SAGA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.026%

7d average—if it closes, per $10,000$3funding while held, a day+$38.66

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SAGAUSDT	0.03823	0.0033	pay 0.0016% / 4h	3h 04m	$19.3M	$195.6M	20x
Short	Deribit SAGA_USDC-PERPETUAL	0.03824	0.1322	get 0.0165% / 1h	4m 36s	$3K	$28	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Position, each leg$Hold forhoursFee BinancebpFee DeribitbpOrdersClose when spread is

Spread captured: $2.62
Funding while held: $38.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.28
Spread needed to break even: 0.170%

Slippage unknown: Binance: live order book, 10 min ago; Deribit: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.1289%
Per $10,000 a day: +$38.66
Average in range /8h: —

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 Binance live order book, 10 min ago	2.60 bp	17.5 bp −$17	95.8 bp −$958	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Hyperliquid0.03811cheapest MEXC0.03818+0.184%Extended0.03821+0.252%Kraken Futures0.03821+0.257%Coinbase International0.03821+0.262%

Binance0.03823+0.315%

Aster0.03823+0.321%

Deribit0.03824+0.341%

BingX0.03825+0.367%Bybit0.03827+0.420%KuCoin0.03835+0.630%BloFin0.03836+0.656%Gate0.03849+0.997%Variational Omni0.03851+1.056%

SAGA on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid SAGA	−0.314%	−0.1824%	1h	$2.1M	$407K	3x	as long as short
MEXC SAGA_USDT	−0.131%	+0.0030%	4h	$3.2M	$9.6M	50x	as long as short
Extended SAGA-USD	−0.062%	+0.0032%	1h	$3K	$175K	5x	as long as short
Kraken Futures PF_SAGAUSD	−0.058%	−0.0171%	1h	$85K	$732K	20x	as long as short
Coinbase International SAGA-PERP-INTX	−0.052%	−0.3176%	1h	$52K	$364K	25x	as long as short
Binance SAGAUSDTlong	0.000%	+0.0033%	4h	$19.3M	$195.6M	20x
Aster SAGAUSDT	+0.006%	+0.0026%	4h	$90K	$1.2M	5x	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.026%	+0.1322%	1h	$3K	$28	10x
BingX SAGA-USDT	+0.052%	+0.0474%	4h	—	$2.6M	—	as long as short
Bybit SAGAUSDT	+0.105%	+0.0608%	4h	$4.1M	$29.6M	20x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SAGAUSDTM	+0.314%	−0.0946%	4h	$1.0M	$3.3M	20x	as long as short
BloFin SAGA-USDT	+0.340%	+0.0049%	4h	$1.0M	$715K	20x	as long as short
Gate SAGA_USDT	+0.680%	+0.2790%	4h	$7.0M	$10.7M	20x	as long as short
Variational Omni SAGA	+0.739%	+0.0100%	4h	$3K	$163K	—	as long as short