SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1557%/8h= +170.5% APRnext payment +$1.95 per $10,000 · paid last 24h +0.213%

Price spread now: Deribit against Kraken Futures+0.085%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Deribit is 0.085% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SAGAUSD	0.03893	−0.0264	get 0.0033% / 1h	12m 48s	$69K	$643K	20x
Short	Deribit SAGA_USDC-PERPETUAL	0.03896	0.1292	get 0.0162% / 1h	12m 48s	$3K	$28	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.085%Rate

Funding earned: $326.9
Price spread: +0.085% → 0.000%: $8.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $318.37
Costs to cover: 0.170%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 45 min ago; Deribit: no order-book sample. 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 Kraken Futures live order book, 45 min ago	40.78 bp	60.1 bp −$60	433.7 bp −$4,337	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: 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 SAGA	−0.0292%	1h	0.03886	−0.172%	$2.1M	$261K	3x	as long as short
Kraken Futures PF_SAGAUSDlong	−0.0264%	1h	0.03893	long leg	$69K	$643K	20x
BloFin SAGA-USDT	+0.0044%	4h	0.03911	+0.470%	$986K	$214K	20x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0080%	1h	0.03890	−0.069%	$44K	$381K	25x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03896	+0.072%	$69K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03893	−0.003%	$19.2M	$100.8M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03891	−0.031%	$3.8M	$14.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03906	+0.342%	$5.9M	$7.8M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03893	+0.008%	$2.5M	$4.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03892	−0.018%	$739K	$2.6M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAGA-USD	+0.0104%	1h	0.03897	+0.119%	$7K	$131K	5x	as long as short
BingX SAGA-USDT	+0.0120%	4h	0.03894	+0.033%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0134%	4h	0.03909	+0.407%	$4K	$45K	—	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.1292%	1h	0.03896	+0.085%	$3K	$28	10x