SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0600%/8h= +65.7% APRnext payment +$3.00 per $10,000 · paid last 24h +0.053%

Price spread now: BingX against Aster+0.070%7-day average +0.043% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1241.235% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.070%, 7d avg +0.043%

Together, before fees−0.312%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BingX is 0.027% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.014% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03920	0.0100	pay 0.0050% / 4h	3h 05m	$70K	$860K	5x
Short	BingX SAGA-USDT	0.03923	0.0700	get 0.0350% / 4h	3h 05m	—	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $126
Price spread: +0.070% → +0.043%: $2.71
Slippage, 4 orders: −$105.5
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $5.21
Costs to cover: 1.235%
Break-even: 6.7 days

Slippage from Aster: live order book, 62 min ago; BingX: live order book, 12 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 Aster live order book, 62 min ago	12.76 bp	33.3 bp −$33	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	3.85 bp	27.2 bp −$27	65.0 bp −$650	527.8 bp −$52.8K	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	−0.0693%	1h	0.03915	−0.142%	$70K	$675K	20x	as long as short
BloFin SAGA-USDT	+0.0078%	4h	0.03901	−0.491%	$979K	$322K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03902	−0.465%	$46K	$424K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03899	−0.542%	$2.2M	$302K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03920	long leg	$70K	$860K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03920	−0.006%	$19.4M	$121.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03939	+0.479%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03919	−0.032%	$2.6M	$6.0M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03918	−0.057%	$772K	$2.9M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03918	−0.056%	$2K	$131K	5x	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	+0.0274%	4h	0.03920	−0.003%	$4K	$91K	—	as long as short
Bybit SAGAUSDT	+0.0625%	4h	0.03923	+0.070%	$3.8M	$16.3M	20x	as long as short
BingX SAGA-USDTshort	+0.0700%	4h	0.03923	+0.070%	—	$2.1M	—
Deribit SAGA_USDC-PERPETUAL	+0.1283%	1h	0.03919	−0.032%	$3K	$28	10x	as long as short