Funding arb · Price arb /

SAGA

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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 +0.035%

Price spread now: Variational Omni against Aster+0.067%7-day average −0.068% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now +0.067%, 7d avg −0.068%

Together, before fees+0.233%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$23 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: Variational Omni is 0.135% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAGAUSDT	0.03941	0.0100	pay 0.0050% / 4h	49m 49s	$71K	$912K	5x
Short	Variational Omni SAGA	0.03944	0.0100	get 0.0050% / 4h	49m 49s	$4K	$114K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.068%: $13.52
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.52
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 23 min ago; Variational Omni: RFQ quote, 29 min ago. Net counts fees only.

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, 23 min ago	20.61 bp	31.9 bp −$32	211.2 bp −$2,112	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 29 min ago	5.09 bp	doesn't fit	132.3 bp −$1,323	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	−0.0763%	1h	0.03928	−0.326%	$71K	$724K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03931	−0.254%	$49K	$436K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03926	−0.381%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDTlong	+0.0100%	4h	0.03941	long leg	$71K	$912K	5x
Binance SAGAUSDT	+0.0100%	4h	0.03931	−0.255%	$19.4M	$137.3M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03936	−0.122%	$3.8M	$18.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03950	+0.228%	$6.1M	$9.1M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03931	−0.254%	$2.7M	$6.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03942	+0.025%	$823K	$3.1M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03939	−0.051%	—	$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 SAGAshort	+0.0100%	4h	0.03944	+0.067%	$4K	$114K	—
Extended SAGA-USD	+0.0104%	1h	0.03937	−0.095%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0146%	4h	0.03956	+0.380%	$980K	$453K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0513%	1h	0.03933	−0.203%	$3K	$28	10x	as long as short