SAGA

Alert

Funding spread now, next payment 15:00 UTC+0.0905%/8h

next payment, per $10,000+$1.13paid, last 24h+0.403%paid, last 5 days+0.390%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.390% in total (about 31.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SAGA	0.03361	−0.0859	get 0.0107% / 1h	3m 08s	$1.9M	$828K	3x
Short	Deribit SAGA_USDC-PERPETUAL	0.03378	0.0046	get 0.0006% / 1h	3m 08s	$3K	$53	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersRate

Funding earned: $190
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $174
Break-even: 0.6 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.506%
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 Hyperliquid live order book, 9 min ago	1.50 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SAGAUSD	−0.1257%	1h	$73K	$787K	20x	as long as short
Hyperliquid SAGAlong	−0.0859%	1h	$1.9M	$828K	3x
KuCoin SAGAUSDTM	−0.0198%	4h	$560K	$3.2M	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.0072%	1h	$48K	$305K	25x	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.0046%	1h	$3K	$53	10x
Aster SAGAUSDT	+0.0100%	4h	$64K	$1.2M	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	$16.8M	$204.9M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	$3.5M	$32.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	$3.0M	$9.8M	50x	as long as short
BingX SAGA-USDT	+0.0100%	4h	—	$2.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0100%	4h	$10K	$172K	—	as long as short
Extended SAGA-USD	+0.0104%	1h	$2K	$175K	5x	as long as short
BloFin SAGA-USDT	+0.0137%	4h	$915K	$663K	20x	as long as short
Gate SAGA_USDT	+0.0220%	4h	$5.0M	$11.0M	20x	as long as short