Funding arb · Price arb /

SAGA

all SAGA markets

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 −0.053%

Price spread now: Binance against BingX+0.139%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$880.884% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.189%−$19 · spread now +0.139%, 7d avg −0.032%

Together, before fees−0.247%−$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: Binance is 0.171% dearer against BingX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.04151	0.0100	pay 0.0050% / 4h	20m 31s	—	$2.0M	—
Short	Binance SAGAUSDT	0.04157	0.0100	get 0.0050% / 4h	20m 31s	$20.3M	$100.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → −0.032%: $17.1
Slippage, 4 orders: −$68.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.25
Costs to cover: 0.884%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Binance: 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 BingX live order book, 2 min ago	3.63 bp	20.0 bp −$20	70.9 bp −$709	634.0 bp −$63.4K	doesn't fit
Sell Binance live order book, 7 min ago	2.40 bp	20.7 bp −$21	87.8 bp −$878	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
Kraken Futures PF_SAGAUSD	−0.0420%	1h	0.04114	−0.894%	$76K	$551K	20x	as long as short
KuCoin SAGAUSDTM	−0.0042%	4h	0.04150	−0.024%	$845K	$2.7M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04121	−0.723%	$2.3M	$259K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04154	+0.072%	$65K	$701K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.04157	+0.139%	$20.3M	$100.0M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.04159	+0.200%	$4.0M	$15.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04165	+0.337%	$6.3M	$7.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04150	−0.024%	$2.8M	$4.4M	50x	as long as short
BingX SAGA-USDTlong	+0.0100%	4h	0.04151	long leg	—	$2.0M	—
Variational Omni SAGA	+0.0100%	4h	0.04118	−0.789%	$4K	$42K	—	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	0.04153	+0.039%	$3K	$182K	5x	as long as short
BloFin SAGA-USDT	+0.0137%	4h	0.04125	−0.626%	$1.0M	$291K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0448%	1h	0.04112	−0.940%	$42K	$388K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0724%	1h	0.04112	−0.940%	$3K	$124	10x	as long as short