Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.105%

Price spread now: Gate against Binance+0.458%7-day average +0.198% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$2032.031% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.864%+$86 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.458%, 7d avg +0.198%

Together, before fees+0.749%+$75 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 0.260% dearer against Binance than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.198%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.04191	0.0100	pay 0.0050% / 4h	2h 12m	$20.8M	$97.4M	20x
Short	Gate SAGA_USDT	0.04210	0.0100	get 0.0050% / 4h	2h 12m	$6.4M	$7.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.458%Rate

Funding earned: $0
Price spread: +0.458% → +0.198%: $25.96
Slippage, 4 orders: −$178.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$177.18
Costs to cover: 2.031%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	1.19 bp	16.5 bp −$17	26.1 bp −$261	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.75 bp	81.2 bp −$81	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
Hyperliquid SAGA	−0.0030%	1h	0.04173	−0.425%	$2.3M	$258K	3x	as long as short
Kraken Futures PF_SAGAUSD	+0.0092%	1h	0.04184	−0.166%	$78K	$615K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04193	+0.058%	$71K	$727K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.04191	long leg	$20.8M	$97.4M	20x
Gate SAGA_USDTshort	+0.0100%	4h	0.04210	+0.458%	$6.4M	$7.7M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.04191	+0.004%	$3.0M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04188	−0.067%	$830K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04193	+0.050%	$4K	$192K	5x	as long as short
BloFin SAGA-USDT	+0.0154%	4h	0.04183	−0.187%	$1.1M	$212K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.04200	+0.219%	$46K	$403K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0231%	4h	0.04191	0.000%	$4.1M	$14.4M	20x	as long as short
BingX SAGA-USDT	+0.0260%	4h	0.04188	−0.067%	—	$1.9M	—	as long as short
Variational Omni SAGA	+0.0474%	4h	0.04187	−0.087%	$6K	$46K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0704%	1h	0.04195	+0.100%	$3K	—	10x	as long as short