Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Binance−0.172%7-day average −0.029% · 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−$146as in the Price arb table

costs, in and out, $10k−$1321.317% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.172%, 7d avg −0.029%

Together, before fees+0.255%+ Points / potential airdropAster: Stage 5 · farm board+$25 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: Aster is 0.143% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.04079	0.0100	pay 0.0050% / 4h	2h 35m	$20.2M	$96.5M	20x
Short	Aster SAGAUSDT	0.04072	0.0100	get 0.0050% / 4h	2h 35m	$71K	$732K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.029%: −$14.27
Slippage, 4 orders: −$113.68
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$145.95
Costs to cover: 1.317%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Aster: live order book, 7 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 Binance live order book, 7 min ago	1.26 bp	30.0 bp −$30	189.1 bp −$1,891	doesn't fit	doesn't fit
Sell Aster live order book, 7 min ago	18.83 bp	42.7 bp −$43	323.4 bp −$3,234	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
Hyperliquid SAGA	+0.0013%	1h	0.04030	−1.197%	$2.2M	$254K	3x	as long as short
BloFin SAGA-USDT	+0.0095%	4h	0.04001	−1.908%	$1.0M	$208K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0095%	1h	0.04050	−0.706%	$75K	$617K	20x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.04072	−0.172%	$71K	$732K	5x
Binance SAGAUSDTlong	+0.0100%	4h	0.04079	long leg	$20.2M	$96.5M	20x
Gate SAGA_USDT	+0.0100%	4h	0.04095	+0.397%	$6.2M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04073	−0.142%	$2.7M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04073	−0.142%	$787K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04084	+0.126%	$5K	$195K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.04041	−0.927%	$45K	$384K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0627%	4h	0.04065	−0.328%	$4K	$44K	—	as long as short
BingX SAGA-USDT	+0.0646%	4h	0.04080	+0.029%	—	$1.9M	—	as long as short
Bybit SAGAUSDT	+0.0695%	4h	0.04078	−0.030%	$4.0M	$14.2M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1475%	1h	0.04065	−0.338%	$3K	—	10x	as long as short