SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0475%/8h= −52.0% APRpaid last 24h −0.871%

Price spread now: Coinbase International against Variational Omni+0.808%7-day average −1.359% · you sell dearer than you buy

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−3.141%−$314 on $10k

Price spread, last 3 days (all we have)−0.286%−$29 · spread now +0.808%, 7d avg −1.359%

Together, before fees−3.427%+ Points / potential airdropVariational Omni: Active · farm board−$343 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 2.167% dearer against Variational Omni than usual: you sell high and buy low (spread +0.808% now, against its 7-day average of −1.359%): +$217 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 3 days (−3.141% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SAGA	0.03989	0.0187	pay 0.0093% / 4h	2h 37m	$6K	$113K	—
Short	Coinbase International SAGA-PERP-INTX	0.04021	−0.0288	pay 0.0036% / 1h	37m 59s	$52K	$452K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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 Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.808%Rate

Funding earned: −$99.67
Price spread: +0.808% → −1.359%: $216.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $107.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 51 min ago; Coinbase International: live order book, 50 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 Variational Omni RFQ quote, 51 min ago	8.57 bp	doesn't fit	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Coinbase International live order book, 50 min ago	58.34 bp	132.3 bp −$132	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
Hyperliquid SAGA	−0.1136%	1h	0.04002	+0.332%	$2.2M	$344K	3x	as long as short
Coinbase International SAGA-PERP-INTXshort	−0.0288%	1h	0.04021	+0.808%	$52K	$452K	25x
BloFin SAGA-USDT	+0.0044%	4h	0.04029	+1.009%	$1.0M	$532K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04025	+0.915%	$68K	$982K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04015	+0.660%	$20.0M	$148.2M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04016	+0.680%	$3.9M	$20.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04026	+0.933%	$6.2M	$9.4M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04014	+0.633%	$2.9M	$6.7M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04027	+0.958%	$919K	$3.2M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04013	+0.607%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.04015	+0.647%	$3K	$159K	5x	as long as short
Variational Omni SAGAlong	+0.0187%	4h	0.03989	long leg	$6K	$113K	—
Kraken Futures PF_SAGAUSD	+0.0921%	1h	0.04030	+1.040%	$82K	$724K	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0992%	1h	0.04031	+1.059%	$3K	$28	10x	as long as short