Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Aster against MEXC−0.046%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.582%+$58 · spread now −0.046%, 7d avg −0.015%

Together, before fees+0.628%+ Points / potential airdropAster: Stage 5 · farm board+$63 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: Aster is 0.030% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.04127	0.0100	pay 0.0050% / 4h	3h 27m	$2.8M	$4.3M	50x
Short	Aster SAGAUSDT	0.04125	0.0100	get 0.0050% / 4h	3h 27m	$74K	$664K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.015%: −$3.01
Slippage, 4 orders: −$95.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$110.27
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Aster: live order book, 65 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 MEXC live order book, 4 min ago	1.21 bp	17.6 bp −$18	96.2 bp −$962	628.6 bp −$62.9K	doesn't fit
Sell Aster live order book, 65 min ago	13.27 bp	35.4 bp −$35	298.4 bp −$2,984	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	−0.0847%	1h	0.04138	+0.266%	$78K	$528K	20x	as long as short
KuCoin SAGAUSDTM	+0.0026%	4h	0.04127	0.000%	$815K	$2.6M	20x	as long as short
BloFin SAGA-USDT	+0.0083%	4h	0.04133	+0.145%	$1.1M	$283K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04142	+0.363%	$2.3M	$245K	3x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.04125	−0.046%	$74K	$664K	5x
Binance SAGAUSDT	+0.0100%	4h	0.04126	−0.015%	$20.2M	$95.6M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04118	−0.216%	$4.0M	$15.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04134	+0.170%	$6.2M	$7.2M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.04127	long leg	$2.8M	$4.3M	50x
BingX SAGA-USDT	+0.0100%	4h	0.04129	+0.048%	—	$1.9M	—	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	+0.0100%	4h	0.04145	+0.438%	$4K	$42K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04127	−0.003%	$5K	$183K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0440%	1h	0.04142	+0.363%	$42K	$383K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1198%	1h	0.04150	+0.557%	$3K	$124	10x	as long as short