Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.002%

Price spread now: BloFin against Extended−0.162%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1311.308% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.351%−$35 · spread now −0.162%, 7d avg −0.134%

Together, before fees−0.362%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.134%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.04276	0.0104	pay 0.0013% / 1h	27m 06s	$4K	$178K	5x
Short	BloFin SAGA-USDT	0.04269	0.0043	get 0.0022% / 4h	1h 27m	$1.1M	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$12.78
Price spread: −0.162% → −0.134%: −$2.76
Slippage, 4 orders: −$113.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$146.34
Costs to cover: 1.308%
Break-even: never at this rate

Slippage from Extended: live order book, 14 min ago; BloFin: 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, 14 min ago	6.82 bp	40.6 bp −$41	301.9 bp −$3,019	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.28 bp	17.4 bp −$17	122.2 bp −$1,222	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	−0.2586%	1h	0.04260	−0.372%	$2.3M	$261K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0601%	1h	0.04266	−0.227%	$79K	$565K	20x	as long as short
BloFin SAGA-USDTshort	+0.0043%	4h	0.04269	−0.162%	$1.1M	$288K	20x
Aster SAGAUSDT	+0.0100%	4h	0.04273	−0.075%	$63K	$713K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04275	−0.011%	$21.1M	$99.3M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04282	+0.142%	$4.2M	$14.9M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04296	+0.470%	$6.5M	$7.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04276	+0.002%	$3.2M	$4.4M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04280	+0.096%	$956K	$2.6M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04290	+0.330%	—	$2.0M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USDlong	+0.0104%	1h	0.04276	long leg	$4K	$178K	5x
Variational Omni SAGA	+0.0211%	4h	0.04330	+1.265%	$7K	$42K	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04270	−0.138%	$46K	$407K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0453%	1h	0.04268	−0.185%	$4K	—	10x	as long as short