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: Coinbase International against Hyperliquid−0.175%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 Hyperliquid Short on Coinbase International

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)+0.794%+$79 · spread now −0.175%, 7d avg −1.097%

Together, before fees−2.854%+ Points / potential airdropHyperliquid: Season 2 · farm board−$285 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.923% dearer against Hyperliquid than usual: you sell high and buy low: +$92 more if the spread goes back to its 7-day average of −1.097%. Mind the row above: over the last 7 days funding on this pair cost −3.647%, 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	Hyperliquid SAGA	0.04011	0.0100	pay 0.0013% / 1h	32m 40s	$2.2M	$254K	3x
Short	Coinbase International SAGA-PERP-INTX	0.04004	0.0248	get 0.0031% / 1h	32m 40s	$45K	$393K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.175%Rate

Funding earned: $31.08
Price spread: −0.175% → −1.097%: $92.28
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $104.36
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 8 min ago; Coinbase International: live order book, 20 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 Hyperliquid live order book, 8 min ago	1.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 20 min ago	61.66 bp	144.5 bp −$145	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	−0.135%	$75K	$636K	20x	as long as short
BloFin SAGA-USDT	+0.0047%	4h	0.04018	+0.175%	$1.0M	$217K	20x	as long as short
Hyperliquid SAGAlong	+0.0100%	1h	0.04011	long leg	$2.2M	$254K	3x
Aster SAGAUSDT	+0.0100%	4h	0.04027	+0.394%	$71K	$758K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04040	+0.713%	$19.9M	$99.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04044	+0.823%	$6.1M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04034	+0.573%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04037	+0.648%	$791K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04037	+0.657%	$5K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0248%	1h	0.04004	−0.175%	$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	+0.694%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0499%	1h	0.04008	−0.075%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.0738%	4h	0.04048	+0.925%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.1138%	4h	0.04036	+0.623%	—	$2.0M	—	as long as short