SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0608%/8h= −66.6% APRnext payment −$3.04 per $10,000 · paid last 24h −0.133%

Price spread now: KuCoin against Bybit−0.081%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2802.796% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.081%, 7d avg −0.073%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAGAUSDT	0.03972	0.0708	pay 0.0354% / 4h	2h 46m	$3.9M	$14.2M	20x
Short	KuCoin SAGAUSDTM	0.03969	0.0100	get 0.0050% / 4h	2h 46m	$762K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$127.69
Price spread: −0.081% → −0.073%: −$0.79
Slippage, 4 orders: −$256.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$408.05
Costs to cover: 2.796%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 5 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 Bybit live order book, 2 min ago	0.13 bp	39.7 bp −$40	129.7 bp −$1,297	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	18.93 bp	101.2 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
BloFin SAGA-USDT	+0.0065%	4h	0.03974	+0.045%	$991K	$208K	20x	as long as short
Kraken Futures PF_SAGAUSD	+0.0097%	1h	0.03963	−0.241%	$74K	$622K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03949	−0.584%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03968	−0.106%	$69K	$737K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03969	−0.087%	$19.5M	$97.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03979	+0.171%	$6.0M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03970	−0.055%	$2.6M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMshort	+0.0100%	4h	0.03969	−0.081%	$762K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.03968	−0.113%	$5K	$195K	5x	as long as short
Coinbase International SAGA-PERP-INTX	+0.0176%	1h	0.03972	−0.005%	$44K	$378K	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	+0.0622%	4h	0.03965	−0.181%	$4K	$45K	—	as long as short
Bybit SAGAUSDTlong	+0.0708%	4h	0.03972	long leg	$3.9M	$14.2M	20x
BingX SAGA-USDT	+0.0712%	4h	0.03980	+0.196%	—	$1.9M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0758%	1h	0.03973	+0.020%	$3K	—	10x	as long as short