Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.054%
Price spread now: BloFin against Bybit+0.081%72s7-day average −0.178% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.491%−$49 · spread now +0.081%, 7d avg −0.178%
=The price spread pays, funding is against you. BloFin is 0.259% dearer against Bybit than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.178%): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SAGAUSDT | 0.04052 | 0.0100 | pay 0.0050% / 4h | 11m 56s | $3.9M | $15.5M | 20x |
| Short | BloFin SAGA-USDT | 0.04055 | 0.0067 | get 0.0033% / 4h | 11m 56s | $1.0M | $287K | 20x |
Bybit SAGAUSDT
BloFin SAGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$6.98
- Price spread: +0.081% → −0.178%
- $25.92
- Slippage, 4 orders
- −$84.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.73
- Costs to cover
- 1.077%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: 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 Bybit live order book, 1 min ago | 0.74 bp | 39.4 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.69 bp | 12.2 bp −$12 | 24.2 bp −$242 | 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 | 0.04051 | −0.017% | $77K | $553K | 20x | as long as short |
| KuCoin SAGAUSDTM | −0.0056% | 4h | 0.04055 | +0.081% | $825K | $2.7M | 20x | as long as short |
| BloFin SAGA-USDTshort | +0.0067% | 4h | 0.04055 | +0.081% | $1.0M | $287K | 20x | |
| Hyperliquid SAGA | +0.0100% | 1h | 0.04040 | −0.289% | $2.2M | $257K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04055 | +0.078% | $65K | $699K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.04050 | −0.042% | $19.8M | $99.9M | 20x | as long as short |
| Bybit SAGAUSDTlong | +0.0100% | 4h | 0.04052 | long leg | $3.9M | $15.5M | 20x | |
| Gate SAGA_USDT | +0.0100% | 4h | 0.04076 | +0.600% | $6.1M | $7.5M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04048 | −0.091% | $2.7M | $4.4M | 50x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.04055 | +0.081% | — | $2.0M | — | as long as short |
Kraken Futures PF_SAGAUSD
KuCoin SAGAUSDTM
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
BingX SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0100% | 4h | 0.04043 | −0.225% | $4K | $43K | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.04051 | −0.020% | $3K | $182K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0448% | 1h | 0.04098 | +1.143% | $42K | $386K | 25x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.0739% | 1h | 0.04050 | −0.042% | $3K | $124 | 10x | as long as short |
Variational Omni SAGA
Extended SAGA-USD
Coinbase International SAGA-PERP-INTX
Deribit SAGA_USDC-PERPETUAL