Funding arb · Price arb /

SAGA

all SAGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1654%/8h= +181.1% APRpaid last 24h +0.168%

Price spread now: Deribit against MEXC+0.075%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Deribit is 0.075% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03997	0.0100	pay 0.0050% / 4h	3h 46m	$2.6M	$4.2M	50x
Short	Deribit SAGA_USDC-PERPETUAL	0.04000	0.1754	get 0.0219% / 1h	46m 10s	$3K	$28	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.075%Rate

Funding earned: $347.34
Price spread: +0.075% → 0.000%: $7.51
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $343.85
Costs to cover: 0.110%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.

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, 1 min ago	3.75 bp	15.6 bp −$16	124.2 bp −$1,242	715.8 bp −$71.6K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0696%	1h	0.03991	−0.141%	$74K	$638K	20x	as long as short
Hyperliquid SAGA	−0.0035%	1h	0.03992	−0.125%	$2.2M	$258K	3x	as long as short
BloFin SAGA-USDT	+0.0043%	4h	0.04002	+0.125%	$994K	$216K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03996	−0.031%	$71K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03999	+0.051%	$19.7M	$99.9M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04011	+0.350%	$6.1M	$7.6M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	0.03997	long leg	$2.6M	$4.2M	50x
KuCoin SAGAUSDTM	+0.0100%	4h	0.03994	−0.075%	$780K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03995	−0.054%	$5K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03990	−0.175%	$45K	$394K	25x	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	+0.0342%	4h	0.03966	−0.764%	$4K	$45K	—	as long as short
Bybit SAGAUSDT	+0.1612%	4h	0.04004	+0.178%	$3.9M	$14.3M	20x	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.1754%	1h	0.04000	+0.075%	$3K	$28	10x
BingX SAGA-USDT	+0.1958%	4h	0.03999	+0.050%	—	$2.0M	—	as long as short