Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG60.236L +0.0042S +0.0026pay 0.0005% / 1h29m 34s$1.4M—75xLong Avantis
SHORT60.330+0.0516get 0.0258% / 4h1h 29m$47.4M$41.2M150xShort Bybit
Price gap+0.156%
Funding gap+0.0474% /8h

Funding trade: +$14 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$31+0.0474% /8h now · paid +0.306% over the last 7D
Price−$1spread +0.156% now, avg +0.163% → −0.007% if it goes back
Costsno datano order book for Avantis
Result, before costs+$30+0.30%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.306% in total, about +0.0146%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.156%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 46 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$133 + $67
    Avantis 75x, Bybit 150x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$14.21Long Avantis: 24 payments, −$1.27; short Bybit: 6 payments, +$15.48.
  • Note: Gap at its usual level+0.156% vs +0.163%
    The price leg adds little either way.
  • Watch: Long leg is thinner$1.4M vs $47.4M OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3
    Volume here counts toward the points program.
  • Watch: KYCAvantis No · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0146%/8h × 21 periods+$30.60
Price spread+0.156% → +0.163% (7d avg)−$0.74
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$8.00
Fee Bybit bp × 2 orders−$11.00
Net, fees only · 7 days · $10k+$10.86
Costs to cover0.190%Break-even4.5 days
Slippage: Avantis: no order-book sample; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTBybit0.836.3 bp−$68.5 bp−$8514.7 bp−$1,47563.3 bp−$31.6K

Closing costs about the same again.
Avantis: no data.

Alert

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →
09-30 07:14AsterListingnew market SIUSDT ($XAG) seen by our collector
09-30 03:46GateListingnew market SI_USDT ($XAG) seen by our collector
09-28 15:17Ondo PerpsProductIntroducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-26 13:03MEXCListingnew market SI_USDT ($XAG) seen by our collector
09-24 04:18BingXListingnew market SI-USDT ($XAG) seen by our collector
09-23 15:00Vest MarketsOther$SLV is down around 3.5% on today's session, with precious metals broadly lower and the dollar near a two-month high. The 10-year yield is near 4.98%, with Fed officials reaffirming last week's rate hike, the first since 2023. $GLD is down around 1.6% on the session, with the pullback taking silver back below the multi-year highs it held earlier this week. @VestExchange on X ↗