SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0200%/8h= +21.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.099%

Price spread now: BingX against Gate−0.126%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2192.189% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.809%−$81 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.126%, 7d avg −0.150%

Together, before fees−0.693%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.809%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03953	0.0100	pay 0.0050% / 4h	3h 34m	$6.1M	$8.6M	20x
Short	BingX SAGA-USDT	0.03948	0.0300	get 0.0150% / 4h	3h 34m	—	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $42
Price spread: −0.126% → −0.150%: $2.36
Slippage, 4 orders: −$193.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$174.52
Costs to cover: 2.189%
Break-even: 36.1 days

Slippage from Gate: live order book, 4 min ago; BingX: live order book, 8 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 Gate live order book, 4 min ago	8.85 bp	107.8 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	3.79 bp	24.4 bp −$24	60.0 bp −$600	587.3 bp −$58.7K	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
Kraken Futures PF_SAGAUSD	−0.0691%	1h	0.03922	−0.773%	$70K	$682K	20x	as long as short
KuCoin SAGAUSDTM	+0.0070%	4h	0.03946	−0.177%	$783K	$3.0M	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03911	−1.062%	$47K	$430K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03935	−0.455%	$2.2M	$317K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03930	−0.582%	$71K	$884K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03945	−0.195%	$19.5M	$126.2M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03953	long leg	$6.1M	$8.6M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03940	−0.329%	$2.6M	$5.9M	50x	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03922	−0.776%	$4K	$100K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03930	−0.580%	$4K	$153K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDT	+0.0132%	4h	0.03912	−1.037%	$998K	$364K	20x	as long as short
BingX SAGA-USDTshort	+0.0300%	4h	0.03948	−0.126%	—	$2.1M	—
Bybit SAGAUSDT	+0.0740%	4h	0.03953	0.000%	$3.8M	$17.1M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1279%	1h	0.03931	−0.557%	$3K	$28	10x	as long as short