SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.096%

Price spread now: KuCoin against MEXC+0.025%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2322.319% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.025%, 7d avg −0.040%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.066% dearer against MEXC than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.040%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03923	0.0100	pay 0.0050% / 4h	12m 56s	$2.7M	$6.1M	50x
Short	KuCoin SAGAUSDTM	0.03924	−0.0004	pay 0.0002% / 4h	12m 56s	$782K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$21.84
Price spread: +0.025% → −0.040%: $6.58
Slippage, 4 orders: −$215.9
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$247.16
Costs to cover: 2.319%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	1.28 bp	12.0 bp −$12	50.5 bp −$505	651.4 bp −$65.1K	doesn't fit
Sell KuCoin live order book, 4 min ago	19.16 bp	87.7 bp −$88	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
Kraken Futures PF_SAGAUSD	−0.0766%	1h	0.03915	−0.198%	$70K	$716K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03907	−0.408%	$48K	$432K	25x	as long as short
KuCoin SAGAUSDTMshort	−0.0004%	4h	0.03924	+0.025%	$782K	$3.1M	20x
BloFin SAGA-USDT	+0.0090%	4h	0.03917	−0.153%	$995K	$421K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03913	−0.255%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03922	−0.034%	$71K	$895K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03922	−0.028%	$19.4M	$134.6M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03927	+0.115%	$3.8M	$18.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03935	+0.306%	$6.0M	$9.1M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03923	long leg	$2.7M	$6.1M	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0100%	4h	0.03925	+0.051%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03916	−0.185%	$4K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03924	+0.020%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1282%	1h	0.03923	0.000%	$3K	$28	10x	as long as short