Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against Aster−0.004%7-day average +0.042% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1541.538% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.004%, 7d avg +0.042%

Together, before fees−0.068%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.046% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03984	0.0100	pay 0.0050% / 4h	2h 18m	$73K	$581K	5x
Short	Extended SAGA-USD	0.03984	0.0104	get 0.0013% / 1h	18m 03s	$335	$179K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0.84
Price spread: −0.004% → +0.042%: −$4.62
Slippage, 4 orders: −$140.83
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$157.6
Costs to cover: 1.538%
Break-even: 1320.4 days

Slippage from Aster: live order book, 32 min ago; Extended: live order book, 30 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, 32 min ago	9.99 bp	26.3 bp −$26	256.1 bp −$2,561	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	6.28 bp	34.1 bp −$34	296.9 bp −$2,969	doesn't fit	doesn't fit

SAGA on 14 exchanges

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	−0.0944%	1h	0.03977	−0.171%	$75K	$469K	20x	as long as short
BloFin SAGA-USDT	+0.0089%	4h	0.03987	+0.075%	$1.0M	$268K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03980	−0.100%	$2.2M	$220K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03984	long leg	$73K	$581K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03979	−0.116%	$19.4M	$88.4M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03979	−0.118%	$3.8M	$14.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03997	+0.326%	$6.0M	$7.0M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03980	−0.100%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03987	+0.075%	$782K	$2.4M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03993	+0.226%	—	$1.9M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0100%	4h	0.04011	+0.671%	$4K	$32K	—	as long as short
Extended SAGA-USDshort	+0.0104%	1h	0.03984	−0.004%	$335	$179K	5x
Coinbase International SAGA-PERP-INTX	+0.0528%	1h	0.03982	−0.050%	$40K	$343K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1007%	1h	0.03983	−0.025%	$3K	$124	10x	as long as short