Funding you earn now, next payment 19:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.017%
Price spread now: Coinbase International against BloFin−0.791%58s7-day average −1.262% · you buy dearer than you sell
Net, funding: paid 7d − costs−$855as 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−$4314.307% of the position
Funding, last 7 days−4.240%−$424 on $10k
+Price spread, last 4 days (all we have)+1.460%+$146 · spread now −0.791%, 7d avg −1.262%
=The price spread pays, funding is against you. Coinbase International is 0.471% dearer against BloFin than usual: you sell high and buy low (spread −0.791% now, against its 7-day average of −1.262%): +$47 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−4.240% in total) that is about 19 hours. The two prices were read 58 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 | BloFin SAGA-USDT | 0.03792 | 0.0129 | pay 0.0064% / 4h | 8m 00s | $1.0M | $142K | 20x |
| Short | Coinbase International SAGA-PERP-INTX | 0.03762 | −0.0152 | pay 0.0019% / 1h | 8m 00s | $37K | $123K | 25x |
BloFin SAGA-USDT
Coinbase International SAGA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.99
- Price spread: −0.791% → −1.262%
- $47.1
- Slippage, 4 orders
- −$408.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$442.63
- Costs to cover
- 4.307%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 58 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 BloFin live order book, 2 min ago | 3.95 bp | 22.9 bp −$23 | 101.1 bp −$1,011 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 58 min ago | 59.52 bp | 172.4 bp −$172 | doesn't fit | doesn't fit | doesn't fit |
SAGA on 14 exchanges
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 | −0.0952% | 1h | 0.03777 | −0.396% | $2.1M | $89K | 3x | as long as short |
| Coinbase International SAGA-PERP-INTXshort | −0.0152% | 1h | 0.03762 | −0.791% | $37K | $123K | 25x | |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03803 | +0.302% | $49K | $215K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03804 | +0.316% | $18.8M | $51.8M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03803 | +0.290% | $2.3M | $2.6M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03806 | +0.369% | $719K | $1.5M | 20x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03806 | +0.365% | $3K | $262K | 5x | as long as short |
| BloFin SAGA-USDTlong | +0.0129% | 4h | 0.03792 | long leg | $1.0M | $142K | 20x | |
| Gate SAGA_USDT | +0.0382% | 4h | 0.03809 | +0.448% | $5.0M | $3.7M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0639% | 4h | 0.03807 | +0.385% | $3.4M | $12.3M | 20x | as long as short |
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
Extended SAGA-USD
Gate SAGA_USDT
Bybit SAGAUSDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SAGA-USDT | +0.0642% | 4h | 0.03805 | +0.343% | — | $1.7M | — | as long as short |
| Variational Omni SAGA | +0.0717% | 4h | 0.03806 | +0.365% | $5K | $16K | — | as long as short |
| Kraken Futures PF_SAGAUSD | +0.0788% | 1h | 0.03805 | +0.354% | $75K | $259K | 20x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.1591% | 1h | 0.03809 | +0.448% | $3K | $124 | 10x | as long as short |
BingX SAGA-USDT
Variational Omni SAGA
Kraken Futures PF_SAGAUSD
Deribit SAGA_USDC-PERPETUAL