Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h +0.264%
Price spread now: Extended against Coinbase International−0.103%7-day average +1.404% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$590as in the Price arb table
costs, in and out, $10k−$4394.392% of the position
Funding, last 7 days+4.555%+$455 on $10k
+Price spread, last 4 days (all we have)−0.585%−$59 · spread now −0.103%, 7d avg +1.404%
=Together, before fees+3.969%+ Points / potential airdropExtended: Active · farm board+$397 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 1.507% cheaper against Coinbase International than usual: you would sell low and buy high (−$151 if the spread goes back to its 7-day average of +1.404%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +4.555%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SAGA-PERP-INTX | 0.04017 | 0.0248 | pay 0.0031% / 1h | 21m 01s | $45K | $394K | 25x |
| Short | Extended SAGA-USD | 0.04013 | 0.0104 | get 0.0013% / 1h | 21m 01s | $2K | $210K | 5x |
Coinbase International SAGA-PERP-INTX
Extended SAGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$30.24
- Price spread: −0.103% → +1.404%
- −$150.71
- Slippage, 4 orders
- −$424.24
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$620.19
- Costs to cover
- 4.392%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 32 min ago; Extended: live order book, 30 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 Coinbase International live order book, 32 min ago | 61.66 bp | 214.1 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 30 min ago | 7.15 bp | 44.0 bp −$44 | 302.2 bp −$3,022 | 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 | −0.0691% | 1h | 0.04021 | +0.101% | $75K | $636K | 20x | as long as short |
| Hyperliquid SAGA | +0.0100% | 1h | 0.04006 | −0.274% | $2.2M | $254K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04023 | +0.142% | $71K | $757K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.04022 | +0.116% | $19.8M | $98.6M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.04043 | +0.647% | $6.1M | $7.7M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04015 | −0.050% | $2.6M | $4.2M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.04015 | −0.050% | $788K | $2.6M | 20x | as long as short |
| Extended SAGA-USDshort | +0.0104% | 1h | 0.04013 | −0.103% | $2K | $210K | 5x | |
| BloFin SAGA-USDT | +0.0112% | 4h | 0.04026 | +0.224% | $1.0M | $217K | 20x | as long as short |
| Coinbase International SAGA-PERP-INTXlong | +0.0248% | 1h | 0.04017 | long leg | $45K | $394K | 25x |
Kraken Futures PF_SAGAUSD
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BloFin SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0506% | 4h | 0.04025 | +0.203% | $4K | $45K | — | as long as short |
| BingX SAGA-USDT | +0.0724% | 4h | 0.04020 | +0.075% | — | $2.0M | — | as long as short |
| Bybit SAGAUSDT | +0.0948% | 4h | 0.04022 | +0.132% | $3.9M | $14.3M | 20x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.1492% | 1h | 0.04026 | +0.224% | $3K | $28 | 10x | as long as short |
Variational Omni SAGA
BingX SAGA-USDT
Bybit SAGAUSDT
Deribit SAGA_USDC-PERPETUAL