Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.094%

Price spread now: KuCoin against Aster+0.058%7-day average −0.016% · 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−$272as in the Price arb table

costs, in and out, $10k−$2802.798% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.058%, 7d avg −0.016%

Together, before fees−0.118%+ Points / potential airdropAster: Stage 5 · farm board−$12 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: KuCoin is 0.074% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03919	0.0100	pay 0.0050% / 4h	1h 48m	$70K	$975K	5x
Short	KuCoin SAGAUSDTM	0.03921	0.0100	get 0.0050% / 4h	1h 48m	$875K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.016%: $7.43
Slippage, 4 orders: −$259.82
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$272.39
Costs to cover: 2.798%
Break-even: never at this rate

Slippage from Aster: live order book, 29 min ago; KuCoin: live order book, 3 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, 29 min ago	17.87 bp	33.7 bp −$34	262.4 bp −$2,624	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.77 bp	114.8 bp −$115	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
Coinbase International SAGA-PERP-INTX	−0.0168%	1h	0.03943	+0.620%	$50K	$447K	25x	as long as short
BloFin SAGA-USDT	+0.0089%	4h	0.03914	−0.120%	$979K	$461K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03907	−0.299%	$2.2M	$345K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03919	long leg	$70K	$975K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03920	+0.023%	$19.4M	$143.0M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03919	+0.010%	$3.8M	$19.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03930	+0.288%	$6.0M	$9.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03921	+0.058%	$2.7M	$6.5M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.03921	+0.058%	$875K	$3.1M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03916	−0.069%	—	$2.2M	—	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	+0.0100%	4h	0.03827	−2.342%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03917	−0.034%	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0184%	1h	0.03908	−0.265%	$71K	$728K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0518%	1h	0.03910	−0.222%	$3K	$28	10x	as long as short