SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.147%

Price spread now: BingX against KuCoin+0.145%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2182.178% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.145%, 7d avg +0.050%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.095% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.04149	0.0100	pay 0.0050% / 4h	3h 30m	$940K	$3.2M	20x
Short	BingX SAGA-USDT	0.04155	0.0184	get 0.0092% / 4h	3h 30m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $17.64
Price spread: +0.145% → +0.050%: $9.46
Slippage, 4 orders: −$195.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$190.67
Costs to cover: 2.178%
Break-even: 82.7 days

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 13 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, 2 min ago	9.65 bp	100.1 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	3.66 bp	21.0 bp −$21	54.6 bp −$546	614.3 bp −$61.4K	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
Coinbase International SAGA-PERP-INTX	−0.0408%	1h	0.04131	−0.434%	$54K	$456K	25x	as long as short
Hyperliquid SAGA	−0.0267%	1h	0.04118	−0.747%	$2.3M	$345K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04140	−0.212%	$70K	$1.0M	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04143	−0.147%	$20.8M	$155.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04160	+0.265%	$6.4M	$9.5M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04133	−0.386%	$3.1M	$7.4M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.04149	long leg	$940K	$3.2M	20x
Extended SAGA-USD	+0.0104%	1h	0.04143	−0.134%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0152%	4h	0.04151	+0.048%	$1.1M	$590K	20x	as long as short
BingX SAGA-USDTshort	+0.0184%	4h	0.04155	+0.145%	—	$2.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0317%	4h	0.04140	−0.212%	$4.1M	$22.6M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0475%	1h	0.04139	−0.241%	$3K	$28	10x	as long as short
Variational Omni SAGA	+0.0532%	4h	0.04155	+0.156%	$6K	$114K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.1543%	1h	0.04144	−0.121%	$85K	$729K	20x	as long as short