Funding you earn now, next payment 09:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.152%
Price spread now: Bybit against Deribit+0.368%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Bybit is 0.368% dearer against Deribit than usual: you sell high and buy low (spread +0.368% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.1 days. The two prices were read 55 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 | Deribit SAGA_USDC-PERPETUAL | 0.04134 | 0.0234 | pay 0.0029% / 1h | 32m 23s | $3K | $124 | 10x |
| Short | Bybit SAGAUSDT | 0.04149 | 0.0100 | get 0.0050% / 4h | 3h 32m | $4.0M | $15.1M | 20x |
Deribit SAGA_USDC-PERPETUAL
Bybit SAGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- −$28.15
- Price spread: +0.368% → 0.000%
- $36.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$9.38
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 1 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 1.45 bp | 46.9 bp −$47 | 158.4 bp −$1,584 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SAGAUSD | −0.0847% | 1h | 0.04138 | +0.086% | $78K | $535K | 20x | as long as short |
| KuCoin SAGAUSDTM | +0.0024% | 4h | 0.04146 | +0.290% | $819K | $2.6M | 20x | as long as short |
| BloFin SAGA-USDT | +0.0057% | 4h | 0.04141 | +0.169% | $1.0M | $283K | 20x | as long as short |
| Hyperliquid SAGA | +0.0100% | 1h | 0.04148 | +0.339% | $2.3M | $250K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.04152 | +0.431% | $75K | $664K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.04150 | +0.399% | $20.3M | $95.8M | 20x | as long as short |
| Bybit SAGAUSDTshort | +0.0100% | 4h | 0.04149 | +0.368% | $4.0M | $15.1M | 20x | |
| Gate SAGA_USDT | +0.0100% | 4h | 0.04169 | +0.847% | $6.3M | $7.2M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.04148 | +0.339% | $2.8M | $4.3M | 50x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.04153 | +0.460% | — | $1.9M | — | as long as short |
Kraken Futures PF_SAGAUSD
KuCoin SAGAUSDTM
BloFin SAGA-USDT
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
BingX SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0100% | 4h | 0.04193 | +1.418% | $4K | $42K | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.04148 | +0.335% | $5K | $183K | 5x | as long as short |
| Deribit SAGA_USDC-PERPETUALlong | +0.0234% | 1h | 0.04134 | long leg | $3K | $124 | 10x | |
| Coinbase International SAGA-PERP-INTX | +0.0440% | 1h | 0.04131 | −0.073% | $42K | $382K | 25x | as long as short |
Variational Omni SAGA
Extended SAGA-USD
Coinbase International SAGA-PERP-INTX