SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0722%/8h= +79.1% APRnext payment +$3.61 per $10,000 · paid last 24h −0.048%

Price spread now: Bybit against Gate−0.319%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$349as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2672.672% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.822%−$82 on $10k

Price spread, last 7 days+0.167%+$17 · spread now −0.319%, 7d avg −0.115%

Together, before fees−0.655%−$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.204% cheaper against Gate than usual: you would sell low and buy high (spread −0.319% now, against its 7-day average of −0.115%). If the spread goes back, that is −$20 on $10k: about 23 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.822%, 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	0.04011	0.0100	pay 0.0050% / 4h	3h 28m	$6.1M	$7.7M	20x
Short	Bybit SAGAUSDT	0.03998	0.0822	get 0.0411% / 4h	3h 28m	$3.9M	$14.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.319%Rate

Funding earned: $151.71
Price spread: −0.319% → −0.115%: −$20.36
Slippage, 4 orders: −$241.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.88
Costs to cover: 2.672%
Break-even: 13.3 days

Slippage from Gate: live order book, 5 min ago; Bybit: 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 Gate live order book, 5 min ago	12.41 bp	104.0 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.74 bp	45.6 bp −$46	123.9 bp −$1,239	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
Kraken Futures PF_SAGAUSD	−0.0695%	1h	0.03997	−0.353%	$74K	$636K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03990	−0.524%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04003	−0.204%	$71K	$758K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03995	−0.397%	$19.7M	$99.1M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.04011	long leg	$6.1M	$7.7M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.04000	−0.274%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04006	−0.125%	$785K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03998	−0.329%	$3K	$138K	5x	as long as short
BloFin SAGA-USDT	+0.0117%	4h	0.04009	−0.050%	$1.0M	$216K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03991	−0.499%	$45K	$392K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0415%	4h	0.04024	+0.315%	$4K	$45K	—	as long as short
BingX SAGA-USDT	+0.0786%	4h	0.04001	−0.249%	—	$2.0M	—	as long as short
Bybit SAGAUSDTshort	+0.0822%	4h	0.03998	−0.319%	$3.9M	$14.3M	20x
Deribit SAGA_USDC-PERPETUAL	+0.1002%	1h	0.03998	−0.324%	$3K	$28	10x	as long as short