SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0928%/8h= −101.6% APRnext payment −$1.16 per $10,000 · paid last 24h −0.593%

Price spread now: Coinbase International against Deribit+0.868%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.868% dearer against Deribit than usual: you sell high and buy low (spread +0.868% now, against zero (this spread has no 7-day history yet)): +$87 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SAGA_USDC-PERPETUAL	0.04032	0.0992	pay 0.0124% / 1h	55m 57s	$3K	$28	10x
Short	Coinbase International SAGA-PERP-INTX	0.04067	0.0064	get 0.0008% / 1h	55m 57s	$47K	$403K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.868%Rate

Funding earned: −$194.8
Price spread: +0.868% → 0.000%: $86.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$124.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 7 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 7 min ago	51.46 bp	114.4 bp −$114	doesn't fit	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 on 13 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
Hyperliquid SAGA	−0.1592%	1h	0.03992	−0.992%	$2.2M	$280K	3x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0064%	1h	0.04067	+0.868%	$47K	$403K	25x
Aster SAGAUSDT	+0.0100%	4h	0.04020	−0.295%	$72K	$807K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04010	−0.546%	$19.9M	$109.8M	20x	as long as short
Bybit SAGAUSDT	+0.0100%	4h	0.04008	−0.588%	$3.9M	$15.0M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04028	−0.099%	$6.2M	$7.9M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04011	−0.521%	$2.7M	$4.8M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04017	−0.372%	$798K	$2.8M	20x	as long as short
BingX SAGA-USDT	+0.0100%	4h	0.04013	−0.471%	—	$2.0M	—	as long as short
Extended SAGA-USD	+0.0104%	1h	0.04016	−0.394%	$5K	$133K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SAGAUSD	+0.0129%	1h	0.04026	−0.138%	$71K	$650K	20x	as long as short
Variational Omni SAGA	+0.0149%	4h	0.04024	−0.202%	$4K	$53K	—	as long as short
Deribit SAGA_USDC-PERPETUALlong	+0.0992%	1h	0.04032	long leg	$3K	$28	10x