SAGA

Alert

Funding spread now, next payment 20:00 UTC+0.0461%/8h

next payment, per $10,000+$2.31paid, last 24h+0.004%paid, last 3 days−0.129%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.129% in total (about -15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAGA_USDT	0.03819	0.0100	pay 0.0050% / 4h	1h 13m	$2.8M	$8.7M	50x
Short	Variational Omni SAGA	0.03859	0.0561	get 0.0281% / 4h	1h 13m	$3K	$152K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Variational OmnibpOrdersRate

Funding earned: $96.85
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $92.85
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 52 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.042%
Avg gap 7d: −0.122%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	1.30 bp	16.8 bp −$17	85.6 bp −$856	646.6 bp −$64.7K	doesn't fit
Sell Variational Omni RFQ quote, 52 min ago	10.10 bp	doesn't fit	222.1 bp −$2,221	doesn't fit	doesn't fit

SAGA on 14 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	−0.1128%	1h	$51K	$401K	25x	as long as short
Hyperliquid SAGA	−0.0434%	1h	$2.1M	$382K	3x	as long as short
KuCoin SAGAUSDTM	−0.0058%	4h	$860K	$3.3M	20x	as long as short
BloFin SAGA-USDT	+0.0075%	4h	$1.0M	$592K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	$65K	$1.1M	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	$19.1M	$176.6M	20x	as long as short
MEXC SAGA_USDTlong	+0.0100%	4h	$2.8M	$8.7M	50x
Extended SAGA-USD	+0.0104%	1h	$3K	$159K	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.0115%	1h	$90K	$766K	20x	as long as short
Variational Omni SAGAshort	+0.0561%	4h	$3K	$152K	—

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0604%	4h	—	$2.4M	—	as long as short
Bybit SAGAUSDT	+0.0649%	4h	$3.8M	$26.5M	20x	as long as short
Gate SAGA_USDT	+0.0728%	4h	$5.9M	$10.2M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1061%	1h	$3K	$28	10x	as long as short