What is the current SAGA funding rate?
The current SAGA funding rate is 0.0040%. Positive rates mean longs pay shorts; negative means shorts pay longs. Rates update continuously on Hyperliquid.
What is the maximum leverage for SAGA on Hyperliquid?
SAGA perpetual futures support up to 10× leverage on Hyperliquid. Button recommends sizing positions to your conviction and risk tolerance — high leverage amplifies both gains and losses.
How do SAGA perpetual futures work?
SAGA perps are derivative contracts with no expiry date that track the price of Saga. A funding rate mechanism (currently 0.0040%) keeps the perp anchored to spot by transferring periodic payments between longs and shorts.
What fees apply when trading Saga perps through Button?
Button does not charge a platform markup. You pay the standard Hyperliquid maker/taker fees plus any funding cost if you hold a position across funding intervals. There are no hidden spreads or withdrawal fees.
How does liquidation work on SAGA positions?
SAGA positions are liquidated automatically by Hyperliquid when your margin ratio falls below the maintenance threshold. Button surfaces your real-time liquidation price so you always know how much room you have before you open or scale into a trade.
When can I trade SAGA perpetual futures?
SAGA perps are available 24/7 with no maintenance windows. Button reflects the market status live, so you can see at a glance whether the market is open, reduce-only, or actively trading.
Do I need to sign up or complete KYC to trade SAGA?
No. Button is a self-custodial interface — you connect a wallet and trade SAGA directly on-chain. There is no account, no identity verification, and no custodian holding your collateral. Local jurisdictional rules still apply.