Funding arb · Price arb /

SAGA

all SAGA markets

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 0.000%

Price spread now: MEXC against Binance−0.020%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.020%, 7d avg +0.002%

Together, before fees+0.003%$0 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: MEXC is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03916	0.0100	pay 0.0050% / 4h	3h 26m	$19.4M	$125.2M	20x
Short	MEXC SAGA_USDT	0.03915	0.0100	get 0.0050% / 4h	3h 26m	$2.6M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.002%: −$2.26
Slippage, 4 orders: −$73.19
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$89.45
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; MEXC: 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	1.27 bp	27.7 bp −$28	144.7 bp −$1,447	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.28 bp	16.2 bp −$16	79.4 bp −$794	517.0 bp −$51.7K	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	−0.0694%	1h	0.03907	−0.213%	$70K	$681K	20x	as long as short
BloFin SAGA-USDT	+0.0078%	4h	0.03933	+0.439%	$993K	$351K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03901	−0.378%	$46K	$427K	25x	as long as short
KuCoin SAGAUSDTM	+0.0098%	4h	0.03920	+0.107%	$778K	$3.0M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03907	−0.225%	$2.2M	$314K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03911	−0.127%	$70K	$878K	5x	as long as short
Binance SAGAUSDTlong	+0.0100%	4h	0.03916	long leg	$19.4M	$125.2M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03929	+0.337%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDTshort	+0.0100%	4h	0.03915	−0.020%	$2.6M	$5.9M	50x
Variational Omni SAGA	+0.0100%	4h	0.03930	+0.356%	$4K	$97K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03913	−0.071%	$2K	$138K	5x	as long as short
BingX SAGA-USDT	+0.0420%	4h	0.03908	−0.199%	—	$2.1M	—	as long as short
Bybit SAGAUSDT	+0.0510%	4h	0.03920	+0.115%	$3.8M	$16.9M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1286%	1h	0.03913	−0.072%	$3K	$28	10x	as long as short