Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.181%

Price spread now: KuCoin against Gate−0.378%7-day average −0.191% · you buy dearer than you sell

Net, funding: paid 7d − costs−$567as in the Funding arb table

Net, price: spread back to 7d avg − costs−$502as in the Price arb table

costs, in and out, $10k−$4844.837% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.833%−$83 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.378%, 7d avg −0.191%

Together, before fees−0.740%−$74 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: KuCoin is 0.188% cheaper against Gate than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.191%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.04231	0.0100	pay 0.0050% / 4h	2h 04m	$6.4M	$7.7M	20x
Short	KuCoin SAGAUSDTM	0.04215	0.0100	get 0.0050% / 4h	2h 04m	$837K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.378%Rate

Funding earned: $0
Price spread: −0.378% → −0.191%: −$18.75
Slippage, 4 orders: −$456.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$502.49
Costs to cover: 4.837%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 2 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	8.36 bp	109.4 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	19.11 bp	145.9 bp −$146	doesn't fit	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	+0.0035%	1h	0.04181	−1.182%	$2.3M	$257K	3x	as long as short
Kraken Futures PF_SAGAUSD	+0.0092%	1h	0.04202	−0.690%	$78K	$616K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04210	−0.496%	$72K	$724K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04211	−0.478%	$20.8M	$97.7M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.04231	long leg	$6.4M	$7.7M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.04208	−0.544%	$3.0M	$4.2M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.04215	−0.378%	$837K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.04211	−0.483%	$4K	$192K	5x	as long as short
BloFin SAGA-USDT	+0.0148%	4h	0.04193	−0.898%	$1.1M	$217K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.04230	−0.024%	$46K	$405K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0182%	4h	0.04207	−0.565%	$4.1M	$14.4M	20x	as long as short
BingX SAGA-USDT	+0.0188%	4h	0.04216	−0.355%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0394%	4h	0.04206	−0.599%	$6K	$46K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0941%	1h	0.04204	−0.638%	$4K	—	10x	as long as short