SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.53 per $10,000 · paid last 24h −0.133%

Price spread now: KuCoin against Bybit−0.106%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2662.661% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.106%, 7d avg −0.073%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.033% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAGAUSDT	0.04244	0.0205	pay 0.0103% / 4h	1h 52m	$4.2M	$14.3M	20x
Short	KuCoin SAGAUSDTM	0.04240	0.0100	get 0.0050% / 4h	1h 52m	$852K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$22.13
Price spread: −0.106% → −0.073%: −$3.34
Slippage, 4 orders: −$243.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$291.56
Costs to cover: 2.661%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 4 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 Bybit live order book, 1 min ago	0.24 bp	26.4 bp −$26	117.7 bp −$1,177	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	17.83 bp	90.5 bp −$91	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	−0.2715%	1h	0.04207	−0.883%	$2.3M	$257K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0604%	1h	0.04242	−0.054%	$79K	$596K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04242	−0.049%	$73K	$717K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04245	+0.023%	$21.1M	$97.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04251	+0.153%	$6.4M	$7.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04248	+0.082%	$3.0M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.04240	−0.106%	$852K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.04250	+0.118%	$4K	$192K	5x	as long as short
BloFin SAGA-USDT	+0.0129%	4h	0.04240	−0.106%	$1.1M	$232K	20x	as long as short
Bybit SAGAUSDTlong	+0.0205%	4h	0.04244	long leg	$4.2M	$14.3M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0216%	4h	0.04253	+0.200%	—	$2.0M	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04236	−0.200%	$46K	$403K	25x	as long as short
Variational Omni SAGA	+0.0372%	4h	0.04210	−0.820%	$6K	$46K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1164%	1h	0.04249	+0.106%	$4K	—	10x	as long as short