Funding arb · Price arb /

SAGA

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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 +0.079%

Price spread now: Aster against KuCoin−0.178%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2752.755% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.178%, 7d avg +0.009%

Together, before fees+0.318%+ Points / potential airdropAster: Stage 5 · farm board+$32 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: Aster is 0.187% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.04284	0.0100	pay 0.0050% / 4h	1h 45m	$862K	$2.5M	20x
Short	Aster SAGAUSDT	0.04276	0.0100	get 0.0050% / 4h	1h 45m	$74K	$715K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.009%: −$18.71
Slippage, 4 orders: −$255.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$294.18
Costs to cover: 2.755%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Aster: live order book, 57 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 KuCoin live order book, 11 min ago	17.83 bp	110.6 bp −$111	2743.6 bp −$27.4K	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	18.83 bp	42.7 bp −$43	323.4 bp −$3,234	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	−0.3279%	1h	0.04242	−0.980%	$2.3M	$258K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0601%	1h	0.04268	−0.370%	$79K	$580K	20x	as long as short
Aster SAGAUSDTshort	+0.0100%	4h	0.04276	−0.178%	$74K	$715K	5x
Binance SAGAUSDT	+0.0100%	4h	0.04280	−0.093%	$21.2M	$97.2M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04292	+0.187%	$6.5M	$7.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04277	−0.163%	$3.0M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.04284	long leg	$862K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.04283	−0.032%	$4K	$198K	5x	as long as short
BloFin SAGA-USDT	+0.0127%	4h	0.04267	−0.397%	$1.1M	$230K	20x	as long as short
Bybit SAGAUSDT	+0.0169%	4h	0.04288	+0.086%	$4.3M	$14.4M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0210%	4h	0.04285	+0.023%	—	$2.0M	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04263	−0.490%	$46K	$405K	25x	as long as short
Variational Omni SAGA	+0.0356%	4h	0.04233	−1.186%	$6K	$43K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1157%	1h	0.04270	−0.327%	$4K	—	10x	as long as short