SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1489%/8h= +163.1% APRnext payment +$1.86 per $10,000 · paid last 24h +0.428%

Price spread now: Deribit against Coinbase International+0.825%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Deribit is 0.825% dearer against Coinbase International than usual: you sell high and buy low: +$82 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SAGA-PERP-INTX	0.04001	0.0248	pay 0.0031% / 1h	23m 56s	$45K	$393K	25x
Short	Deribit SAGA_USDC-PERPETUAL	0.04034	0.1737	get 0.0217% / 1h	23m 56s	$3K	$28	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.825%Rate

Funding earned: $312.71
Price spread: +0.825% → 0.000%: $82.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $378.19
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 29 min ago; Deribit: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 29 min ago	61.66 bp	214.1 bp −$214	doesn't fit	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 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	−0.0692%	1h	0.04020	+0.466%	$75K	$636K	20x	as long as short
BloFin SAGA-USDT	+0.0054%	4h	0.03980	−0.525%	$1.0M	$215K	20x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.04003	+0.050%	$2.2M	$254K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04017	+0.400%	$71K	$758K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04026	+0.625%	$19.8M	$98.8M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04026	+0.625%	$6.1M	$7.7M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04033	+0.800%	$2.6M	$4.2M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04029	+0.700%	$791K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04024	+0.571%	$2K	$187K	5x	as long as short
Coinbase International SAGA-PERP-INTXlong	+0.0248%	1h	0.04001	long leg	$45K	$393K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0462%	4h	0.03995	−0.145%	$4K	$45K	—	as long as short
Bybit SAGAUSDT	+0.0762%	4h	0.04027	+0.662%	$3.9M	$14.3M	20x	as long as short
BingX SAGA-USDT	+0.0786%	4h	0.04024	+0.575%	—	$2.0M	—	as long as short
Deribit SAGA_USDC-PERPETUALshort	+0.1737%	1h	0.04034	+0.825%	$3K	$28	10x