SAGA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.390%

7d average—if it closes, per $10,000$39funding while held, a day+$23.86

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SAGA_USDC-PERPETUAL	0.03842	0.0271	pay 0.0034% / 1h	32m 04s	$3K	$28	10x
Short	Gate SAGA_USDT	0.03857	0.1066	get 0.0533% / 4h	1h 32m	$6.0M	$10.1M	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee GatebpOrdersClose when spread is

Spread captured: $39.04
Funding while held: $23.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $40.9
Spread needed to break even: 0.220%

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0795%
Per $10,000 a day: +$23.86
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 Gate live order book, 3 min ago	6.45 bp	82.1 bp −$82	587.6 bp −$5,876	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.

Coinbase International0.03821cheapest Variational Omni0.03823+0.057%Hyperliquid0.03825+0.105%BloFin0.03840+0.497%

Deribit0.03842+0.550%

MEXC0.03843+0.576%Aster0.03844+0.605%Kraken Futures0.03846+0.646%Extended0.03846+0.655%Binance0.03846+0.664%KuCoin0.03847+0.680%BingX0.03847+0.680%Bybit0.03849+0.741%

Gate0.03857+0.942%

SAGA on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International SAGA-PERP-INTX	−0.547%	−0.1128%	1h	$51K	$409K	25x	as long as short
Variational Omni SAGA	−0.490%	+0.0415%	4h	$3K	$153K	—	as long as short
Hyperliquid SAGA	−0.442%	−0.1023%	1h	$2.1M	$383K	3x	as long as short
BloFin SAGA-USDT	−0.052%	+0.0054%	4h	$1.1M	$597K	20x	as long as short
Deribit SAGA_USDC-PERPETUALlong	0.000%	+0.0271%	1h	$3K	$28	10x
MEXC SAGA_USDT	+0.026%	+0.0100%	4h	$2.9M	$8.6M	50x	as long as short
Aster SAGAUSDT	+0.055%	+0.0054%	4h	$65K	$1.1M	5x	as long as short
Kraken Futures PF_SAGAUSD	+0.096%	+0.0114%	1h	$95K	$773K	20x	as long as short
Extended SAGA-USD	+0.105%	+0.0104%	1h	$3K	$172K	5x	as long as short
Binance SAGAUSDT	+0.114%	+0.0100%	4h	$19.3M	$180.0M	20x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SAGAUSDTM	+0.130%	−0.0026%	4h	$875K	$3.3M	20x	as long as short
BingX SAGA-USDT	+0.130%	+0.0504%	4h	—	$2.5M	—	as long as short
Bybit SAGAUSDT	+0.190%	+0.0521%	4h	$3.8M	$26.9M	20x	as long as short
Gate SAGA_USDTshort	+0.390%	+0.1066%	4h	$6.0M	$10.1M	20x