Funding you earn now, next payment 23:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.120%
Price spread now: Kraken Futures against Extended−0.135%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2462.463% of the position
Funding, last 7 days−1.905%−$190 on $10k
+Price spread, last 3 days (all we have)−0.848%−$85 · spread now −0.135%, 7d avg −0.145%
=Together, before fees−2.753%+ Points / potential airdropExtended: Active · farm board−$275 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.145%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −1.905%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SAGA-USD | 0.03869 | 0.0104 | pay 0.0013% / 1h | 29m 32s | $3K | $159K | 5x |
| Short | Kraken Futures PF_SAGAUSD | 0.03864 | 0.0186 | get 0.0023% / 1h | 29m 32s | $70K | $728K | 20x |
Extended SAGA-USD
Kraken Futures PF_SAGAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $17.2
- Price spread: −0.135% → −0.145%
- $0.96
- Slippage, 4 orders
- −$231.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$228.17
- Costs to cover
- 2.463%
- Break-even
- 99.9 days
Slippage from Extended: live order book, 51 min ago; Kraken Futures: 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, 51 min ago | 7.12 bp | 54.6 bp −$55 | 343.1 bp −$3,431 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 49.61 bp | 82.5 bp −$83 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SAGA-PERP-INTX | −0.0168% | 1h | 0.03851 | −0.472% | $49K | $436K | 25x | as long as short |
| Hyperliquid SAGA | +0.0100% | 1h | 0.03857 | −0.317% | $2.1M | $341K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03870 | +0.023% | $74K | $939K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03873 | +0.097% | $19.2M | $141.1M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.03865 | −0.110% | $3.7M | $19.4M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03886 | +0.433% | $6.0M | $9.3M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03854 | −0.395% | $2.6M | $6.5M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03875 | +0.148% | $875K | $3.1M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03872 | +0.071% | — | $2.2M | — | as long as short |
| Variational Omni SAGA | +0.0100% | 4h | 0.03869 | +0.005% | $6K | $112K | — | as long as short |
Coinbase International SAGA-PERP-INTX
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Bybit SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDT
Variational Omni SAGAShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAGA-USDlong | +0.0104% | 1h | 0.03869 | long leg | $3K | $159K | 5x | |
| BloFin SAGA-USDT | +0.0146% | 4h | 0.03860 | −0.239% | $983K | $449K | 20x | as long as short |
| Kraken Futures PF_SAGAUSDshort | +0.0186% | 1h | 0.03864 | −0.135% | $70K | $728K | 20x | |
| Deribit SAGA_USDC-PERPETUAL | +0.0785% | 1h | 0.03868 | −0.033% | $3K | $28 | 10x | as long as short |
BloFin SAGA-USDT
Deribit SAGA_USDC-PERPETUAL