Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against Aster+0.075%7-day average +0.024% · 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−$98as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.075%, 7d avg +0.024%

Together, before fees−0.437%+ Points / potential airdropAster: Stage 5 · farm board−$44 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: MEXC is 0.051% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03910	0.0100	pay 0.0050% / 4h	15m 57s	$69K	$768K	5x
Short	MEXC SAGA_USDT	0.03913	0.0100	get 0.0050% / 4h	15m 57s	$2.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.024%: $5.1
Slippage, 4 orders: −$91.3
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$98.2
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from Aster: live order book, 37 min ago; MEXC: live order book, 1 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, 37 min ago	16.64 bp	33.1 bp −$33	197.9 bp −$1,979	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.56 bp	14.0 bp −$14	108.6 bp −$1,086	730.2 bp −$73.0K	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
Hyperliquid SAGA	−0.0344%	1h	0.03895	−0.386%	$2.2M	$263K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0264%	1h	0.03904	−0.163%	$69K	$643K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0080%	1h	0.03903	−0.181%	$44K	$381K	25x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03910	long leg	$69K	$768K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03915	+0.115%	$19.3M	$100.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03913	+0.070%	$3.8M	$14.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03920	+0.254%	$5.9M	$7.8M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.03913	+0.075%	$2.5M	$4.5M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03907	−0.079%	$776K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03911	+0.031%	$7K	$131K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDT	+0.0112%	4h	0.03914	+0.100%	$987K	$214K	20x	as long as short
BingX SAGA-USDT	+0.0120%	4h	0.03914	+0.100%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0134%	4h	0.03909	−0.039%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1030%	1h	0.03910	−0.002%	$3K	$28	10x	as long as short