SAGA arbitrage explained
Right now Saga (SAGA) trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0226 and the highest bid on Binance spot at $0.0226.
The widest SAGA perpetual spread is between KuCoin and Bybit: long SAGA on KuCoin at $0.0226 and short on Bybit at $0.0226 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SAGA route is to buy spot on Binance and short the perpetual on Bybit: -0.05% gross, -0.25% net, with +0.030% a day of funding on the short leg.
Spot–spot SAGA arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small SAGA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: SAGA funding rates · SAGA spread charts · Saga price · arbitrage scanner for all coins.