Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Extended against Binance−0.066%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1351.350% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.066%, 7d avg +0.021%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · farm board+$10 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 0.086% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03862	0.0100	pay 0.0050% / 4h	1h 07m	$19.1M	$139.2M	20x
Short	Extended SAGA-USD	0.03859	0.0104	get 0.0013% / 1h	7m 54s	$3K	$159K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0.84
Price spread: −0.066% → +0.021%: −$8.62
Slippage, 4 orders: −$119.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$142.77
Costs to cover: 1.350%
Break-even: 1196.7 days

Slippage from Binance: live order book, 5 min ago; Extended: live order book, 8 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, 5 min ago	1.29 bp	21.3 bp −$21	121.6 bp −$1,216	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	5.53 bp	38.3 bp −$38	307.4 bp −$3,074	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	−0.0168%	1h	0.03841	−0.544%	$48K	$437K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03855	−0.181%	$2.1M	$341K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03857	−0.137%	$73K	$921K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03862	long leg	$19.1M	$139.2M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03862	+0.013%	$3.7M	$19.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03874	+0.311%	$5.9M	$9.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03860	−0.052%	$2.6M	$6.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03871	+0.233%	$806K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03865	+0.078%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03877	+0.394%	$6K	$112K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USDshort	+0.0104%	1h	0.03859	−0.066%	$3K	$159K	5x
BloFin SAGA-USDT	+0.0132%	4h	0.03875	+0.337%	$991K	$448K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0186%	1h	0.03854	−0.214%	$70K	$728K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0788%	1h	0.03856	−0.155%	$3K	$28	10x	as long as short