Funding you earn now, next payment 08:00 UTC−0.0660%/8h= −72.3% APRnext payment −$3.30 per $10,000 · paid last 24h −0.050%
Price spread now: BloFin against BingX+0.073%7-day average −0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.073%, 7d avg −0.134%
=The price spread pays, funding is against you. BloFin is 0.208% dearer against BingX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.134%): +$21 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.057% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAGA-USDT | 0.04086 | 0.0702 | pay 0.0351% / 4h | 2h 30m | — | $1.9M | — |
| Short | BloFin SAGA-USDT | 0.04089 | 0.0042 | get 0.0021% / 4h | 2h 30m | $1.0M | $212K | 20x |
BingX SAGA-USDT
BloFin SAGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$138.64
- Price spread: +0.073% → −0.134%
- $20.75
- Slippage, 4 orders
- −$93.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$233.31
- Costs to cover
- 1.154%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; BloFin: 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 BingX live order book, 2 min ago | 3.68 bp | 29.5 bp −$30 | 101.1 bp −$1,011 | 646.4 bp −$64.6K | doesn't fit |
| Sell BloFin live order book, 1 min ago | 6.15 bp | 28.9 bp −$29 | 110.0 bp −$1,100 | 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 | −0.0161% | 1h | 0.04049 | −0.906% | $2.2M | $254K | 3x | as long as short |
| BloFin SAGA-USDTshort | +0.0042% | 4h | 0.04089 | +0.073% | $1.0M | $212K | 20x | |
| Kraken Futures PF_SAGAUSD | +0.0095% | 1h | 0.04067 | −0.477% | $75K | $617K | 20x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04072 | −0.336% | $71K | $733K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.04080 | −0.146% | $20.2M | $96.5M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.04088 | +0.049% | $6.2M | $7.6M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04082 | −0.098% | $2.7M | $4.1M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.04079 | −0.171% | $793K | $2.5M | 20x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.04076 | −0.238% | $5K | $195K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0176% | 1h | 0.04081 | −0.122% | $45K | $388K | 25x | as long as short |
Hyperliquid SAGA
Kraken Futures PF_SAGAUSD
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
Extended SAGA-USD
Coinbase International SAGA-PERP-INTXShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0636% | 4h | 0.04080 | −0.135% | $4K | $44K | — | as long as short |
| Bybit SAGAUSDT | +0.0672% | 4h | 0.04078 | −0.188% | $4.0M | $14.2M | 20x | as long as short |
| BingX SAGA-USDTlong | +0.0702% | 4h | 0.04086 | long leg | — | $1.9M | — | |
| Deribit SAGA_USDC-PERPETUAL | +0.1467% | 1h | 0.04083 | −0.073% | $3K | — | 10x | as long as short |
Variational Omni SAGA
Bybit SAGAUSDT
Deribit SAGA_USDC-PERPETUAL