SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0964%/8h= −105.6% APRnext payment −$1.21 per $10,000 · paid last 24h −0.528%

Price spread now: Coinbase International against Deribit−0.102%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Coinbase International

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 against this trade now: funding costs −$29 a day on $10k at the current rate, and Coinbase International is 0.102% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SAGA_USDC-PERPETUAL	0.03916	0.1028	pay 0.0129% / 1h	40m 22s	$3K	$28	10x
Short	Coinbase International SAGA-PERP-INTX	0.03912	0.0064	get 0.0008% / 1h	40m 22s	$45K	$387K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$202.53
Price spread: −0.102% → 0.000%: −$10.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$229.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 23 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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 23 min ago	51.46 bp	114.4 bp −$114	doesn't fit	doesn't fit	doesn't fit

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
Hyperliquid SAGA	−0.0188%	1h	0.03914	−0.051%	$2.2M	$282K	3x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0064%	1h	0.03912	−0.102%	$45K	$387K	25x
Aster SAGAUSDT	+0.0100%	4h	0.03925	+0.226%	$70K	$801K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03916	0.000%	$19.4M	$107.2M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03917	+0.028%	$3.9M	$14.7M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03930	+0.358%	$6.0M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03917	+0.026%	$2.5M	$4.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03927	+0.281%	$780K	$2.7M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03931	+0.383%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03915	−0.028%	$5K	$130K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0130%	4h	0.03949	+0.842%	$4K	$53K	—	as long as short
Kraken Futures PF_SAGAUSD	+0.0133%	1h	0.03913	−0.073%	$69K	$645K	20x	as long as short
BloFin SAGA-USDT	+0.0159%	4h	0.03954	+0.970%	$1.0M	$240K	20x	as long as short
Deribit SAGA_USDC-PERPETUALlong	+0.1028%	1h	0.03916	long leg	$3K	$28	10x