SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.073%

Price spread now: Kraken Futures against Hyperliquid+0.256%7-day average +0.169% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.077%−$108 on $10k

Price spread, last 4 days (all we have)−1.020%−$102 · spread now +0.256%, 7d avg +0.169%

Together, before fees−2.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$210 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.169%. Mind the row above: over the last 7 days funding on this pair cost −1.077%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SAGA	0.03895	−0.0399	get 0.0050% / 1h	18m 42s	$2.2M	$263K	3x
Short	Kraken Futures PF_SAGAUSD	0.03905	−0.0263	pay 0.0033% / 1h	18m 42s	$69K	$643K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.256%Rate

Funding earned: $28.41
Price spread: +0.256% → +0.169%: $8.71
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.12
Costs to cover: 0.190%
Break-even: 2.5 days

Slippage unknown: Hyperliquid: live order book, 2 min ago; Kraken Futures: live order book, 39 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 Hyperliquid live order book, 2 min ago	1.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 39 min ago	40.78 bp	54.6 bp −$55	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 SAGAlong	−0.0399%	1h	0.03895	long leg	$2.2M	$263K	3x
Kraken Futures PF_SAGAUSDshort	−0.0263%	1h	0.03905	+0.256%	$69K	$643K	20x
Coinbase International SAGA-PERP-INTX	+0.0080%	1h	0.03908	+0.334%	$44K	$381K	25x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03908	+0.341%	$69K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03909	+0.360%	$19.3M	$101.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03920	+0.642%	$5.9M	$7.8M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03910	+0.385%	$2.5M	$4.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03912	+0.436%	$777K	$2.6M	20x	as long as short
BloFin SAGA-USDT	+0.0101%	4h	0.03905	+0.257%	$985K	$214K	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03908	+0.333%	$7K	$131K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0120%	4h	0.03910	+0.383%	$3.8M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.0124%	4h	0.03912	+0.436%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0168%	4h	0.03920	+0.648%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1029%	1h	0.03914	+0.488%	$3K	$28	10x	as long as short