Funding you earn now, next payment 11:00 UTC+0.0917%/8h= +100.4% APRpaid last 24h +0.160%
Price spread now: Deribit against Bybit+0.343%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$28 a day on $10k at the current rate, and Deribit is 0.343% dearer against Bybit than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | Bybit SAGAUSDT | 0.03939 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $3.8M | $14.6M | 20x |
| Short | Deribit SAGA_USDC-PERPETUAL | 0.03952 | 0.1017 | get 0.0127% / 1h | 57m 27s | $3K | $124 | 10x |
Bybit SAGAUSDT
Deribit SAGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $192.52
- Price spread: +0.343% → 0.000%
- $34.28
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $208.8
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.40 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | 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 exchanges
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 | −0.0849% | 1h | 0.03948 | +0.240% | $73K | $470K | 20x | as long as short |
| Hyperliquid SAGA | +0.0018% | 1h | 0.03931 | −0.190% | $2.1M | $202K | 3x | as long as short |
| BloFin SAGA-USDT | +0.0050% | 4h | 0.03927 | −0.292% | $990K | $257K | 20x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03940 | +0.038% | $70K | $569K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03940 | +0.038% | $19.1M | $87.2M | 20x | as long as short |
| Bybit SAGAUSDTlong | +0.0100% | 4h | 0.03939 | long leg | $3.8M | $14.6M | 20x | |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03957 | +0.470% | $6.0M | $6.8M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03937 | −0.038% | $2.7M | $4.0M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03939 | +0.013% | $777K | $2.4M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03945 | +0.165% | — | $1.9M | — | as long as short |
Kraken Futures PF_SAGAUSD
Hyperliquid SAGA
BloFin SAGA-USDT
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0100% | 4h | 0.03918 | −0.508% | $4K | $32K | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03943 | +0.110% | $2K | $181K | 5x | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0296% | 1h | 0.03941 | +0.063% | $39K | $337K | 25x | as long as short |
| Deribit SAGA_USDC-PERPETUALshort | +0.1017% | 1h | 0.03952 | +0.343% | $3K | $124 | 10x |
Variational Omni SAGA
Extended SAGA-USD
Coinbase International SAGA-PERP-INTX