After costs, if the gap returns to its 7d average, $10k−$156
spread now−0.083%7d average+0.164%fees + slippage, in and out−$132spread needed1.317%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SAGAUSD | 0.03954 | 0.0462 | pay 0.0058% / 1h | 10m 59s | $88K | $726K | 20x |
| Short | Binance SAGAUSDT | 0.03951 | 0.0100 | get 0.0050% / 4h | 2h 10m | $19.8M | $179.4M | 20x |
Kraken Futures PF_SAGAUSD
Binance SAGAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.29
- Funding while held
- −$10.86
- Slippage, 4 orders
- −$111.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$150.83
- Spread needed to break even
- 1.317%
Slippage from Kraken Futures: live order book, 29 min ago; Binance: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0362%
- Per $10,000 a day
- −$10.86
- 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 Kraken Futures live order book, 29 min ago | 31.06 bp | 51.1 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.52 bp | 15.1 bp −$15 | 114.4 bp −$1,144 | doesn't fit | doesn't fit |
SAGA price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03920cheapestBybit0.03948+0.714%Hyperliquid0.03950+0.765%Extended0.03950+0.768%
Coinbase International
Bybit
Hyperliquid
ExtendedBinance0.03951+0.791%
Kraken Futures0.03954+0.874%
BingX0.03956+0.918%Aster0.03960+1.019%MEXC0.03961+1.046%Deribit0.03961+1.046%KuCoin0.03967+1.199%Gate0.03975+1.403%BloFin0.03992+1.837%Variational Omni0.04029+2.779%
BingX
Aster
MEXC
Deribit
KuCoin
Gate
BloFin
Variational OmniSAGA 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 | −0.867% | −0.1896% | 1h | $54K | $372K | 25x | as long as short |
| Bybit SAGAUSDT | −0.159% | +0.0929% | 4h | $4.2M | $26.6M | 20x | as long as short |
| Hyperliquid SAGA | −0.108% | +0.0100% | 1h | $2.2M | $381K | 3x | as long as short |
| Extended SAGA-USD | −0.105% | +0.0104% | 1h | $3K | $173K | 5x | as long as short |
| Binance SAGAUSDTshort | −0.083% | +0.0100% | 4h | $19.8M | $179.4M | 20x | |
| Kraken Futures PF_SAGAUSDlong | 0.000% | +0.0462% | 1h | $88K | $726K | 20x | |
| BingX SAGA-USDT | +0.044% | +0.0844% | 4h | — | $2.5M | — | as long as short |
| Aster SAGAUSDT | +0.143% | +0.0100% | 4h | $81K | $1.1M | 5x | as long as short |
| MEXC SAGA_USDT | +0.170% | +0.0100% | 4h | $3.3M | $9.2M | 50x | as long as short |
| Deribit SAGA_USDC-PERPETUAL | +0.170% | +0.1014% | 1h | $3K | $28 | 10x | as long as short |
Show all 14 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin SAGAUSDTM | +0.322% | −0.0350% | 4h | $1.2M | $3.1M | 20x | as long as short |
| Gate SAGA_USDT | +0.524% | +0.1546% | 4h | $7.3M | $9.2M | 20x | as long as short |
| BloFin SAGA-USDT | +0.954% | +0.0071% | 4h | $1.1M | $630K | 20x | as long as short |
| Variational Omni SAGA | +1.888% | +0.0471% | 4h | $4K | $160K | — | as long as short |