Funding you earn now, next payment 02:00 UTC+0.0635%/8h= +69.5% APRpaid last 24h +0.105%
Price spread now: Deribit against Variational Omni+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.033% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SAGA | 0.03973 | 0.0123 | pay 0.0062% / 4h | 2h 00m | $4K | $55K | — |
| Short | Deribit SAGA_USDC-PERPETUAL | 0.03974 | 0.0758 | get 0.0095% / 1h | 0m 59s | $3K | $28 | 10x |
Variational Omni SAGA
Deribit SAGA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $133.25
- Price spread: +0.033% → 0.000%
- $3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $129.51
- Costs to cover
- 0.070%
- Break-even
- 0.2 days
Slippage unknown: Variational Omni: no order-book sample; Deribit: no order-book sample. Net counts fees only.
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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Variational Omni and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SAGA on 13 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 | −0.1075% | 1h | 0.03947 | −0.647% | $2.2M | $280K | 3x | as long as short |
| Kraken Futures PF_SAGAUSD | −0.0038% | 1h | 0.03969 | −0.090% | $71K | $650K | 20x | as long as short |
| Aster SAGAUSDT | +0.0100% | 4h | 0.03977 | +0.118% | $71K | $834K | 5x | as long as short |
| Binance SAGAUSDT | +0.0100% | 4h | 0.03982 | +0.240% | $19.7M | $110.3M | 20x | as long as short |
| Bybit SAGAUSDT | +0.0100% | 4h | 0.03983 | +0.262% | $3.9M | $15.1M | 20x | as long as short |
| Gate SAGA_USDT | +0.0100% | 4h | 0.03995 | +0.561% | $6.1M | $8.3M | 20x | as long as short |
| MEXC SAGA_USDT | +0.0100% | 4h | 0.03980 | +0.184% | $2.7M | $5.5M | 50x | as long as short |
| KuCoin SAGAUSDTM | +0.0100% | 4h | 0.03977 | +0.108% | $788K | $2.8M | 20x | as long as short |
| BingX SAGA-USDT | +0.0100% | 4h | 0.03980 | +0.184% | — | $2.0M | — | as long as short |
| Extended SAGA-USD | +0.0104% | 1h | 0.03978 | +0.143% | $5K | $133K | 5x | as long as short |
Hyperliquid SAGA
Kraken Futures PF_SAGAUSD
Aster SAGAUSDT
Binance SAGAUSDT
Bybit SAGAUSDT
Gate SAGA_USDT
MEXC SAGA_USDT
KuCoin SAGAUSDTM
BingX SAGA-USDT
Extended SAGA-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SAGA-PERP-INTX | +0.0104% | 1h | 0.04004 | +0.788% | $47K | $403K | 25x | as long as short |
| Variational Omni SAGAlong | +0.0123% | 4h | 0.03973 | long leg | $4K | $55K | — | |
| Deribit SAGA_USDC-PERPETUALshort | +0.0758% | 1h | 0.03974 | +0.033% | $3K | $28 | 10x |
Coinbase International SAGA-PERP-INTX