Spread before costs (cost unknown: a leg has no order-book sample)−0.248%
7d average—if it closes, per $10,000$25funding while held, a day+$27.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAGA-USDT | 0.03625 | −0.0051 | get 0.0026% / 4h | 3h 46m | $1.0M | $675K | 20x |
| Short | Deribit SAGA_USDC-PERPETUAL | 0.03616 | 0.0857 | get 0.0107% / 1h | 46m 53s | $3K | $28 | 10x |
BloFin SAGA-USDT
Deribit SAGA_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$24.83
- Funding while held
- $27.26
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$16.57
- Spread needed to break even
- 0.190%
Slippage unknown: BloFin: live order book, 57 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0909%
- Per $10,000 a day
- +$27.26
- 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 BloFin live order book, 57 min ago | 2.94 bp | 18.0 bp −$18 | 63.8 bp −$638 | 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.Hyperliquid0.03587cheapestVariational Omni0.03595+0.234%MEXC0.03615+0.781%
Hyperliquid
Variational Omni
MEXCDeribit0.03616+0.808%
Kraken Futures0.03619+0.879%Binance0.03619+0.903%Coinbase International0.03621+0.948%Bybit0.03621+0.956%Extended0.03623+1.017%
Kraken Futures
Binance
Coinbase International
Bybit
ExtendedBloFin0.03625+1.059%
BingX0.03629+1.171%Aster0.03632+1.257%KuCoin0.03635+1.338%Gate0.03653+1.840%
BingX
Aster
KuCoin
GateSAGA on 14 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid SAGA | −1.048% | −0.2877% | 1h | $2.0M | $486K | 3x | as long as short |
| Variational Omni SAGA | −0.816% | +0.0100% | 4h | $3K | $172K | — | as long as short |
| MEXC SAGA_USDT | −0.276% | −0.0038% | 4h | $3.1M | $9.4M | 50x | as long as short |
| Deribit SAGA_USDC-PERPETUALshort | −0.248% | +0.0857% | 1h | $3K | $28 | 10x | |
| Kraken Futures PF_SAGAUSD | −0.179% | −0.0180% | 1h | $75K | $728K | 20x | as long as short |
| Binance SAGAUSDT | −0.155% | −0.0037% | 4h | $18.1M | $198.7M | 20x | as long as short |
| Coinbase International SAGA-PERP-INTX | −0.110% | −0.3176% | 1h | $50K | $338K | 25x | as long as short |
| Bybit SAGAUSDT | −0.102% | +0.0658% | 4h | $3.9M | $30.6M | 20x | as long as short |
| Extended SAGA-USD | −0.042% | −0.0040% | 1h | $2K | $175K | 5x | as long as short |
| BloFin SAGA-USDTlong | 0.000% | −0.0051% | 4h | $1.0M | $675K | 20x |
Show all 14 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX SAGA-USDT | +0.110% | +0.0618% | 4h | — | $2.6M | — | as long as short |
| Aster SAGAUSDT | +0.196% | −0.0109% | 4h | $71K | $1.2M | 5x | as long as short |
| KuCoin SAGAUSDTM | +0.276% | −0.1410% | 4h | $885K | $3.2M | 20x | as long as short |
| Gate SAGA_USDT | +0.772% | +0.2138% | 4h | $6.7M | $10.3M | 20x | as long as short |