SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.589%

Price spread now: Coinbase International against Extended−0.240%7-day average −1.479% · you buy dearer than you sell

Net, funding: paid 7d − costs−$884as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$4274.268% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−4.569%−$457 on $10k

Price spread, last 3 days (all we have)+0.632%+$63 · spread now −0.240%, 7d avg −1.479%

Together, before fees−3.937%+ Points / potential airdropExtended: Active · farm board−$394 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 1.239% dearer against Extended than usual: you sell high and buy low (spread −0.240% now, against its 7-day average of −1.479%): +$124 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 7 days (−4.569% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.03910	0.0104	pay 0.0013% / 1h	25m 38s	$2K	$134K	5x
Short	Coinbase International SAGA-PERP-INTX	0.03901	0.0088	get 0.0011% / 1h	25m 38s	$46K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.240%Rate

Funding earned: −$3.36
Price spread: −0.240% → −1.479%: $123.86
Slippage, 4 orders: −$411.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$306.26
Costs to cover: 4.268%
Break-even: never at this rate

Slippage from Extended: live order book, 45 min ago; Coinbase International: live order book, 47 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 Extended live order book, 45 min ago	6.66 bp	42.8 bp −$43	298.7 bp −$2,987	doesn't fit	doesn't fit
Sell Coinbase International live order book, 47 min ago	50.89 bp	112.4 bp −$112	doesn't fit	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	−0.0695%	1h	0.03902	−0.226%	$70K	$681K	20x	as long as short
BloFin SAGA-USDT	+0.0078%	4h	0.03933	+0.578%	$993K	$351K	20x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0088%	1h	0.03901	−0.240%	$46K	$426K	25x
Hyperliquid SAGA	+0.0100%	1h	0.03899	−0.292%	$2.2M	$315K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03907	−0.099%	$70K	$878K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03911	+0.027%	$19.3M	$125.2M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03920	+0.245%	$6.0M	$8.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03912	+0.041%	$2.6M	$5.9M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03915	+0.118%	$776K	$3.0M	20x	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.03910	long leg	$2K	$134K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0128%	4h	0.03909	−0.025%	$4K	$91K	—	as long as short
BingX SAGA-USDT	+0.0420%	4h	0.03916	+0.143%	—	$2.1M	—	as long as short
Bybit SAGAUSDT	+0.0575%	4h	0.03914	+0.079%	$3.8M	$16.9M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1032%	1h	0.03905	−0.138%	$3K	$28	10x	as long as short