SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.125%

Price spread now: Extended against Hyperliquid+0.220%7-day average +0.298% · you sell dearer than you buy

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

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.908%+$91 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.220%, 7d avg +0.298%

Together, before fees+0.635%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$64 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.298%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SAGA	0.03998	0.0100	pay 0.0013% / 1h	33m 13s	$2.2M	$254K	3x
Short	Extended SAGA-USD	0.04007	0.0104	get 0.0013% / 1h	33m 13s	$5K	$131K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.220%Rate

Funding earned: $0.84
Price spread: +0.220% → +0.298%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.88
Costs to cover: 0.140%
Break-even: 181.0 days

Slippage unknown: Hyperliquid: live order book, 8 min ago; Extended: live order book, 17 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 Extended live order book, 17 min ago	7.15 bp	44.0 bp −$44	302.2 bp −$3,022	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	+0.189%	$75K	$636K	20x	as long as short
BloFin SAGA-USDT	+0.0047%	4h	0.04018	+0.500%	$1.0M	$217K	20x	as long as short
Hyperliquid SAGAlong	+0.0100%	1h	0.03998	long leg	$2.2M	$254K	3x
Aster SAGAUSDT	+0.0100%	4h	0.04007	+0.237%	$71K	$758K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04009	+0.272%	$19.7M	$99.1M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04023	+0.625%	$6.1M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04005	+0.175%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04011	+0.325%	$786K	$2.6M	20x	as long as short
Extended SAGA-USDshort	+0.0104%	1h	0.04007	+0.220%	$5K	$131K	5x
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.04004	+0.150%	$45K	$393K	25x	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	+0.0433%	4h	0.04039	+1.022%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0499%	1h	0.04008	+0.250%	$3K	$28	10x	as long as short
Bybit SAGAUSDT	+0.0764%	4h	0.04013	+0.368%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.1138%	4h	0.04010	+0.300%	—	$2.0M	—	as long as short