SAGA

Alert

Funding spread now, next payment 20:00 UTC−0.0732%/8h

next payment, per $10,000−$3.66paid, last 24h−0.023%paid, last 7 days−0.028%to open and close $10k−$83

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAGA-USDT	0.03967	0.0832	pay 0.0416% / 4h	2h 06m	—	$2.5M	—
Short	MEXC SAGA_USDT	0.03966	0.0100	get 0.0050% / 4h	2h 06m	$3.2M	$9.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersRate

Funding earned: −$153.72
Slippage, 4 orders: −$69.22
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$236.94
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.025%
Avg gap 7d: −0.031%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 4 min ago	2.52 bp	20.0 bp −$20	72.8 bp −$728	503.0 bp −$50.3K	doesn't fit
Sell MEXC live order book, 2 min ago	2.52 bp	17.9 bp −$18	103.2 bp −$1,032	712.1 bp −$71.2K	doesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	−0.1896%	1h	$53K	$371K	25x	as long as short
KuCoin SAGAUSDTM	−0.0306%	4h	$1.2M	$3.0M	20x	as long as short
BloFin SAGA-USDT	+0.0063%	4h	$1.1M	$617K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	$2.2M	$355K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	$81K	$1.1M	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	$20.0M	$178.3M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	$3.2M	$9.3M	50x
Extended SAGA-USD	+0.0104%	1h	$3K	$172K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0462%	1h	$88K	$725K	20x	as long as short
Variational Omni SAGA	+0.0494%	4h	$4K	$160K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit SAGA_USDC-PERPETUAL	+0.0509%	1h	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.0825%	4h	$4.2M	$26.3M	20x	as long as short
BingX SAGA-USDTlong	+0.0832%	4h	—	$2.5M	—
Gate SAGA_USDT	+0.1512%	4h	$7.3M	$9.2M	20x	as long as short