Settings8H · net · $10k
Funding arb · Price arb /

SAGA

all SAGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Aster−0.194%62s7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1191.193% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.038%−$4 on $10k
Price spread, last 3 days (all we have)−0.556%−$56 · spread now −0.194%, 7d avg −0.082%
Together, before fees−0.594%+ Points / potential airdropAster: Stage 5 · farm board−$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.111% cheaper against Aster than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.082%). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SAGAUSDT0.039400.0100pay 0.0050% / 4h24m 09s$71K$900K5x
ShortBloFin SAGA-USDT0.039320.0133get 0.0067% / 4h24m 09s$996K$430K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$6.96
Price spread: −0.194% → −0.082%
−$11.12
Slippage, 4 orders
−$99.34
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$123.5
Costs to cover
1.193%
Break-even
131.2 days
Slippage from Aster: live order book, 49 min ago; BloFin: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 49 min ago20.61 bp31.9 bp −$32211.2 bp −$2,112doesn't fitdoesn't fit
Sell BloFin live order book, 13 min ago1.27 bp26.2 bp −$2660.2 bp −$602doesn't fitdoesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SAGAUSD−0.0762%1h0.03936−0.092%$71K$723K20xas long as short
Coinbase International SAGA-PERP-INTX−0.0104%1h0.03935−0.117%$48K$436K25xas long as short
KuCoin SAGAUSDTM+0.0010%4h0.03938−0.041%$818K$3.1M20xas long as short
Hyperliquid SAGA+0.0100%1h0.03936−0.092%$2.2M$323K3xas long as short
Aster SAGAUSDTlong+0.0100%4h0.03940long leg$71K$900K5x
Binance SAGAUSDT+0.0100%4h0.03943+0.074%$19.5M$135.4M20xas long as short
Bybit SAGAUSDT+0.0100%4h0.03947+0.197%$3.8M$18.5M20xas long as short
Gate SAGA_USDT+0.0100%4h0.03953+0.339%$6.1M$9.1M20xas long as short
MEXC SAGA_USDT+0.0100%4h0.03941+0.035%$2.7M$6.1M50xas long as short
BingX SAGA-USDT+0.0100%4h0.03947+0.187%$2.2Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAGA+0.0100%4h0.03921−0.469%$4K$113Kas long as short
Extended SAGA-USD+0.0104%1h0.03942+0.065%$3K$159K5xas long as short
BloFin SAGA-USDTshort+0.0133%4h0.03932−0.194%$996K$430K20x
Deribit SAGA_USDC-PERPETUAL+0.0765%1h0.03944+0.111%$3K$2810xas long as short