Funding you earn now, next payment 08:00 UTC−0.3586%/8h= −392.7% APRnext payment −$17.93 per $10,000 · paid last 24h +0.052%
Price spread now: Gate against BingX+0.406%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2432.435% of the position
Funding, last 7 days+0.806%+$81 on $10k
+Price spread, last 7 days−0.287%−$29 · spread now +0.406%, 7d avg +0.156%
=The price spread pays, funding is against you. Gate is 0.250% dearer against BingX than usual: you sell high and buy low (spread +0.406% now, against its 7-day average of +0.156%): +$25 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.806%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.806% in total (about 42.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.93 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 | 0.03944 | 0.3686 | pay 0.1843% / 4h | 3h 53m | — | $2.0M | — |
| Short | Gate SAGA_USDT | 0.03960 | 0.0100 | get 0.0050% / 4h | 3h 53m | $6.0M | $7.6M | 20x |
BingX SAGA-USDT
Gate SAGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$753.06
- Price spread: +0.406% → +0.156%
- $24.96
- Slippage, 4 orders
- −$218.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$971.58
- Costs to cover
- 2.435%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago | 3.83 bp | 25.6 bp −$26 | 91.7 bp −$917 | 612.1 bp −$61.2K | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.08 bp | 88.1 bp −$88 | 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 | −0.0705% | 1h | 0.03943 | −0.016% | $70K | $642K | 20x | as long as short |
| Hyperliquid SAGA | −0.0625% | 1h | 0.03928 | −0.406% | $2.2M | $258K | 3x | as long as short |
| BloFin SAGA-USDT | +0.0087% | 4h | 0.03915 | −0.735% | $988K | $212K | 20x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03940 | −0.092% | $70K | $768K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03940 | −0.093% | $19.4M | $100.1M | 20x | as long as short |
| Gate SAGA_USDTshort | +0.0100% | 4h | 0.03960 | +0.406% | $6.0M | $7.6M | 20x | |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03942 | −0.051% | $2.5M | $4.1M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03942 | −0.051% | $750K | $2.6M | 20x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03940 | −0.104% | $5K | $131K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0248% | 1h | 0.03952 | +0.203% | $45K | $390K | 25x | as long as short |
Kraken Futures PF_SAGAUSD
Hyperliquid SAGA
BloFin SAGA-USDT
Aster SAGAUSDT
Binance SAGAUSDT
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 | +0.0273% | 4h | 0.03926 | −0.461% | $4K | $45K | — | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.1271% | 1h | 0.03950 | +0.152% | $3K | $28 | 10x | as long as short |
| Bybit SAGAUSDT | +0.2083% | 4h | 0.03947 | +0.068% | $3.8M | $14.3M | 20x | as long as short |
| BingX SAGA-USDTlong | +0.3686% | 4h | 0.03944 | long leg | — | $2.0M | — |
Variational Omni SAGA
Deribit SAGA_USDC-PERPETUAL
Bybit SAGAUSDT