SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.19 per $10,000 · paid last 24h −0.119%

Price spread now: Hyperliquid against Extended−0.211%7-day average −0.297% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1471.466% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.908%−$91 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.211%, 7d avg −0.297%

Together, before fees−0.707%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.086% dearer against Extended than usual: you sell high and buy low (spread −0.211% now, against its 7-day average of −0.297%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.908% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.04162	0.0104	pay 0.0013% / 1h	13m 57s	$4K	$192K	5x
Short	Hyperliquid SAGA	0.04153	−0.0049	pay 0.0006% / 1h	13m 57s	$2.3M	$258K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$32.13
Price spread: −0.211% → −0.297%: $8.61
Slippage, 4 orders: −$132.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$170.12
Costs to cover: 1.466%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; Hyperliquid: live order book, 7 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, 32 min ago	6.67 bp	51.4 bp −$51	334.1 bp −$3,341	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.20 bp	10.7 bp −$11	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
Hyperliquid SAGAshort	−0.0049%	1h	0.04153	−0.211%	$2.3M	$258K	3x
Kraken Futures PF_SAGAUSD	+0.0093%	1h	0.04160	−0.038%	$77K	$616K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04161	−0.024%	$71K	$727K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04161	−0.024%	$20.6M	$97.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04180	+0.438%	$6.3M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04162	+0.006%	$2.9M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04163	+0.030%	$826K	$2.5M	20x	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.04162	long leg	$4K	$192K	5x
BloFin SAGA-USDT	+0.0145%	4h	0.04183	+0.510%	$1.1M	$216K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.04170	+0.198%	$46K	$398K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0260%	4h	0.04166	+0.099%	$4.1M	$14.4M	20x	as long as short
BingX SAGA-USDT	+0.0326%	4h	0.04166	+0.102%	—	$2.0M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0472%	1h	0.04161	−0.018%	$3K	—	10x	as long as short
Variational Omni SAGA	+0.0474%	4h	0.04187	+0.610%	$6K	$46K	—	as long as short