Funding you earn now, next payment 04:00 UTC−0.0251%/8h= −27.5% APRnext payment −$1.26 per $10,000 · paid last 24h −0.054%
Price spread now: Aster against Bybit+0.030%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 5 days (all we have)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.030%, 7d avg −0.087%
=Together, before fees+0.029%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.117% dearer against Bybit than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.087%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.005% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.26 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 | Bybit SAGAUSDT | 0.03949 | 0.0351 | pay 0.0176% / 4h | 2h 47m | $3.9M | $16.0M | 20x |
| Short | Aster SAGAUSDT | 0.03951 | 0.0100 | get 0.0050% / 4h | 2h 47m | $71K | $848K | 5x |
Bybit SAGAUSDT
Aster SAGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.74
- Price spread: +0.030% → −0.087%
- $11.69
- Slippage, 4 orders
- −$123.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$183.94
- Costs to cover
- 1.429%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 15 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 Bybit live order book, 1 min ago | 1.14 bp | 34.5 bp −$34 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell Aster live order book, 15 min ago | 15.18 bp | 43.6 bp −$44 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAGA | −0.2083% | 1h | 0.03938 | −0.289% | $2.2M | $293K | 3x | as long as short |
| Kraken Futures PF_SAGAUSD | −0.0038% | 1h | 0.03947 | −0.062% | $70K | $668K | 20x | as long as short |
| BloFin SAGA-USDT | +0.0092% | 4h | 0.03964 | +0.370% | $1.0M | $318K | 20x | as long as short |
| Aster SAGAUSDTshort | +0.0100% | 4h | 0.03951 | +0.030% | $71K | $848K | 5x | |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03948 | −0.035% | $19.6M | $117.9M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03967 | +0.446% | $6.1M | $8.3M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03948 | −0.035% | $2.6M | $5.4M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03951 | +0.041% | $782K | $2.9M | 20x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03947 | −0.054% | $3K | $131K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0104% | 1h | 0.03955 | +0.142% | $47K | $426K | 25x | as long as short |
Hyperliquid SAGA
Kraken Futures PF_SAGAUSD
BloFin SAGA-USDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
Extended SAGA-USD
Coinbase International SAGA-PERP-INTXShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0264% | 4h | 0.03971 | +0.545% | $4K | $89K | — | as long as short |
| Bybit SAGAUSDTlong | +0.0351% | 4h | 0.03949 | long leg | $3.9M | $16.0M | 20x | |
| BingX SAGA-USDT | +0.0392% | 4h | 0.03947 | −0.061% | — | $2.1M | — | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.1271% | 1h | 0.03950 | +0.015% | $3K | $28 | 10x | as long as short |
Variational Omni SAGA
BingX SAGA-USDT
Deribit SAGA_USDC-PERPETUAL