SAGA

Alert

Funding spread now, next payment 16:00 UTC−0.0239%/8h

paid, last 24h−0.053%paid, last 3 days+0.286%to open and closeno order book

Long on Deribit Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SAGA_USDC-PERPETUAL	0.03399	0.0339	pay 0.0042% / 1h	44m 22s	$3K	$53	10x
Short	Variational Omni SAGA	0.03397	0.0100	get 0.0050% / 4h	44m 22s	$10K	$166K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: −$50.14
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$57.14
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 36 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.045%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 36 min ago	7.35 bp	doesn't fit	286.7 bp −$2,867	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid SAGA	−0.1337%	1h	$1.9M	$697K	3x	as long as short
Coinbase International SAGA-PERP-INTX	−0.1168%	1h	$49K	$299K	25x	as long as short
Kraken Futures PF_SAGAUSD	−0.0655%	1h	$74K	$739K	20x	as long as short
KuCoin SAGAUSDTM	−0.0252%	4h	$559K	$3.1M	20x	as long as short
Aster SAGAUSDT	+0.0097%	4h	$63K	$1.2M	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	$16.9M	$199.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	$3.6M	$31.2M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	$3.1M	$9.8M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Variational Omni SAGAshort	+0.0100%	4h	$10K	$166K	—

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	$2K	$175K	5x	as long as short
Gate SAGA_USDT	+0.0106%	4h	$5.1M	$10.3M	20x	as long as short
BloFin SAGA-USDT	+0.0140%	4h	$917K	$657K	20x	as long as short
Deribit SAGA_USDC-PERPETUALlong	+0.0339%	1h	$3K	$53	10x