SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.145%

Price spread now: BloFin against Gate−0.427%243s7-day average −0.312% · you buy dearer than you sell

Net, funding: paid 7d − costs−$355as 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−$2692.693% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.861%−$86 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.427%, 7d avg −0.312%

Together, before fees−1.028%−$103 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: BloFin is 0.115% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.312%. The two prices were read 243 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	Gate SAGA_USDT	0.03981	0.0100	pay 0.0050% / 4h	2h 45m	$6.1M	$8.3M	20x
Short	BloFin SAGA-USDT	0.03964	0.0092	get 0.0046% / 4h	2h 45m	$1.0M	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.427%Rate

Funding earned: −$1.65
Price spread: −0.427% → −0.312%: −$11.54
Slippage, 4 orders: −$242.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$282.49
Costs to cover: 2.693%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 7 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 Gate live order book, 3 min ago	8.82 bp	124.7 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.51 bp	20.1 bp −$20	64.2 bp −$642	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	−0.1693%	1h	0.03941	−1.005%	$2.2M	$293K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0038%	1h	0.03965	−0.413%	$71K	$663K	20x	as long as short
BloFin SAGA-USDTshort	+0.0092%	4h	0.03964	−0.427%	$1.0M	$318K	20x
Aster SAGAUSDT	+0.0100%	4h	0.03964	−0.415%	$71K	$848K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03966	−0.377%	$19.6M	$117.5M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03981	long leg	$6.1M	$8.3M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03964	−0.427%	$2.7M	$5.4M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03964	−0.427%	$784K	$2.9M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03954	−0.678%	$3K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03953	−0.703%	$46K	$424K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0267%	4h	0.03961	−0.501%	$4K	$81K	—	as long as short
Bybit SAGAUSDT	+0.0306%	4h	0.03965	−0.392%	$3.9M	$15.9M	20x	as long as short
BingX SAGA-USDT	+0.0388%	4h	0.03968	−0.327%	—	$2.1M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1518%	1h	0.03966	−0.377%	$3K	$28	10x	as long as short