SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0868%/8h= +95.1% APRnext payment +$1.09 per $10,000 · paid last 24h +0.943%

Price spread now: Deribit against Coinbase International+0.946%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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 +$26 a day on $10k at the current rate, and Deribit is 0.946% dearer against Coinbase International than usual: you sell high and buy low: +$95 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	Coinbase International SAGA-PERP-INTX	0.03911	−0.0104	get 0.0013% / 1h	54m 01s	$49K	$434K	25x
Short	Deribit SAGA_USDC-PERPETUAL	0.03948	0.0764	get 0.0096% / 1h	54m 01s	$3K	$28	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.946%Rate

Funding earned: $182.32
Price spread: +0.946% → 0.000%: $94.6
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $259.93
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 24 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 Coinbase International live order book, 24 min ago	53.42 bp	252.3 bp −$252	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 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	−0.0761%	1h	0.03941	+0.775%	$72K	$724K	20x	as long as short
Coinbase International SAGA-PERP-INTXlong	−0.0104%	1h	0.03911	long leg	$49K	$434K	25x
BloFin SAGA-USDT	+0.0042%	4h	0.03921	+0.256%	$989K	$449K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03946	+0.895%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03950	+1.009%	$75K	$912K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03953	+1.064%	$19.5M	$137.8M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03956	+1.151%	$3.8M	$18.9M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03963	+1.330%	$6.1M	$9.1M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03946	+0.895%	$2.7M	$6.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03949	+0.972%	$823K	$3.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0100%	4h	0.03959	+1.227%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03898	−0.327%	$6K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03945	+0.875%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.0764%	1h	0.03948	+0.946%	$3K	$28	10x