Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aster against Binance−0.076%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1171.174% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.076%, 7d avg −0.030%

Together, before fees+0.236%+ Points / potential airdropAster: Stage 5 · farm board+$24 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: Aster is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03919	0.0100	pay 0.0050% / 4h	3h 06m	$19.4M	$121.3M	20x
Short	Aster SAGAUSDT	0.03916	0.0100	get 0.0050% / 4h	3h 06m	$70K	$860K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.030%: −$4.64
Slippage, 4 orders: −$99.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$122.06
Costs to cover: 1.174%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Aster: live order book, 62 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 Binance live order book, 7 min ago	1.27 bp	21.1 bp −$21	123.7 bp −$1,237	doesn't fit	doesn't fit
Sell Aster live order book, 62 min ago	12.76 bp	38.9 bp −$39	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	−0.0693%	1h	0.03915	−0.106%	$70K	$675K	20x	as long as short
BloFin SAGA-USDT	+0.0078%	4h	0.03901	−0.454%	$979K	$322K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03902	−0.429%	$46K	$424K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03892	−0.684%	$2.2M	$302K	3x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.03916	−0.076%	$70K	$860K	5x
Binance SAGAUSDTlong	+0.0100%	4h	0.03919	long leg	$19.4M	$121.3M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03928	+0.235%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03918	−0.021%	$2.6M	$6.0M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03912	−0.174%	$769K	$2.9M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03917	−0.052%	$2K	$131K	5x	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	+0.0274%	4h	0.03920	+0.034%	$4K	$91K	—	as long as short
Bybit SAGAUSDT	+0.0686%	4h	0.03924	+0.132%	$3.8M	$16.4M	20x	as long as short
BingX SAGA-USDT	+0.0700%	4h	0.03921	+0.056%	—	$2.1M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1283%	1h	0.03919	+0.005%	$3K	$28	10x	as long as short