Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.181%

Price spread now: KuCoin against Gate−0.025%7-day average −0.190% · you buy dearer than you sell

Net, funding: paid 7d − costs−$511as in the Funding arb table

Net, price: spread back to 7d avg − costs−$411as in the Price arb table

costs, in and out, $10k−$4284.276% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.833%−$83 on $10k

Price spread, last 7 days−0.188%−$19 · spread now −0.025%, 7d avg −0.190%

Together, before fees−1.020%−$102 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: KuCoin is 0.164% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.190%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAGA_USDT	0.03978	0.0100	pay 0.0050% / 4h	2h 50m	$6.0M	$7.6M	20x
Short	KuCoin SAGAUSDTM	0.03977	0.0100	get 0.0050% / 4h	2h 50m	$764K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.190%: $16.45
Slippage, 4 orders: −$400.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$411.16
Costs to cover: 4.276%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 2 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	8.77 bp	145.8 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	18.93 bp	101.2 bp −$101	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
BloFin SAGA-USDT	+0.0063%	4h	0.03977	−0.025%	$991K	$212K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0097%	1h	0.03959	−0.486%	$74K	$623K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03949	−0.729%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03964	−0.360%	$69K	$737K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03961	−0.428%	$19.5M	$97.1M	20x	as long as short
Gate SAGA_USDTlong	+0.0100%	4h	0.03978	long leg	$6.0M	$7.6M	20x
MEXC SAGA_USDT	+0.0100%	4h	0.03960	−0.452%	$2.6M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.03977	−0.025%	$764K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.03960	−0.442%	$2K	$191K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.03963	−0.377%	$44K	$377K	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	+0.0622%	4h	0.03965	−0.327%	$4K	$45K	—	as long as short
Bybit SAGAUSDT	+0.0801%	4h	0.03963	−0.372%	$3.9M	$14.2M	20x	as long as short
BingX SAGA-USDT	+0.0830%	4h	0.03968	−0.251%	—	$1.9M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1267%	1h	0.03961	−0.427%	$3K	—	10x	as long as short