SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.788%

Price spread now: Variational Omni against Coinbase International+0.110%7-day average +1.332% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+3.144%+$314 on $10k

Price spread, last 3 days (all we have)−0.648%−$65 · spread now +0.110%, 7d avg +1.332%

Together, before fees+2.496%+ Points / potential airdropVariational Omni: Active · farm board+$250 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 1.222% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.110% now, against its 7-day average of +1.332%). If the spread goes back, that is −$122 on $10k: about 20 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+3.144% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SAGA-PERP-INTX	0.03902	−0.0104	get 0.0013% / 1h	7m 35s	$47K	$432K	25x
Short	Variational Omni SAGA	0.03906	0.0100	get 0.0050% / 4h	7m 35s	$4K	$110K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: $42.84
Price spread: +0.110% → +1.332%: −$122.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$89.36
Costs to cover: 0.100%
Break-even: 21.6 days

Slippage unknown: Coinbase International: live order book, 5 min ago; Variational Omni: RFQ quote, 6 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, 5 min ago	50.89 bp	222.8 bp −$223	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 6 min ago	3.82 bp	doesn't fit	121.0 bp −$1,210	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	−0.0766%	1h	0.03914	+0.307%	$70K	$713K	20x	as long as short
Coinbase International SAGA-PERP-INTXlong	−0.0104%	1h	0.03902	long leg	$47K	$432K	25x
KuCoin SAGAUSDTM	−0.0022%	4h	0.03913	+0.282%	$778K	$3.1M	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03912	+0.256%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03916	+0.358%	$70K	$895K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03916	+0.366%	$19.3M	$133.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03922	+0.520%	$3.8M	$18.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03936	+0.871%	$6.0M	$9.1M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03915	+0.333%	$2.6M	$6.1M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03912	+0.256%	—	$2.2M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGAshort	+0.0100%	4h	0.03906	+0.110%	$4K	$110K	—
Extended SAGA-USD	+0.0104%	1h	0.03918	+0.404%	$3K	$159K	5x	as long as short
BloFin SAGA-USDT	+0.0156%	4h	0.03901	−0.026%	$994K	$406K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0771%	1h	0.03922	+0.513%	$3K	$28	10x	as long as short