SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h −0.098%

Price spread now: KuCoin against BloFin−0.051%65s7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$250as 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−$2532.529% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.648%+$65 · spread now −0.051%, 7d avg +0.065%

Together, before fees+0.680%+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.116% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.065%). Swap the legs. The two prices were read 65 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	0.03923	0.0043	pay 0.0022% / 4h	14m 05s	$996K	$422K	20x
Short	KuCoin SAGAUSDTM	0.03921	0.0002	get 0.0001% / 4h	14m 05s	$815K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$8.7
Price spread: −0.051% → +0.065%: −$11.64
Slippage, 4 orders: −$228.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$273.19
Costs to cover: 2.529%
Break-even: never at this rate

Slippage from BloFin: live order book, 23 min ago; KuCoin: live order book, 3 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, 23 min ago	1.27 bp	19.9 bp −$20	44.7 bp −$447	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	19.16 bp	87.7 bp −$88	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
Kraken Futures PF_SAGAUSD	−0.0766%	1h	0.03914	−0.220%	$70K	$717K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0104%	1h	0.03911	−0.306%	$48K	$433K	25x	as long as short
KuCoin SAGAUSDTMshort	+0.0002%	4h	0.03921	−0.051%	$815K	$3.1M	20x
BloFin SAGA-USDTlong	+0.0043%	4h	0.03923	long leg	$996K	$422K	20x
Hyperliquid SAGA	+0.0100%	1h	0.03912	−0.280%	$2.2M	$323K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03917	−0.154%	$70K	$895K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03910	−0.331%	$19.3M	$134.8M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03915	−0.214%	$3.8M	$18.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03925	+0.051%	$6.0M	$9.1M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03911	−0.306%	$2.7M	$6.1M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0100%	4h	0.03920	−0.076%	—	$2.2M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03916	−0.185%	$4K	$112K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03909	−0.350%	$3K	$159K	5x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0772%	1h	0.03919	−0.102%	$3K	$28	10x	as long as short