SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.093%

Price spread now: KuCoin against BloFin+0.103%80s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2542.541% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+2.209%+$221 · spread now +0.103%, 7d avg +0.065%

Together, before fees+2.236%+$224 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.038% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.065%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAGA-USDT	0.03890	0.0064	pay 0.0032% / 4h	1h 09m	$993K	$216K	20x
Short	KuCoin SAGAUSDTM	0.03894	0.0100	get 0.0050% / 4h	1h 09m	$772K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: $7.58
Price spread: +0.103% → +0.065%: $3.82
Slippage, 4 orders: −$230.06
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$242.67
Costs to cover: 2.541%
Break-even: 231.2 days

Slippage from BloFin: live order book, 2 min ago; KuCoin: live order book, 7 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 BloFin live order book, 2 min ago	11.58 bp	28.2 bp −$28	112.4 bp −$1,124	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	15.40 bp	95.9 bp −$96	doesn't fit	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
BloFin SAGA-USDTlong	+0.0064%	4h	0.03890	long leg	$993K	$216K	20x
Coinbase International SAGA-PERP-INTX	+0.0064%	1h	0.03895	+0.129%	$45K	$380K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03879	−0.283%	$2.1M	$269K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03895	+0.135%	$69K	$789K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03898	+0.206%	$19.3M	$103.7M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03899	+0.234%	$3.8M	$14.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03911	+0.540%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03900	+0.257%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.03894	+0.103%	$772K	$2.6M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03900	+0.257%	—	$2.0M	—	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	0.03898	+0.206%	$5K	$129K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0134%	1h	0.03888	−0.042%	$70K	$639K	20x	as long as short
Variational Omni SAGA	+0.0159%	4h	0.03900	+0.270%	$4K	$52K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1292%	1h	0.03898	+0.206%	$3K	$28	10x	as long as short