Funding you earn now, next payment 12:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.112%
Price spread now: Hyperliquid against BloFin+0.102%87s7-day average −0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.986% of the position
Funding, last 7 days−0.913%−$91 on $10k
+Price spread, last 4 days (all we have)+0.945%+$95 · spread now +0.102%, 7d avg −0.177%
=Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.279% dearer against BloFin than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.177%): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.913% in total) that is about 2.1 days. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAGA-USDT | 0.03924 | 0.0149 | pay 0.0074% / 4h | 49m 52s | $982K | $254K | 20x |
| Short | Hyperliquid SAGA | 0.03928 | 0.0070 | get 0.0009% / 1h | 49m 52s | $2.1M | $195K | 3x |
BloFin SAGA-USDT
Hyperliquid SAGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$16.46
- Price spread: +0.102% → −0.177%
- $27.89
- Slippage, 4 orders
- −$77.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$87.13
- Costs to cover
- 0.986%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; Hyperliquid: live order book, 4 min ago.
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, 55 min ago | 1.29 bp | 28.5 bp −$29 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.27 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
SAGA on 14 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SAGAUSD | −0.0190% | 1h | 0.03936 | +0.315% | $73K | $456K | 20x | as long as short |
| Hyperliquid SAGAshort | +0.0070% | 1h | 0.03928 | +0.102% | $2.1M | $195K | 3x | |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03939 | +0.377% | $61K | $545K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03936 | +0.306% | $19.0M | $84.8M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.03937 | +0.334% | $3.7M | $14.4M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03935 | +0.280% | $2.7M | $3.9M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03935 | +0.280% | $758K | $2.3M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03935 | +0.280% | — | $1.9M | — | as long as short |
| Variational Omni SAGA | +0.0100% | 4h | 0.03930 | +0.156% | $4K | $23K | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03933 | +0.221% | $2K | $182K | 5x | as long as short |
Kraken Futures PF_SAGAUSD
Aster SAGAUSDT
Binance SAGAUSDT
Bybit SAGAUSDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDT
Variational Omni SAGA
Extended SAGA-USDShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SAGA-PERP-INTX | +0.0104% | 1h | 0.03942 | +0.459% | $39K | $320K | 25x | as long as short |
| BloFin SAGA-USDTlong | +0.0149% | 4h | 0.03924 | long leg | $982K | $254K | 20x | |
| Gate SAGA_USDT | +0.0484% | 4h | 0.03946 | +0.561% | $6.0M | $6.7M | 20x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.0766% | 1h | 0.03939 | +0.382% | $3K | $124 | 10x | as long as short |
Coinbase International SAGA-PERP-INTX
Gate SAGA_USDT
Deribit SAGA_USDC-PERPETUAL