SAGA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.80 per $10,000 · paid last 24h +0.133%

Price spread now: Bybit against KuCoin−0.321%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$366as in the Price arb table

costs, in and out, $10k−$3273.270% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.372%+$37 · spread now −0.321%, 7d avg +0.072%

Together, before fees+0.382%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.393% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.321% now, against its 7-day average of +0.072%). If the spread goes back, that is −$39 on $10k: about 8.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.010% in total) that is about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAGAUSDTM	0.04018	0.0100	pay 0.0050% / 4h	1h 10m	$868K	$2.6M	20x
Short	Bybit SAGAUSDT	0.04005	0.0261	get 0.0130% / 4h	1h 10m	$3.9M	$15.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.321%Rate

Funding earned: $33.79
Price spread: −0.321% → +0.072%: −$39.28
Slippage, 4 orders: −$303.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$332.49
Costs to cover: 3.270%
Break-even: 75.9 days

Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago	38.03 bp	112.1 bp −$112	2672.6 bp −$26.7K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.44 bp	46.3 bp −$46	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	−0.1616%	1h	0.03999	−0.473%	$2.2M	$263K	3x	as long as short
Kraken Futures PF_SAGAUSD	−0.0641%	1h	0.03998	−0.505%	$72K	$561K	20x	as long as short
Aster SAGAUSDT	+0.0100%	4h	0.04017	−0.024%	$59K	$711K	5x	as long as short
Binance SAGAUSDT	+0.0100%	4h	0.04017	−0.025%	$19.7M	$100.4M	20x	as long as short
Gate SAGA_USDT	+0.0100%	4h	0.04033	+0.373%	$6.1M	$7.6M	20x	as long as short
MEXC SAGA_USDT	+0.0100%	4h	0.04004	−0.348%	$2.9M	$4.5M	50x	as long as short
KuCoin SAGAUSDTMlong	+0.0100%	4h	0.04018	long leg	$868K	$2.6M	20x
Extended SAGA-USD	+0.0104%	1h	0.04020	+0.062%	$3K	$177K	5x	as long as short
BloFin SAGA-USDT	+0.0159%	4h	0.04001	−0.423%	$1.1M	$271K	20x	as long as short
BingX SAGA-USDT	+0.0194%	4h	0.04018	0.000%	—	$2.0M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAGA	+0.0230%	4h	0.04016	−0.055%	$6K	$42K	—	as long as short
Bybit SAGAUSDTshort	+0.0261%	4h	0.04005	−0.321%	$3.9M	$15.2M	20x
Coinbase International SAGA-PERP-INTX	+0.0296%	1h	0.03991	−0.672%	$42K	$381K	25x	as long as short
Deribit SAGA_USDC-PERPETUAL	+0.0498%	1h	0.04012	−0.149%	$3K	—	10x	as long as short