Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Binance against Variational Omni+0.240%7-day average +0.104% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.528%−$53 · spread now +0.240%, 7d avg +0.104%

Together, before fees−0.546%+ Points / potential airdropVariational Omni: Active · farm board−$55 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: Binance is 0.135% dearer against Variational Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SAGA	0.03922	0.0100	pay 0.0050% / 4h	3h 35m	$4K	$100K	—
Short	Binance SAGAUSDT	0.03932	0.0100	get 0.0050% / 4h	3h 35m	$19.4M	$126.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → +0.104%: $13.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $3.54
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Binance: live order book, 7 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 38 min ago	3.82 bp	doesn't fit	138.8 bp −$1,388	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.53 bp	22.4 bp −$22	96.4 bp −$964	825.0 bp −$82.5K	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	−0.0692%	1h	0.03917	−0.137%	$70K	$682K	20x	as long as short
KuCoin SAGAUSDTM	+0.0064%	4h	0.03933	+0.272%	$781K	$3.0M	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03920	−0.060%	$47K	$430K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03913	−0.238%	$2.2M	$317K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03925	+0.057%	$70K	$884K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03932	+0.240%	$19.4M	$126.4M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03943	+0.527%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03930	+0.195%	$2.6M	$5.9M	50x	as long as short
Variational Omni SAGAlong	+0.0100%	4h	0.03922	long leg	$4K	$100K	—
Extended SAGA-USD	+0.0104%	1h	0.03932	+0.248%	$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	+0.0124%	4h	0.03907	−0.391%	$992K	$364K	20x	as long as short
BingX SAGA-USDT	+0.0300%	4h	0.03936	+0.348%	—	$2.1M	—	as long as short
Bybit SAGAUSDT	+0.0852%	4h	0.03936	+0.356%	$3.8M	$17.1M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1794%	1h	0.03922	−0.009%	$3K	$28	10x	as long as short