SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.079%

Price spread now: BloFin against KuCoin0.000%65s7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2482.481% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.597%−$60 · spread now 0.000%, 7d avg −0.069%

Together, before fees−0.627%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.069%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.04240	0.0100	pay 0.0050% / 4h	1h 52m	$852K	$2.5M	20x
Short	BloFin SAGA-USDT	0.04240	0.0129	get 0.0065% / 4h	1h 52m	$1.1M	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.15
Price spread: 0.000% → −0.069%: $6.85
Slippage, 4 orders: −$224.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$235.07
Costs to cover: 2.481%
Break-even: 274.6 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 5 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 KuCoin live order book, 5 min ago	17.83 bp	110.6 bp −$111	2743.6 bp −$27.4K	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	7.12 bp	28.1 bp −$28	94.7 bp −$947	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	−0.2934%	1h	0.04203	−0.873%	$2.3M	$257K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0604%	1h	0.04242	+0.052%	$79K	$596K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04241	+0.023%	$73K	$717K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04246	+0.131%	$21.1M	$97.3M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04252	+0.283%	$6.4M	$7.3M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04243	+0.071%	$3.0M	$4.1M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.04240	long leg	$852K	$2.5M	20x
Extended SAGA-USD	+0.0104%	1h	0.04250	+0.224%	$4K	$192K	5x	as long as short
BloFin SAGA-USDTshort	+0.0129%	4h	0.04240	0.000%	$1.1M	$232K	20x
Bybit SAGAUSDT	+0.0205%	4h	0.04249	+0.217%	$4.2M	$14.3M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SAGA-USDT	+0.0219%	4h	0.04245	+0.118%	—	$2.0M	—	as long as short
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.04236	−0.094%	$46K	$403K	25x	as long as short
Variational Omni SAGA	+0.0372%	4h	0.04210	−0.714%	$6K	$46K	—	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.1164%	1h	0.04249	+0.212%	$4K	—	10x	as long as short