SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1055%/8h= −115.5% APRnext payment −$1.32 per $10,000 · paid last 24h −0.213%

Price spread now: Kraken Futures against Deribit−0.080%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Kraken Futures

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 against this trade now: funding costs −$32 a day on $10k at the current rate, and Kraken Futures is 0.080% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SAGA_USDC-PERPETUAL	0.03858	0.0788	pay 0.0098% / 1h	38m 41s	$3K	$28	10x
Short	Kraken Futures PF_SAGAUSD	0.03855	−0.0267	pay 0.0033% / 1h	38m 41s	$68K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$221.49
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$246.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 19 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 Kraken Futures live order book, 19 min ago	40.78 bp	54.6 bp −$55	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 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_SAGAUSDshort	−0.0267%	1h	0.03855	−0.080%	$68K	$645K	20x
Coinbase International SAGA-PERP-INTX	+0.0080%	1h	0.03856	−0.052%	$44K	$376K	25x	as long as short
Hyperliquid SAGA	+0.0100%	1h	0.03827	−0.804%	$2.1M	$266K	3x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.03850	−0.209%	$69K	$768K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.03840	−0.456%	$19.0M	$102.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.03860	+0.052%	$5.9M	$7.8M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.03835	−0.596%	$2.5M	$4.5M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.03838	−0.518%	$761K	$2.6M	20x	as long as short
Extended SAGA-USD	+0.0104%	1h	0.03836	−0.569%	$2K	$129K	5x	as long as short
BloFin SAGA-USDT	+0.0116%	4h	0.03868	+0.259%	$999K	$212K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0189%	4h	0.03831	−0.700%	$3.8M	$14.4M	20x	as long as short
BingX SAGA-USDT	+0.0202%	4h	0.03848	−0.259%	—	$2.0M	—	as long as short
Variational Omni SAGA	+0.0243%	4h	0.03859	+0.035%	$4K	$48K	—	as long as short
Deribit SAGA_USDC-PERPETUALlong	+0.0788%	1h	0.03858	long leg	$3K	$28	10x