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 0.000%

Price spread now: Binance against MEXC−0.094%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.094%, 7d avg 0.000%

Together, before fees+0.096%+$10 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 0.094% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.04072	0.0100	pay 0.0050% / 4h	13m 50s	$2.7M	$4.4M	50x
Short	Binance SAGAUSDT	0.04068	0.0100	get 0.0050% / 4h	13m 50s	$19.9M	$99.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → 0.000%: −$9.41
Slippage, 4 orders: −$59.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.06
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 14 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 MEXC live order book, 4 min ago	1.23 bp	18.0 bp −$18	100.1 bp −$1,001	715.6 bp −$71.6K	doesn't fit
Sell Binance live order book, 14 min ago	2.40 bp	20.7 bp −$21	87.8 bp −$878	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
Kraken Futures PF_SAGAUSD	−0.0425%	1h	0.04069	−0.085%	$77K	$553K	20x	as long as short
KuCoin SAGAUSDTM	−0.0050%	4h	0.04082	+0.246%	$831K	$2.7M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04050	−0.540%	$2.2M	$257K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04071	−0.017%	$65K	$699K	5x	as long as short
Binance SAGAUSDTshort	+0.0100%	4h	0.04068	−0.094%	$19.9M	$99.9M	20x
Bybit SAGAUSDT	+0.0100%	4h	0.04067	−0.115%	$3.9M	$15.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04086	+0.344%	$6.1M	$7.5M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.04072	long leg	$2.7M	$4.4M	50x
BingX SAGA-USDT	+0.0100%	4h	0.04072	0.000%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.04043	−0.723%	$4K	$43K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.04075	+0.079%	$3K	$182K	5x	as long as short
BloFin SAGA-USDT	+0.0123%	4h	0.04055	−0.417%	$1.0M	$287K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0448%	1h	0.04074	+0.049%	$42K	$384K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0976%	1h	0.04083	+0.270%	$3K	$124	10x	as long as short