SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against BloFin−0.003%7-day average +0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.435%+$43 · spread now −0.003%, 7d avg +0.121%

Together, before fees+0.434%+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.124% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.121%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAGA-USDT	0.04055	0.0123	pay 0.0062% / 4h	15m 01s	$1.0M	$287K	20x
Short	Binance SAGAUSDT	0.04055	0.0100	get 0.0050% / 4h	15m 01s	$19.8M	$99.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$4.86
Price spread: −0.003% → +0.121%: −$12.4
Slippage, 4 orders: −$53.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.55
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 13 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 BloFin live order book, 2 min ago	3.69 bp	18.9 bp −$19	91.9 bp −$919	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.40 bp	20.7 bp −$21	87.8 bp −$878	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	−0.0426%	1h	0.04055	+0.012%	$77K	$553K	20x	as long as short
KuCoin SAGAUSDTM	−0.0046%	4h	0.04063	+0.197%	$827K	$2.7M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04040	−0.370%	$2.2M	$259K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04056	+0.036%	$65K	$699K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.04055	−0.003%	$19.8M	$99.9M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.04055	+0.002%	$3.9M	$15.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04075	+0.493%	$6.1M	$7.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04057	+0.049%	$2.7M	$4.4M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04057	+0.049%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.04043	−0.306%	$4K	$43K	—	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	0.04059	+0.096%	$3K	$182K	5x	as long as short
BloFin SAGA-USDTlong	+0.0123%	4h	0.04055	long leg	$1.0M	$287K	20x
Coinbase International SAGA-PERP-INTX	+0.0448%	1h	0.04052	−0.074%	$41K	$382K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0984%	1h	0.04058	+0.074%	$3K	$124	10x	as long as short