Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against Variational Omni−0.168%7-day average +0.164% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now −0.168%, 7d avg +0.164%
=Together, before fees−0.164%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.332% cheaper against Variational Omni than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.164%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SAGA | 0.03936 | 0.0139 | pay 0.0069% / 4h | 2h 20m | $4K | $73K | — |
| Short | Bybit SAGAUSDT | 0.03929 | 0.0100 | get 0.0050% / 4h | 2h 20m | $3.8M | $15.3M | 20x |
Variational Omni SAGA
Bybit SAGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.1
- Price spread: −0.168% → +0.164%
- −$33.18
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.28
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 3 min ago. 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 41.3 bp −$41 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
Variational Omni: 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 13 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 | −0.0867% | 1h | 0.03904 | −0.803% | $2.2M | $289K | 3x | as long as short |
| Kraken Futures PF_SAGAUSD | −0.0038% | 1h | 0.03932 | −0.104% | $70K | $650K | 20x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03931 | −0.115% | $70K | $834K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03930 | −0.149% | $19.5M | $112.3M | 20x | as long as short |
| Bybit SAGAUSDTshort | +0.0100% | 4h | 0.03929 | −0.168% | $3.8M | $15.3M | 20x | |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03949 | +0.340% | $6.1M | $8.3M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03928 | −0.194% | $2.6M | $5.4M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03927 | −0.219% | $775K | $2.8M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03932 | −0.092% | — | $2.0M | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03928 | −0.185% | $5K | $138K | 5x | as long as short |
Hyperliquid SAGA
Kraken Futures PF_SAGAUSD
Aster SAGAUSDT
Binance SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDT
Extended SAGA-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SAGA-PERP-INTX | +0.0104% | 1h | 0.03928 | −0.194% | $46K | $401K | 25x | as long as short |
| Variational Omni SAGAlong | +0.0139% | 4h | 0.03936 | long leg | $4K | $73K | — | |
| Deribit SAGA_USDC-PERPETUAL | +0.1022% | 1h | 0.03936 | +0.010% | $3K | $28 | 10x | as long as short |
Coinbase International SAGA-PERP-INTX
Deribit SAGA_USDC-PERPETUAL