Settings8H · net · $10k
Funding arb · Price arb /

SAGA

all SAGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.040%
Price spread now: Extended against BingX−0.131%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.131%, 7d avg +0.007%
Together, before fees+0.317%+ Points / potential airdropExtended: Active · farm board+$32 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 0.139% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SAGA-USDT0.039310.0100pay 0.0050% / 4h1h 52m$1.9M
ShortExtended SAGA-USD0.039260.0104get 0.0013% / 1h52m 26s$2K$181K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.131% → +0.007%
−$13.85
Slippage, 4 orders
−$111.42
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$139.44
Costs to cover
1.264%
Break-even
1169.0 days
Slippage from BingX: live order book, 9 min ago; Extended: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago3.83 bp20.4 bp −$2052.6 bp −$526572.5 bp −$57.2Kdoesn't fit
Sell Extended live order book, 56 min ago6.28 bp34.1 bp −$34296.9 bp −$2,969doesn't fitdoesn't fit

SAGA on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SAGAUSD−0.0854%1h0.03926−0.131%$72K$469K20xas long as short
Hyperliquid SAGA+0.0100%1h0.03917−0.356%$2.1M$203K3xas long as short
Aster SAGAUSDT+0.0100%4h0.03931−0.008%$70K$567K5xas long as short
Binance SAGAUSDT+0.0100%4h0.03928−0.067%$19.1M$86.9M20xas long as short
Bybit SAGAUSDT+0.0100%4h0.03930−0.025%$3.7M$14.6M20xas long as short
Gate SAGA_USDT+0.0100%4h0.03945+0.356%$6.0M$6.8M20xas long as short
MEXC SAGA_USDT+0.0100%4h0.03927−0.102%$2.7M$4.0M50xas long as short
KuCoin SAGAUSDTM+0.0100%4h0.03929−0.051%$774K$2.4M20xas long as short
BingX SAGA-USDTlong+0.0100%4h0.03931long leg$1.9M
Variational Omni SAGA+0.0100%4h0.03921−0.261%$4K$32Kas long as short
Show all 14 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended SAGA-USDshort+0.0104%1h0.03926−0.131%$2K$181K5x
BloFin SAGA-USDT+0.0153%4h0.039310.000%$986K$256K20xas long as short
Coinbase International SAGA-PERP-INTX+0.0296%1h0.03922−0.229%$39K$331K25xas long as short
Deribit SAGA_USDC-PERPETUAL+0.0514%1h0.039310.000%$3K$12410xas long as short