SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0926%/8h= +101.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.069%

Price spread now: Kraken Futures against Hyperliquid+0.234%7-day average +0.159% · you sell dearer than you buy

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

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.070%−$107 on $10k

Price spread, last 3 days (all we have)−0.639%−$64 · spread now +0.234%, 7d avg +0.159%

Together, before fees−1.709%+ Points / potential airdropHyperliquid: Season 2 · farm board−$171 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against Hyperliquid than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.159%. Mind the row above: over the last 7 days funding on this pair cost −1.070%, 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	0.03877	−0.0965	get 0.0121% / 1h	29m 11s	$2.2M	$288K	3x
Short	Kraken Futures PF_SAGAUSD	0.03886	−0.0039	pay 0.0005% / 1h	29m 11s	$69K	$652K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpOrdersPrice spread, now +0.234%Rate

Funding earned: $194.42
Price spread: +0.234% → +0.159%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $182.91
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Hyperliquid: live order book, 2 min ago; Kraken Futures: live order book, 39 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, 2 min ago	1.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 39 min ago	44.91 bp	57.8 bp −$58	doesn't fit	doesn't fit	doesn't fit

SAGA on 13 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 SAGAlong	−0.0965%	1h	0.03877	long leg	$2.2M	$288K	3x
Kraken Futures PF_SAGAUSDshort	−0.0039%	1h	0.03886	+0.234%	$69K	$652K	20x
Aster SAGAUSDT	+0.0100%	4h	0.03892	+0.387%	$69K	$834K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03891	+0.366%	$19.3M	$114.2M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03893	+0.402%	$3.8M	$15.6M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03914	+0.954%	$6.0M	$8.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03892	+0.387%	$2.6M	$5.4M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03891	+0.361%	$768K	$2.8M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.03896	+0.490%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03890	+0.327%	$2K	$134K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	+0.0104%	1h	0.03894	+0.438%	$46K	$409K	25x	as long as short
Variational Omni SAGA	+0.0165%	4h	0.03902	+0.642%	$4K	$74K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1551%	1h	0.03893	+0.413%	$3K	$28	10x	as long as short