SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0638%/8h= +69.8% APRnext payment +$3.19 per $10,000 · paid last 24h +0.054%

Price spread now: Bybit against Aster+0.130%7-day average +0.086% · 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−$147as in the Price arb table

costs, in and out, $10k−$1511.514% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.130%, 7d avg +0.086%

Together, before fees−0.272%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bybit is 0.045% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.086%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.005% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.19 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	0.03911	0.0100	pay 0.0050% / 4h	3h 09m	$70K	$860K	5x
Short	Bybit SAGAUSDT	0.03916	0.0738	get 0.0369% / 4h	3h 09m	$3.8M	$16.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.130%Rate

Funding earned: $133.93
Price spread: +0.130% → +0.086%: $4.48
Slippage, 4 orders: −$132.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.99
Costs to cover: 1.514%
Break-even: 7.7 days

Slippage from Aster: live order book, 59 min ago; Bybit: 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 Aster live order book, 59 min ago	12.76 bp	33.3 bp −$33	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.66 bp	40.5 bp −$40	107.0 bp −$1,070	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	−0.0694%	1h	0.03909	−0.055%	$70K	$682K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03901	−0.248%	$46K	$425K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03891	−0.504%	$2.2M	$302K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03911	long leg	$70K	$860K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03915	+0.119%	$19.4M	$122.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03927	+0.417%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03912	+0.033%	$2.6M	$6.0M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03913	+0.059%	$769K	$2.9M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03912	+0.030%	$2K	$131K	5x	as long as short
BloFin SAGA-USDT	+0.0113%	4h	0.03908	−0.069%	$982K	$327K	20x	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	+0.0266%	4h	0.03909	−0.038%	$4K	$91K	—	as long as short
Bybit SAGAUSDTshort	+0.0738%	4h	0.03916	+0.130%	$3.8M	$16.6M	20x
BingX SAGA-USDT	+0.0766%	4h	0.03912	+0.033%	—	$2.1M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1285%	1h	0.03914	+0.084%	$3K	$28	10x	as long as short