Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Binance against Extended+0.016%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1401.403% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.016%, 7d avg −0.021%

Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$4 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 0.037% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.03895	0.0104	pay 0.0013% / 1h	7m 22s	$5K	$129K	5x
Short	Binance SAGAUSDT	0.03896	0.0100	get 0.0050% / 4h	1h 07m	$19.3M	$103.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.84
Price spread: +0.016% → −0.021%: $3.69
Slippage, 4 orders: −$125.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$137.41
Costs to cover: 1.403%
Break-even: never at this rate

Slippage from Extended: live order book, 53 min ago; Binance: live order book, 5 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 Extended live order book, 53 min ago	7.03 bp	43.3 bp −$43	312.1 bp −$3,121	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.28 bp	27.6 bp −$28	98.3 bp −$983	726.0 bp −$72.6K	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
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.03901	+0.145%	$45K	$380K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03879	−0.420%	$2.1M	$269K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03903	+0.205%	$69K	$789K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03896	+0.016%	$19.3M	$103.6M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03910	+0.376%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03899	+0.094%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03896	+0.017%	$774K	$2.6M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03898	+0.068%	—	$2.0M	—	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.03895	long leg	$5K	$129K	5x
BloFin SAGA-USDT	+0.0113%	4h	0.03890	−0.137%	$994K	$216K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SAGAUSD	+0.0134%	1h	0.03892	−0.093%	$70K	$639K	20x	as long as short
Bybit SAGAUSDT	+0.0140%	4h	0.03901	+0.153%	$3.8M	$14.4M	20x	as long as short
Variational Omni SAGA	+0.0159%	4h	0.03900	+0.132%	$4K	$52K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0777%	1h	0.03897	+0.043%	$3K	$28	10x	as long as short