SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.229%

Price spread now: Coinbase International against Extended−0.806%7-day average −1.390% · you buy dearer than you sell

Net, funding: paid 7d − costs−$902as in the Funding arb table

Net, price: spread back to 7d avg − costs−$389as in the Price arb table

costs, in and out, $10k−$4474.470% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−4.550%−$455 on $10k

Price spread, last 4 days (all we have)+1.399%+$140 · spread now −0.806%, 7d avg −1.390%

Together, before fees−3.151%+ Points / potential airdropExtended: Active · farm board−$315 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.585% dearer against Extended than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −1.390%. Mind the row above: over the last 7 days funding on this pair cost −4.550%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SAGA-USD	0.04094	0.0104	pay 0.0013% / 1h	27m 56s	$5K	$195K	5x
Short	Coinbase International SAGA-PERP-INTX	0.04061	0.0176	get 0.0022% / 1h	27m 56s	$45K	$386K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.806%Rate

Funding earned: $15.12
Price spread: −0.806% → −1.390%: $58.46
Slippage, 4 orders: −$432.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$373.42
Costs to cover: 4.470%
Break-even: 179.9 days

Slippage from Extended: live order book, 18 min ago; Coinbase International: live order book, 20 min ago.

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 Extended live order book, 18 min ago	6.67 bp	51.4 bp −$51	334.1 bp −$3,341	doesn't fit	doesn't fit
Sell Coinbase International live order book, 20 min ago	59.10 bp	120.9 bp −$121	doesn't fit	doesn't fit	doesn't fit

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
Hyperliquid SAGA	−0.0197%	1h	0.04057	−0.904%	$2.2M	$253K	3x	as long as short
Kraken Futures PF_SAGAUSD	+0.0094%	1h	0.04076	−0.430%	$76K	$617K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04094	+0.009%	$71K	$730K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04095	+0.036%	$20.3M	$96.5M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04099	+0.122%	$6.2M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04095	+0.025%	$2.7M	$4.1M	50x	as long as short
KuCoin SAGAUSDTM	+0.0100%	4h	0.04094	0.000%	$801K	$2.5M	20x	as long as short
Extended SAGA-USDlong	+0.0104%	1h	0.04094	long leg	$5K	$195K	5x
BloFin SAGA-USDT	+0.0130%	4h	0.04089	−0.122%	$1.0M	$211K	20x	as long as short
Coinbase International SAGA-PERP-INTXshort	+0.0176%	1h	0.04061	−0.806%	$45K	$386K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SAGAUSDT	+0.0598%	4h	0.04090	−0.100%	$4.0M	$14.2M	20x	as long as short
Variational Omni SAGA	+0.0636%	4h	0.04080	−0.330%	$4K	$44K	—	as long as short
BingX SAGA-USDT	+0.0648%	4h	0.04096	+0.049%	—	$1.9M	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1218%	1h	0.04093	−0.024%	$3K	—	10x	as long as short