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 +0.087%

Price spread now: Binance against KuCoin+0.066%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2512.506% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.066%, 7d avg +0.045%

Together, before fees−0.090%−$9 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 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03950	0.0100	pay 0.0050% / 4h	3h 02m	$778K	$2.9M	20x
Short	Binance SAGAUSDT	0.03953	0.0100	get 0.0050% / 4h	3h 02m	$19.5M	$120.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.045%: $2.07
Slippage, 4 orders: −$228.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$248.57
Costs to cover: 2.506%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 10 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, 4 min ago	14.10 bp	113.6 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.27 bp	24.1 bp −$24	99.5 bp −$995	769.5 bp −$77.0K	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	−0.0687%	1h	0.03946	−0.108%	$70K	$675K	20x	as long as short
BloFin SAGA-USDT	+0.0060%	4h	0.03949	−0.025%	$1.0M	$326K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03931	−0.481%	$46K	$427K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03913	−0.937%	$2.2M	$302K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03944	−0.162%	$70K	$860K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.03953	+0.066%	$19.5M	$120.8M	20x
Gate SAGA_USDT	+0.0100%	4h	0.03972	+0.557%	$6.1M	$8.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03948	−0.051%	$2.7M	$6.0M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.03950	long leg	$778K	$2.9M	20x
Extended SAGA-USD	+0.0104%	1h	0.03951	+0.027%	$2K	$131K	5x	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	+0.0274%	4h	0.03920	−0.756%	$4K	$91K	—	as long as short
Bybit SAGAUSDT	+0.0515%	4h	0.03952	+0.061%	$3.8M	$16.3M	20x	as long as short
BingX SAGA-USDT	+0.0538%	4h	0.03955	+0.127%	—	$2.1M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1524%	1h	0.03953	+0.076%	$3K	$28	10x	as long as short