SAGA funding rates by exchange
The current funding rate for every SAGA perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 13
- Venue spread
- 0.03%
- Pays most
- Phemex
- 24h volume
- $15.9M
Right now Phemex pays +0.01% per settlement and Kraken pays -0.0196% — that gap is what a funding-arbitrage position captures.
Right now 12 of the 13 SAGA contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most SAGA funding accumulated on Hyperliquid, at +8.08% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
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| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 24h volume |
|---|---|---|---|---|---|---|
 Phemex |
SAGA-USDT | +0.01% | +7.1% | +0.20% | +0.89% | $388K |
 Toobit |
SAGA-USDT | +0.005% | +7.1% | +0.16% | +0.82% | $1.3M |
 BingX |
SAGA-USDT | +0.005% | +7.3% | +0.23% | +1.14% | $1.4M |
 WEEX |
SAGA-USDT | +0.005% | +7.1% | +0.20% | +0.87% | $0K |
 MEXC |
SAGA-USDT | +0.005% | +8.0% | +0.20% | +0.87% | $796K |
 Binance |
SAGA-USDT | +0.005% | +7.3% | +0.20% | +0.87% | $9.7M |
 Gate.io |
SAGA-USDT | +0.005% | +7.3% | +0.27% | +1.09% | $703K |
 KuCoin |
SAGA-USDT | +0.005% | +7.1% | +0.17% | +0.82% | $69K |
 Bybit |
SAGA-USDT | +0.005% | +7.2% | +0.23% | +1.14% | $1.4M |
 BloFin |
SAGA-USDT | +0.0024% | +1.4% | +0.21% | +0.87% | $61K |
 Aster |
SAGA-USDT | +0.0013% | +1.8% | +0.17% | +0.66% | $12K |
 Hyperliquid |
SAGA-USDT | +0.0013% | +7.7% | +0.20% | +8.08% | $141K |
 Kraken |
SAGA-USDT | -0.0196% | -175.5% | -1.02% | -6.02% | $68K |
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
Other coins
Funding rates by coin →
MAGMA
PI
PARTI
B
MORPHO
OPEN
PENDLE
Q
ME
ZEN
ERA
SUSHIFrequently asked questions
What is the SAGA funding rate right now?
SAGA funding currently ranges from +0.01% on Phemex down to -0.0196% on Kraken per settlement — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest SAGA funding?
At the moment Phemex shows the highest SAGA funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the SAGA funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On SAGA that difference is currently 0.03% per settlement, before the trading fees on both legs.
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