Funding arb · Price arb /

SAGA

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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 +0.033%

Price spread now: Variational Omni against Binance+0.147%7-day average −0.113% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.382%+$38 · spread now +0.147%, 7d avg −0.113%

Together, before fees+0.400%+ Points / potential airdropVariational Omni: Active · farm board+$40 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: Variational Omni is 0.260% dearer against Binance than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03801	0.0100	pay 0.0050% / 4h	2h 04m	$18.9M	$145.5M	20x
Short	Variational Omni SAGA	0.03807	0.0100	get 0.0050% / 4h	2h 04m	$6K	$113K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → −0.113%: $26.01
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 min ago; Variational Omni: RFQ quote, 19 min ago. Net counts fees only.

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, 9 min ago	1.30 bp	26.8 bp −$27	137.6 bp −$1,376	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 19 min ago	5.01 bp	doesn't fit	122.8 bp −$1,228	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	0.03791	−0.271%	$48K	$435K	25x	as long as short
Hyperliquid SAGA	−0.0188%	1h	0.03789	−0.323%	$2.1M	$345K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03799	−0.063%	$68K	$973K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03801	long leg	$18.9M	$145.5M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.03798	−0.087%	$3.7M	$20.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03812	+0.282%	$5.9M	$9.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03795	−0.166%	$2.6M	$6.8M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03805	+0.098%	$852K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03801	−0.008%	—	$2.3M	—	as long as short
Variational Omni SAGAshort	+0.0100%	4h	0.03807	+0.147%	$6K	$113K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDT	+0.0102%	4h	0.03807	+0.150%	$987K	$488K	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03806	+0.118%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0540%	1h	0.03800	−0.034%	$3K	$28	10x	as long as short
Kraken Futures PF_SAGAUSD	+0.0979%	1h	0.03795	−0.167%	$75K	$727K	20x	as long as short