Funding you earn now, next payment 08:00 UTC−0.1446%/8h= −158.3% APRnext payment −$1.81 per $10,000 · paid last 24h −0.244%
Price spread now: Kraken Futures against Deribit−0.330%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Kraken Futures is 0.330% cheaper against Deribit than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SAGA_USDC-PERPETUAL | 0.03975 | 0.1009 | pay 0.0126% / 1h | 58m 23s | $3K | — | 10x |
| Short | Kraken Futures PF_SAGAUSD | 0.03962 | −0.0436 | pay 0.0055% / 1h | 58m 23s | $71K | $562K | 20x |
Deribit SAGA_USDC-PERPETUAL
Kraken Futures PF_SAGAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$303.56
- Price spread: −0.330% → 0.000%
- −$32.97
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$353.53
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 45 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 Kraken Futures live order book, 45 min ago | 45.84 bp | 77.9 bp −$78 | doesn't fit | 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_SAGAUSDshort | −0.0436% | 1h | 0.03962 | −0.330% | $71K | $562K | 20x | |
| KuCoin SAGAUSDTM | −0.0026% | 4h | 0.03946 | −0.730% | $788K | $2.7M | 20x | as long as short |
| Hyperliquid SAGA | +0.0100% | 1h | 0.03949 | −0.654% | $2.2M | $261K | 3x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03973 | −0.063% | $57K | $714K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03969 | −0.151% | $19.4M | $101.0M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.03972 | −0.086% | $3.8M | $15.4M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03977 | +0.050% | $6.0M | $7.4M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03967 | −0.201% | $2.7M | $4.3M | 50x | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03968 | −0.179% | $2K | $178K | 5x | as long as short |
| BloFin SAGA-USDT | +0.0121% | 4h | 0.03972 | −0.075% | $1.0M | $271K | 20x | as long as short |
KuCoin SAGAUSDTM
Hyperliquid SAGA
Aster SAGAUSDT
Binance SAGAUSDT
Bybit SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
Extended SAGA-USD
BloFin SAGA-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | +0.0145% | 4h | 0.04006 | +0.786% | $6K | $41K | — | as long as short |
| BingX SAGA-USDT | +0.0160% | 4h | 0.03973 | −0.050% | — | $2.0M | — | as long as short |
| Coinbase International SAGA-PERP-INTX | +0.0448% | 1h | 0.03947 | −0.704% | $41K | $377K | 25x | as long as short |
| Deribit SAGA_USDC-PERPETUALlong | +0.1009% | 1h | 0.03975 | long leg | $3K | — | 10x |
Variational Omni SAGA
BingX SAGA-USDT
Coinbase International SAGA-PERP-INTX