SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0627%/8h= +68.7% APRnext payment +$0.78 per $10,000 · paid last 24h +0.403%

Price spread now: Deribit against Coinbase International−0.117%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.117% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SAGA-PERP-INTX	0.04271	0.0296	pay 0.0037% / 1h	48m 39s	$46K	$406K	25x
Short	Deribit SAGA_USDC-PERPETUAL	0.04266	0.0923	get 0.0115% / 1h	48m 39s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.117%Rate

Funding earned: $131.76
Price spread: −0.117% → 0.000%: −$11.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $103.05
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: Coinbase International: live order book, 59 min ago; Deribit: no order-book sample. 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 Coinbase International live order book, 59 min ago	59.10 bp	225.2 bp −$225	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3860%	1h	0.04224	−1.100%	$2.3M	$258K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0603%	1h	0.04253	−0.424%	$79K	$587K	20x	as long as short
BloFin SAGA-USDT	+0.0083%	4h	0.04248	−0.539%	$1.1M	$229K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04267	−0.094%	$74K	$715K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04269	−0.052%	$21.2M	$97.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04282	+0.258%	$6.5M	$7.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04271	0.000%	$3.0M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04268	−0.070%	$857K	$2.5M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04271	−0.008%	$4K	$198K	5x	as long as short
Bybit SAGAUSDT	+0.0209%	4h	0.04277	+0.133%	$4.3M	$14.4M	20x	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	+0.0232%	4h	0.04273	+0.047%	—	$1.9M	—	as long as short
Coinbase International SAGA-PERP-INTXlong	+0.0296%	1h	0.04271	long leg	$46K	$406K	25x
Variational Omni SAGA	+0.0356%	4h	0.04233	−0.885%	$6K	$43K	—	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.0923%	1h	0.04266	−0.117%	$4K	—	10x