.327%	$79K	$535K	20x	as long as short
KuCoin SAGAUSDTM	+0.0022%	4h	0.04169	+0.172%	$823K	$2.6M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04153	−0.213%	$2.3M	$250K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.04162	long leg	$75K	$664K	5x
Binance SAGAUSDT	+0.0100%	4h	0.04155	−0.170%	$20.3M	$95.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04157	−0.110%	$4.0M	$15.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04187	+0.604%	$6.3M	$7.2M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04155	−0.165%	$2.8M	$4.3M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04171	+0.220%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.04193	+0.739%	$4K	$42K	—	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	0.04167	+0.114%	$5K	$183K	5x	as long as short
BloFin SAGA-USDT	+0.0135%	4h	0.04172	+0.244%	$1.0M	$285K	20x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0440%	1h	0.04226	+1.541%	$43K	$392K	25x
Deribit SAGA_USDC-PERPETUAL	+0.0469%	1h	0.04175	+0.316%	$3K	$124	10x	as long as short