SAGA Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized SAGA perpetual funding across all 8 venues Perpia tracks. Right now SAGA funding is positive on 8 and negative on 0, ranging from +144.7% on Hyperliquid to +5.5% on MEXC — a spread of 139.3%. The widest delta-neutral trade is long Binance / short Hyperliquid at 134.4% net APR.
SAGA funding rate by venue
22 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid | +144.7% | 1h |
| Bybit | +80.2% | 4h |
| BingX | +72.9% | 4h |
| Gate.io | +68.3% | 4h |
| KuCoin | +10.9% | 4h |
| Aster | +10.9% | 1h |
| Binance | +5.5% | 8h |
| MEXC | +5.5% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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SAGA funding — FAQ
Is SAGA funding positive right now?
SAGA perpetual funding is positive on 8 of 8 venues Perpia tracks. The highest is +144.7% on Hyperliquid; the lowest is +5.5% on MEXC.
What is the best SAGA funding arbitrage right now?
Go long Binance and short Hyperliquid for about 134.4% net APR after fees — the widest delta-neutral SAGA spread Perpia currently sees.
Which exchange has the highest SAGA funding rate?
Hyperliquid, at +144.7% annualized. Funding shifts continuously, so check the live table above before trading.
How SAGA funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.