Funding arb · Price arb /

SAGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.092%

Price spread now: Extended against KuCoin−0.170%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3073.066% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.395%+$40 · spread now −0.170%, 7d avg +0.066%

Together, before fees+0.376%+ Points / potential airdropExtended: Active · farm board+$38 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: Extended is 0.236% cheaper against KuCoin than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03895	0.0100	pay 0.0050% / 4h	1h 27m	$774K	$2.6M	20x
Short	Extended SAGA-USD	0.03888	0.0104	get 0.0013% / 1h	27m 05s	$5K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0.84
Price spread: −0.170% → +0.066%: −$23.6
Slippage, 4 orders: −$289.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$329.34
Costs to cover: 3.066%
Break-even: 2751.5 days

Slippage from KuCoin: live order book, 10 min ago; Extended: live order book, 34 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, 10 min ago	16.60 bp	123.3 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	7.03 bp	45.6 bp −$46	308.9 bp −$3,089	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	+0.0060%	4h	0.03874	−0.539%	$992K	$228K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.03890	−0.128%	$45K	$383K	25x	as long as short
Hyperliquid SAGA	+0.0070%	1h	0.03867	−0.719%	$2.1M	$280K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03888	−0.184%	$69K	$789K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03883	−0.296%	$19.2M	$105.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03886	−0.236%	$3.8M	$14.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03900	+0.128%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03884	−0.282%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.03895	long leg	$774K	$2.6M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03891	−0.103%	—	$2.0M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USDshort	+0.0104%	1h	0.03888	−0.170%	$5K	$130K	5x
Variational Omni SAGA	+0.0133%	4h	0.03905	+0.250%	$4K	$53K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0134%	1h	0.03881	−0.370%	$68K	$641K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1039%	1h	0.03885	−0.257%	$3K	$28	10x	as long as short