Spread before costs (cost unknown: a leg has no order-book sample)+0.139%
7d average—if it closes, per $10,000$14funding while held, a day−$27.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SAGA_USDC-PERPETUAL | 0.03968 | 0.1012 | pay 0.0126% / 1h | 21m 47s | $3K | $28 | 10x |
| Short | Binance SAGAUSDT | 0.03974 | 0.0100 | get 0.0050% / 4h | 2h 21m | $20.0M | $183.9M | 20x |
Deribit SAGA_USDC-PERPETUAL
Binance SAGAUSDTPrice 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
- $13.86
- Funding while held
- −$27.35
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.49
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0912%
- Per $10,000 a day
- −$27.35
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 2.59 bp | 21.9 bp −$22 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
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.Variational Omni0.03915cheapestBloFin0.03938+0.582%Coinbase International0.03942+0.684%Hyperliquid0.03964+1.246%MEXC0.03968+1.348%
Variational Omni
BloFin
Coinbase International
Hyperliquid
MEXCDeribit0.03968+1.348%
Kraken Futures0.03968+1.348%Aster0.03972+1.462%Extended0.03973+1.484%
Kraken Futures
Aster
ExtendedBinance0.03974+1.489%
BingX0.03975+1.527%KuCoin0.03977+1.578%Bybit0.03984+1.757%Gate0.03997+2.089%
BingX
KuCoin
Bybit
GateSAGA on 14 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni SAGA | −1.330% | +0.0323% | 4h | $4K | $161K | — | as long as short |
| BloFin SAGA-USDT | −0.756% | +0.0158% | 4h | $1.1M | $631K | 20x | as long as short |
| Coinbase International SAGA-PERP-INTX | −0.655% | −0.1896% | 1h | $53K | $377K | 25x | as long as short |
| Hyperliquid SAGA | −0.101% | +0.0100% | 1h | $2.2M | $379K | 3x | as long as short |
| MEXC SAGA_USDT | 0.000% | +0.0100% | 4h | $3.3M | $9.2M | 50x | as long as short |
| Deribit SAGA_USDC-PERPETUALlong | 0.000% | +0.1012% | 1h | $3K | $28 | 10x | |
| Kraken Futures PF_SAGAUSD | 0.000% | +0.0461% | 1h | $88K | $728K | 20x | as long as short |
| Aster SAGAUSDT | +0.113% | +0.0100% | 4h | $84K | $1.1M | 5x | as long as short |
| Extended SAGA-USD | +0.134% | +0.0104% | 1h | $3K | $175K | 5x | as long as short |
| Binance SAGAUSDTshort | +0.139% | +0.0100% | 4h | $20.0M | $183.9M | 20x |
Show all 14 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX SAGA-USDT | +0.176% | +0.0714% | 4h | — | $2.5M | — | as long as short |
| KuCoin SAGAUSDTM | +0.227% | −0.0488% | 4h | $1.2M | $3.3M | 20x | as long as short |
| Bybit SAGAUSDT | +0.403% | +0.0767% | 4h | $4.3M | $27.3M | 20x | as long as short |
| Gate SAGA_USDT | +0.731% | +0.1510% | 4h | $7.3M | $9.2M | 20x | as long as short |