SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h +0.264%

Price spread now: Extended against Coinbase International+0.475%7-day average +1.404% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$4394.392% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+4.555%+$455 on $10k

Price spread, last 4 days (all we have)−1.164%−$116 · spread now +0.475%, 7d avg +1.404%

Together, before fees+3.391%+ Points / potential airdropExtended: Active · farm board+$339 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.928% cheaper against Coinbase International than usual: you would sell low and buy high (−$93 if the spread goes back to its 7-day average of +1.404%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +4.555%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SAGA-PERP-INTX	0.03957	0.0248	pay 0.0031% / 1h	10m 24s	$44K	$379K	25x
Short	Extended SAGA-USD	0.03976	0.0104	get 0.0013% / 1h	10m 24s	$4K	$201K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.475%Rate

Funding earned: −$30.24
Price spread: +0.475% → +1.404%: −$92.85
Slippage, 4 orders: −$424.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$562.33
Costs to cover: 4.392%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 43 min ago; Extended: live order book, 40 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 Coinbase International live order book, 43 min ago	61.66 bp	214.1 bp −$214	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	7.15 bp	44.0 bp −$44	302.2 bp −$3,022	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
Kraken Futures PF_SAGAUSD	−0.0702%	1h	0.03961	+0.109%	$74K	$634K	20x	as long as short
BloFin SAGA-USDT	+0.0044%	4h	0.03953	−0.101%	$1.0M	$212K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03962	+0.126%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03974	+0.421%	$69K	$757K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03973	+0.394%	$19.5M	$98.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03990	+0.834%	$6.0M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03959	+0.051%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03969	+0.303%	$765K	$2.6M	20x	as long as short
Extended SAGA-USDshort	+0.0104%	1h	0.03976	+0.475%	$4K	$201K	5x
Coinbase International SAGA-PERP-INTXlong	+0.0248%	1h	0.03957	long leg	$44K	$379K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0557%	4h	0.03966	+0.234%	$4K	$45K	—	as long as short
BingX SAGA-USDT	+0.0878%	4h	0.03978	+0.531%	—	$2.0M	—	as long as short
Bybit SAGAUSDT	+0.0903%	4h	0.03970	+0.334%	$3.9M	$14.3M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1013%	1h	0.03963	+0.152%	$3K	$28	10x	as long as short