Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.102%

Price spread now: Gate against Aster+0.378%7-day average +0.220% · 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−$248as in the Price arb table

costs, in and out, $10k−$2632.633% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.692%+$69 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.378%, 7d avg +0.220%

Together, before fees+0.410%+ Points / potential airdropAster: Stage 5 · farm board+$41 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: Gate is 0.158% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.220%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.04099	0.0100	pay 0.0050% / 4h	3h 56m	$66K	$695K	5x
Short	Gate SAGA_USDT	0.04115	0.0100	get 0.0050% / 4h	3h 56m	$6.2M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.378%Rate

Funding earned: $0
Price spread: +0.378% → +0.220%: $15.82
Slippage, 4 orders: −$240.35
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$247.53
Costs to cover: 2.633%
Break-even: never at this rate

Slippage from Aster: live order book, 36 min ago; Gate: live order book, 2 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, 36 min ago	13.27 bp	36.0 bp −$36	213.2 bp −$2,132	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.46 bp	75.9 bp −$76	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	−0.0851%	1h	0.04114	+0.360%	$78K	$546K	20x	as long as short
KuCoin SAGAUSDTM	−0.0038%	4h	0.04109	+0.232%	$815K	$2.6M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04086	−0.329%	$2.2M	$255K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.04099	long leg	$66K	$695K	5x
Binance SAGAUSDT	+0.0100%	4h	0.04101	+0.035%	$20.0M	$99.0M	20x	as long as short
Gate SAGA_USDTshort	+0.0100%	4h	0.04115	+0.378%	$6.2M	$7.1M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.04098	−0.036%	$2.8M	$4.3M	50x	as long as short
Variational Omni SAGA	+0.0100%	4h	0.04097	−0.054%	$4K	$43K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04099	−0.022%	$639	$178K	5x	as long as short
BloFin SAGA-USDT	+0.0110%	4h	0.04118	+0.451%	$950K	$291K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0440%	1h	0.04106	+0.159%	$42K	$383K	25x	as long as short
BingX SAGA-USDT	+0.0482%	4h	0.04100	+0.012%	—	$2.0M	—	as long as short
Bybit SAGAUSDT	+0.0591%	4h	0.04101	+0.027%	$3.9M	$15.5M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1452%	1h	0.04121	+0.525%	$3K	$124	10x	as long as short