SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.092%

Price spread now: BloFin against KuCoin−0.736%95s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2692.687% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.736%, 7d avg −0.066%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.670% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.736% now, against its 7-day average of −0.066%). If the spread goes back, that is −$67 on $10k: about 38 days of funding at the current rate (+$2 a day). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03941	0.0074	pay 0.0037% / 4h	3h 33m	$782K	$3.0M	20x
Short	BloFin SAGA-USDT	0.03912	0.0132	get 0.0066% / 4h	3h 33m	$998K	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.736%Rate

Funding earned: $12.2
Price spread: −0.736% → −0.066%: −$66.97
Slippage, 4 orders: −$244.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$323.49
Costs to cover: 2.687%
Break-even: 192.7 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 24 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 KuCoin live order book, 4 min ago	20.45 bp	130.0 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	3.79 bp	23.2 bp −$23	72.2 bp −$722	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	−0.0688%	1h	0.03941	0.000%	$70K	$681K	20x	as long as short
KuCoin SAGAUSDTMlong	+0.0074%	4h	0.03941	long leg	$782K	$3.0M	20x
Coinbase International SAGA-PERP-INTX	+0.0088%	1h	0.03911	−0.761%	$47K	$428K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03934	−0.178%	$2.2M	$317K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03943	+0.047%	$71K	$884K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03949	+0.203%	$19.5M	$125.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03956	+0.381%	$6.1M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03949	+0.203%	$2.7M	$5.9M	50x	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03922	−0.473%	$4K	$100K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03942	+0.028%	$4K	$146K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAGA-USDTshort	+0.0132%	4h	0.03912	−0.736%	$998K	$364K	20x
BingX SAGA-USDT	+0.0300%	4h	0.03948	+0.178%	—	$2.1M	—	as long as short
Bybit SAGAUSDT	+0.0760%	4h	0.03952	+0.282%	$3.8M	$17.0M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1019%	1h	0.03944	+0.076%	$3K	$28	10x	as long as short