SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC+0.705%7-day average −0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.158%−$116 · spread now +0.705%, 7d avg −0.119%

Together, before fees−1.157%−$116 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.824% dearer against MEXC than usual: you sell high and buy low (spread +0.705% now, against its 7-day average of −0.119%): +$82 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.04256	0.0100	pay 0.0050% / 4h	1h 16m	$3.1M	$4.4M	50x
Short	BloFin SAGA-USDT	0.04286	0.0071	get 0.0035% / 4h	1h 16m	$1.1M	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.705%Rate

Funding earned: −$6.18
Price spread: +0.705% → −0.119%: $82.38
Slippage, 4 orders: −$74.89
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.68
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago	2.34 bp	14.7 bp −$15	97.3 bp −$973	687.6 bp −$68.8K	doesn't fit
Sell BloFin live order book, 5 min ago	5.88 bp	24.1 bp −$24	55.1 bp −$551	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	−0.1894%	1h	0.04249	−0.164%	$2.3M	$262K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0603%	1h	0.04250	−0.151%	$79K	$561K	20x	as long as short
BloFin SAGA-USDTshort	+0.0071%	4h	0.04286	+0.705%	$1.1M	$289K	20x
Aster SAGAUSDT	+0.0100%	4h	0.04255	−0.034%	$63K	$708K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04257	+0.021%	$21.0M	$99.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04267	+0.258%	$6.4M	$7.5M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.04256	long leg	$3.1M	$4.4M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.04254	−0.047%	$940K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04257	+0.020%	$4K	$172K	5x	as long as short
Bybit SAGAUSDT	+0.0218%	4h	0.04257	+0.019%	$4.2M	$15.0M	20x	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	+0.0229%	4h	0.04298	+0.987%	$6K	$42K	—	as long as short
BingX SAGA-USDT	+0.0234%	4h	0.04259	+0.070%	—	$2.0M	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04268	+0.282%	$45K	$407K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1632%	1h	0.04258	+0.047%	$4K	—	10x	as long as short