Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.094%

Price spread now: KuCoin against Aster+0.153%7-day average −0.017% · 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−$232as in the Price arb table

costs, in and out, $10k−$2492.489% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.351%−$35 · spread now +0.153%, 7d avg −0.017%

Together, before fees−0.356%+ Points / potential airdropAster: Stage 5 · farm board−$36 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: KuCoin is 0.170% dearer against Aster than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.04146	0.0100	pay 0.0050% / 4h	3h 31m	$70K	$1.0M	5x
Short	KuCoin SAGAUSDTM	0.04152	0.0100	get 0.0050% / 4h	3h 31m	$940K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.017%: $17.03
Slippage, 4 orders: −$228.93
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$231.9
Costs to cover: 2.489%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	18.16 bp	34.0 bp −$34	245.2 bp −$2,452	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	9.65 bp	78.5 bp −$79	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
Coinbase International SAGA-PERP-INTX	−0.0408%	1h	0.04131	−0.353%	$54K	$456K	25x	as long as short
Hyperliquid SAGA	−0.0285%	1h	0.04118	−0.667%	$2.3M	$345K	3x	as long as short
BloFin SAGA-USDT	+0.0094%	4h	0.04130	−0.377%	$1.1M	$588K	20x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.04146	long leg	$70K	$1.0M	5x
Binance SAGAUSDT	+0.0100%	4h	0.04141	−0.106%	$20.8M	$155.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04150	+0.105%	$6.4M	$9.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04139	−0.160%	$3.1M	$7.4M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.04152	+0.153%	$940K	$3.2M	20x
Extended SAGA-USD	+0.0104%	1h	0.04146	+0.020%	$3K	$159K	5x	as long as short
Bybit SAGAUSDT	+0.0118%	4h	0.04144	−0.032%	$4.1M	$22.6M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SAGA_USDC-PERPETUAL	+0.0233%	1h	0.04141	−0.112%	$3K	$28	10x	as long as short
BingX SAGA-USDT	+0.0342%	4h	0.04153	+0.177%	—	$2.3M	—	as long as short
Variational Omni SAGA	+0.0569%	4h	0.04139	−0.170%	$6K	$122K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.1544%	1h	0.04143	−0.058%	$85K	$729K	20x	as long as short