SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.138%

Price spread now: Hyperliquid against Coinbase International−0.150%7-day average +1.097% · you buy dearer than you sell

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

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+3.647%+$365 on $10k

Price spread, last 4 days (all we have)−0.469%−$47 · spread now −0.150%, 7d avg +1.097%

Together, before fees+3.178%+ Points / potential airdropHyperliquid: Season 2 · farm board+$318 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 Hyperliquid is 1.247% cheaper against Coinbase International than usual: you would sell low and buy high (−$125 if the spread goes back to its 7-day average of +1.097%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.647%, 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	0.04004	0.0248	pay 0.0031% / 1h	33m 23s	$45K	$393K	25x
Short	Hyperliquid SAGA	0.03998	0.0100	get 0.0013% / 1h	33m 23s	$2.2M	$254K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$31.08
Price spread: −0.150% → +1.097%: −$124.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$174.79
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 20 min ago; Hyperliquid: live order book, 8 min ago. 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, 20 min ago	61.66 bp	214.1 bp −$214	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.25 bp	5.7 bp −$6	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
Kraken Futures PF_SAGAUSD	−0.0694%	1h	0.04006	+0.039%	$75K	$636K	20x	as long as short
BloFin SAGA-USDT	+0.0047%	4h	0.04018	+0.350%	$1.0M	$217K	20x	as long as short
Hyperliquid SAGAshort	+0.0100%	1h	0.03998	−0.150%	$2.2M	$254K	3x
Aster SAGAUSDT	+0.0100%	4h	0.04007	+0.087%	$71K	$758K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04009	+0.122%	$19.7M	$99.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04023	+0.475%	$6.1M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04005	+0.025%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04011	+0.175%	$786K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04007	+0.070%	$5K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTXlong	+0.0248%	1h	0.04004	long leg	$45K	$393K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0433%	4h	0.04039	+0.870%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0499%	1h	0.04008	+0.100%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.0764%	4h	0.04013	+0.217%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.1138%	4h	0.04010	+0.150%	—	$2.0M	—	as long as short