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 −0.052%

Price spread now: Binance against Bybit−0.047%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.047%, 7d avg −0.082%

Together, before fees−0.060%−$6 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: Binance is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAGAUSDT	0.04006	0.0100	pay 0.0050% / 4h	1h 58m	$3.9M	$15.1M	20x
Short	Binance SAGAUSDT	0.04004	0.0100	get 0.0050% / 4h	1h 58m	$19.9M	$110.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.082%: $3.44
Slippage, 4 orders: −$95.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.89
Costs to cover: 1.163%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 14 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 Bybit live order book, 5 min ago	0.88 bp	39.3 bp −$39	130.9 bp −$1,309	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.26 bp	18.2 bp −$18	84.3 bp −$843	781.0 bp −$78.1K	doesn't fit

SAGA on 13 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	−0.1085%	1h	0.03976	−0.746%	$2.2M	$279K	3x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.04012	+0.152%	$47K	$402K	25x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03988	−0.441%	$71K	$834K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.04004	−0.047%	$19.9M	$110.2M	20x
Bybit SAGAUSDTlong	+0.0100%	4h	0.04006	long leg	$3.9M	$15.1M	20x
Gate SAGA_USDT	+0.0100%	4h	0.04007	+0.027%	$6.1M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03990	−0.397%	$2.7M	$4.8M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03982	−0.597%	$789K	$2.8M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04001	−0.122%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03983	−0.583%	$5K	$133K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0123%	4h	0.03973	−0.829%	$4K	$55K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0131%	1h	0.03981	−0.613%	$71K	$650K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1006%	1h	0.03985	−0.522%	$3K	$28	10x	as long as short