data as of
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Price arb /

SAGA

all SAGA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$116
spread now+0.549%7d average+0.013%fees + slippage, in and out−$170spread needed1.699%
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SAGA0.03394−0.0629get 0.0079% / 1h47m 57s$1.9M$962K3x
ShortKraken Futures PF_SAGAUSD0.03413−0.1244pay 0.0156% / 1h47m 57s$74K$788K20x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$54.89
Funding while held
−$18.46
Slippage, 4 orders
−$150.9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$133.46
Spread needed to break even
1.699%
Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
−0.0615%
Per $10,000 a day
−$18.46
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago1.48 bp64.0 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 7 min ago27.95 bp46.3 bp −$46doesn't fitdoesn't fitdoesn't fit

SAGA price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.03372cheapest
Hyperliquid0.03394+0.652%
Variational Omni0.03403+0.919%BloFin0.03403+0.919%KuCoin0.03412+1.186%
Kraken Futures0.03413+1.205%
Extended0.03415+1.270%Deribit0.03415+1.275%Binance0.03415+1.287%MEXC0.03416+1.305%Aster0.03420+1.419%Gate0.03420+1.423%BingX0.03420+1.423%Bybit0.03420+1.432%

SAGA on 14 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International SAGA-PERP-INTX−0.648%−0.0072%1h$51K$338K25xas long as short
Hyperliquid SAGAlong0.000%−0.0629%1h$1.9M$962K3x
Variational Omni SAGA+0.265%+0.0100%4h$10K$171K—as long as short
BloFin SAGA-USDT+0.265%+0.0082%4h$951K$672K20xas long as short
KuCoin SAGAUSDTM+0.530%+0.0100%4h$579K$3.2M20xas long as short
Kraken Futures PF_SAGAUSDshort+0.549%−0.1244%1h$74K$788K20x
Extended SAGA-USD+0.614%+0.0104%1h$2K$175K5xas long as short
Deribit SAGA_USDC-PERPETUAL+0.619%0.0000%1h$3K$5310xas long as short
Binance SAGAUSDT+0.631%+0.0100%4h$17.0M$204.2M20xas long as short
MEXC SAGA_USDT+0.648%+0.0100%4h$3.2M$9.7M50xas long as short
Show all 14 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster SAGAUSDT+0.762%+0.0100%4h$61K$1.2M5xas long as short
Gate SAGA_USDT+0.766%+0.0894%4h$5.0M$10.9M20xas long as short
BingX SAGA-USDT+0.766%+0.0100%4h—$2.8M—as long as short
Bybit SAGAUSDT+0.775%+0.0100%4h$3.6M$32.3M20xas long as short