SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.079%

Price spread now: KuCoin against BloFin−0.050%95s7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as 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−$2792.792% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.900%+$90 · spread now −0.050%, 7d avg +0.065%

Together, before fees+0.930%+$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.115% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.065%). If the spread goes back, that is −$11 on $10k: about 24 days of funding at the current rate ($0 a day). The two prices were read 95 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	0.04002	0.0084	pay 0.0042% / 4h	3h 43m	$991K	$216K	20x
Short	KuCoin SAGAUSDTM	0.04000	0.0100	get 0.0050% / 4h	3h 43m	$781K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $3.34
Price spread: −0.050% → +0.065%: −$11.5
Slippage, 4 orders: −$255.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$287.35
Costs to cover: 2.792%
Break-even: 609.8 days

Slippage from BloFin: live order book, 38 min ago; KuCoin: live order book, 3 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, 38 min ago	5.12 bp	21.8 bp −$22	111.7 bp −$1,117	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	18.77 bp	101.3 bp −$101	doesn't fit	doesn't fit	doesn't fit

SAGA on 14 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
Kraken Futures PF_SAGAUSD	−0.0695%	1h	0.04001	−0.031%	$74K	$637K	20x	as long as short
Hyperliquid SAGA	+0.0056%	1h	0.03992	−0.250%	$2.2M	$256K	3x	as long as short
BloFin SAGA-USDTlong	+0.0084%	4h	0.04002	long leg	$991K	$216K	20x
Aster SAGAUSDT	+0.0100%	4h	0.03998	−0.099%	$71K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04007	+0.125%	$19.7M	$99.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04021	+0.475%	$6.1M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04004	+0.050%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.04000	−0.050%	$781K	$2.6M	20x
Extended SAGA-USD	+0.0104%	1h	0.04006	+0.096%	$5K	$131K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0248%	1h	0.03987	−0.375%	$45K	$393K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0384%	4h	0.04004	+0.062%	$4K	$45K	—	as long as short
Bybit SAGAUSDT	+0.1382%	4h	0.04007	+0.130%	$3.9M	$14.3M	20x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1501%	1h	0.04004	+0.050%	$3K	$28	10x	as long as short
BingX SAGA-USDT	+0.1958%	4h	0.04008	+0.150%	—	$2.0M	—	as long as short