Settings8H · net · $10k
Funding arb · Price arb /

SAGA

all SAGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.047%
Price spread now: Hyperliquid against KuCoin−0.318%7-day average −0.187% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.945%−$94 on $10k
Price spread, last 7 days+0.174%+$17 · spread now −0.318%, 7d avg −0.187%
Together, before fees−0.771%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.131% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of −0.187%). If the spread goes back, that is −$13 on $10k: about 3.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.945%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SAGAUSDTM0.04087−0.0048get 0.0024% / 4h17m 16s$832K$2.7M20x
ShortHyperliquid SAGA0.040740.0100get 0.0013% / 1h17m 16s$2.2M$259K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$31.08
Price spread: −0.318% → −0.187%
−$13.14
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$3.06
Costs to cover
0.210%
Break-even
7.7 days
Slippage unknown: KuCoin: live order book, 10 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago12.06 bp117.1 bp −$1172175.9 bp −$21.8Kdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.22 bp5.7 bp −$6doesn't fitdoesn't fitdoesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SAGAUSD−0.0424%1h0.04076−0.271%$77K$554K20xas long as short
KuCoin SAGAUSDTMlong−0.0048%4h0.04087long leg$832K$2.7M20x
BloFin SAGA-USDT+0.0073%4h0.04077−0.245%$1.0M$288K20xas long as short
Hyperliquid SAGAshort+0.0100%1h0.04074−0.318%$2.2M$259K3x
Aster SAGAUSDT+0.0100%4h0.04084−0.062%$65K$699K5xas long as short
Binance SAGAUSDT+0.0100%4h0.04079−0.200%$19.9M$100.0M20xas long as short
Bybit SAGAUSDT+0.0100%4h0.04088+0.032%$3.9M$15.5M20xas long as short
Gate SAGA_USDT+0.0100%4h0.04095+0.196%$6.2M$7.5M20xas long as short
MEXC SAGA_USDT+0.0100%4h0.04084−0.073%$2.7M$4.4M50xas long as short
BingX SAGA-USDT+0.0100%4h0.04097+0.245%$2.0Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAGA+0.0100%4h0.04118+0.764%$4K$42Kas long as short
Extended SAGA-USD+0.0104%1h0.04086−0.020%$3K$182K5xas long as short
Coinbase International SAGA-PERP-INTX+0.0448%1h0.04091+0.098%$42K$385K25xas long as short
Deribit SAGA_USDC-PERPETUAL+0.1467%1h0.04085−0.049%$3K$12410xas long as short