SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.085%

Price spread now: BloFin against KuCoin+0.279%65s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$615as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$6136.126% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−2.591%−$259 · spread now +0.279%, 7d avg −0.079%

Together, before fees−2.616%−$262 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.358% dearer against KuCoin than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.079%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.03936	0.0100	pay 0.0050% / 4h	2h 56m	$773K	$2.5M	20x
Short	BloFin SAGA-USDT	0.03947	0.0124	get 0.0062% / 4h	2h 56m	$998K	$267K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.279%Rate

Funding earned: $5.1
Price spread: +0.279% → −0.079%: $35.83
Slippage, 4 orders: −$588.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$571.69
Costs to cover: 6.126%
Break-even: 792.1 days

Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 6 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 KuCoin live order book, 11 min ago	26.31 bp	272.4 bp −$272	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	5.05 bp	42.6 bp −$43	116.8 bp −$1,168	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
Kraken Futures PF_SAGAUSD	−0.0960%	1h	0.03911	−0.648%	$74K	$495K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03945	+0.229%	$2.2M	$235K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03950	+0.367%	$73K	$624K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03951	+0.391%	$19.3M	$91.2M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.03950	+0.361%	$3.8M	$14.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03949	+0.330%	$6.0M	$6.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03946	+0.254%	$2.6M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.03936	long leg	$773K	$2.5M	20x
BingX SAGA-USDT	+0.0100%	4h	0.03935	−0.025%	—	$1.9M	—	as long as short
Variational Omni SAGA	+0.0100%	4h	0.03950	+0.352%	$4K	$33K	—	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	0.03939	+0.067%	$331	$183K	5x	as long as short
BloFin SAGA-USDTshort	+0.0124%	4h	0.03947	+0.279%	$998K	$267K	20x
Coinbase International SAGA-PERP-INTX	+0.0528%	1h	0.03931	−0.127%	$39K	$350K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1018%	1h	0.03947	+0.279%	$3K	$124	10x	as long as short