data as of
Settings8H · net · $10k
Funding arb /

SAGA

all SAGA markets
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Funding spread now, next payment 17:00 UTC−0.3948%/8h
next payment, per $10,000$4.93paid, last 24h−0.075%paid, last 7 days+0.992%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.992% in total (about 51.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SAGAUSD0.03725−0.0175get 0.0022% / 1h57m 53s$72K$717K20x
ShortHyperliquid SAGA0.03678−0.4123pay 0.0515% / 1h57m 53s$2.1M$492K3x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$829.04
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$848.04
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 52 min ago; Hyperliquid: live order book, 14 min ago. Net counts fees only.

Price risk

price view
Price gap now
−1.253%
Avg gap 7d
−0.019%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 52 min ago24.97 bp44.0 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 14 min ago1.54 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid SAGAshort−0.4123%1h$2.1M$492K3x
Coinbase International SAGA-PERP-INTX−0.3176%1h$58K$340K25xas long as short
KuCoin SAGAUSDTM−0.1422%4h$934K$3.2M20xas long as short
Kraken Futures PF_SAGAUSDlong−0.0175%1h$72K$717K20x
BloFin SAGA-USDT−0.0027%4h$997K$734K20xas long as short
Extended SAGA-USD−0.0016%1h$3K$175K5xas long as short
Binance SAGAUSDT−0.0012%4h$18.3M$198.2M20xas long as short
MEXC SAGA_USDT−0.0010%4h$3.2M$9.3M50xas long as short
Deribit SAGA_USDC-PERPETUAL0.0000%1h$3K$2810xas long as short
Aster SAGAUSDT+0.0096%4h$71K$1.2M5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX SAGA-USDT+0.0100%4h$2.6Mas long as short
Variational Omni SAGA+0.0100%4h$10K$162Kas long as short
Bybit SAGAUSDT+0.8105%4h$3.9M$30.6M20xas long as short
Gate SAGA_USDT+2.3658%4h$7.1M$9.9M20xas long as short