Funding you earn now, next payment 21:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.842%
Price spread now: Coinbase International against Extended+0.340%56s7-day average −1.530% · you sell dearer than you buy
Net, funding: paid 7d − costs−$907as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4494.488% of the position
Funding, last 7 days−4.583%−$458 on $10k
+Price spread, last 3 days (all we have)+0.363%+$36 · spread now +0.340%, 7d avg −1.530%
=Together, before fees−4.220%+ Points / potential airdropExtended: Active · farm board−$422 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 1.869% dearer against Extended than usual: you sell high and buy low (spread +0.340% now, against its 7-day average of −1.530%): +$187 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−4.583% in total) that is about 2.9 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SAGA-USD | 0.03977 | 0.0104 | pay 0.0013% / 1h | 33m 17s | $3K | $159K | 5x |
| Short | Coinbase International SAGA-PERP-INTX | 0.03991 | −0.0288 | pay 0.0036% / 1h | 33m 17s | $51K | $448K | 25x |
Extended SAGA-USD
Coinbase International SAGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$82.32
- Price spread: +0.340% → −1.530%
- $186.93
- Slippage, 4 orders
- −$433.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$344.19
- Costs to cover
- 4.488%
- Break-even
- never at this rate
Slippage from Extended: live order book, 52 min ago; Coinbase International: live order book, 54 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 Extended live order book, 52 min ago | 6.45 bp | 44.9 bp −$45 | 304.8 bp −$3,048 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 54 min ago | 58.34 bp | 132.3 bp −$132 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAGA | −0.0861% | 1h | 0.03968 | −0.238% | $2.2M | $345K | 3x | as long as short |
| Coinbase International SAGA-PERP-INTXshort | −0.0288% | 1h | 0.03991 | +0.340% | $51K | $448K | 25x | |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03981 | +0.086% | $66K | $982K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03979 | +0.036% | $19.9M | $147.9M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.03980 | +0.071% | $3.9M | $20.8M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03995 | +0.440% | $6.1M | $9.4M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03978 | +0.013% | $2.9M | $6.7M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03984 | +0.164% | $907K | $3.2M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03977 | −0.012% | — | $2.3M | — | as long as short |
| Extended SAGA-USDlong | +0.0104% | 1h | 0.03977 | long leg | $3K | $159K | 5x |
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Bybit SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAGA-USDT | +0.0120% | 4h | 0.03981 | +0.088% | $1.0M | $524K | 20x | as long as short |
| Variational Omni SAGA | +0.0136% | 4h | 0.04013 | +0.902% | $6K | $113K | — | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.0758% | 1h | 0.03974 | −0.088% | $3K | $28 | 10x | as long as short |
| Kraken Futures PF_SAGAUSD | +0.0934% | 1h | 0.03975 | −0.053% | $81K | $723K | 20x | as long as short |
BloFin SAGA-USDT
Variational Omni SAGA
Deribit SAGA_USDC-PERPETUAL
Kraken Futures PF_SAGAUSD