If you just let your breathing do its thing, the CO2 level in the lungs and blood is about 40 mmHg. If you hyperventilate at rest it will go down to the mid 20s - so still lots left; during exercise more is being made of course, and that is why we breathe more - to get rid of it.
Unless you are supremely fit, and/or at altitude, you will not drop your O2 saturation during exercise no matter how hard you try - that is not the limiting factor, despite the term "going anaerobic" suggesting that it is. The limiting factor is the enzymes in the mitochondria not being able to use more than a given amount of the O2 that is available - VO2 max.