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 +0.295%

Price spread now: Gate against Binance+0.372%7-day average +0.188% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2152.150% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.865%+$87 on $10k

Price spread, last 7 days−0.247%−$25 · spread now +0.372%, 7d avg +0.188%

Together, before fees+0.618%+$62 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: Gate is 0.184% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.188%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03808	0.0100	pay 0.0050% / 4h	2h 08m	$18.9M	$146.0M	20x
Short	Gate SAGA_USDT	0.03822	0.0100	get 0.0050% / 4h	2h 08m	$5.9M	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.372%Rate

Funding earned: $0
Price spread: +0.372% → +0.188%: $18.4
Slippage, 4 orders: −$190
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$196.6
Costs to cover: 2.150%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Gate: live order book, just now.

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	1.30 bp	26.8 bp −$27	137.6 bp −$1,376	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.93 bp	79.2 bp −$79	335.9 bp −$3,359	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	−0.0288%	1h	0.03822	+0.372%	$49K	$438K	25x	as long as short
Hyperliquid SAGA	−0.0237%	1h	0.03800	−0.206%	$2.1M	$345K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03809	+0.023%	$68K	$973K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03808	long leg	$18.9M	$146.0M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03809	+0.018%	$3.7M	$20.5M	20x	as long as short
Gate SAGA_USDTshort	+0.0100%	4h	0.03822	+0.372%	$5.9M	$9.5M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03809	+0.031%	$2.6M	$6.8M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03815	+0.188%	$854K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03811	+0.083%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03797	−0.282%	$6K	$113K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03808	−0.003%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0158%	4h	0.03825	+0.451%	$991K	$495K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0801%	1h	0.03809	+0.031%	$3K	$28	10x	as long as short
Kraken Futures PF_SAGAUSD	+0.0976%	1h	0.03804	−0.101%	$76K	$727K	20x	as long as short