SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.056%

Price spread now: MEXC against Bybit−0.108%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.031%−$3 · spread now −0.108%, 7d avg −0.077%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAGAUSDT	0.04266	0.0224	pay 0.0112% / 4h	1h 15m	$4.2M	$15.0M	20x
Short	MEXC SAGA_USDT	0.04261	0.0100	get 0.0050% / 4h	1h 15m	$3.2M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$26.03
Price spread: −0.108% → −0.077%: −$3.06
Slippage, 4 orders: −$113.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$157.92
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago	3.20 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.35 bp	18.5 bp −$18	113.7 bp −$1,137	707.3 bp −$70.7K	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	−0.1858%	1h	0.04248	−0.413%	$2.3M	$262K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0603%	1h	0.04254	−0.265%	$79K	$561K	20x	as long as short
BloFin SAGA-USDT	+0.0071%	4h	0.04286	+0.478%	$1.1M	$289K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04260	−0.123%	$63K	$708K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04263	−0.069%	$21.1M	$99.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04265	−0.014%	$6.4M	$7.5M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.04261	−0.108%	$3.2M	$4.4M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.04260	−0.131%	$942K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04257	−0.205%	$4K	$172K	5x	as long as short
Bybit SAGAUSDTlong	+0.0224%	4h	0.04266	long leg	$4.2M	$15.0M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0229%	4h	0.04298	+0.760%	$6K	$42K	—	as long as short
BingX SAGA-USDT	+0.0234%	4h	0.04263	−0.061%	—	$2.0M	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04249	−0.389%	$45K	$405K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1398%	1h	0.04254	−0.272%	$4K	—	10x	as long as short