SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2234%/8h= +244.6% APRnext payment +$2.79 per $10,000 · paid last 24h +0.216%

Price spread now: Deribit against Kraken Futures+0.073%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Deribit is 0.073% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SAGAUSD	0.03940	−0.0705	get 0.0088% / 1h	52m 34s	$70K	$642K	20x
Short	Deribit SAGA_USDC-PERPETUAL	0.03943	0.1528	get 0.0191% / 1h	52m 34s	$3K	$28	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $469.13
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $459.39
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: live order book, 65 min ago; Deribit: no order-book sample. 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 Kraken Futures live order book, 65 min ago	40.78 bp	60.1 bp −$60	433.7 bp −$4,337	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_SAGAUSDlong	−0.0705%	1h	0.03940	long leg	$70K	$642K	20x
Hyperliquid SAGA	−0.0490%	1h	0.03932	−0.206%	$2.2M	$258K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03940	−0.006%	$70K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03962	+0.563%	$19.5M	$100.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03979	+0.986%	$6.0M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03960	+0.504%	$2.5M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03951	+0.276%	$768K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03963	+0.587%	$5K	$131K	5x	as long as short
BloFin SAGA-USDT	+0.0138%	4h	0.03944	+0.098%	$988K	$213K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03932	−0.206%	$44K	$388K	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	+0.0273%	4h	0.03926	−0.364%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.1528%	1h	0.03943	+0.073%	$3K	$28	10x
Bybit SAGAUSDT	+0.2083%	4h	0.03968	+0.707%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.3686%	4h	0.03960	+0.504%	—	$2.0M	—	as long as short