Funding you earn now, next payment 12:00 UTC+0.0173%/8h= +18.9% APRnext payment +$0.86 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Binance+0.115%111s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now +0.115%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.106% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAGUSDT | 64.765 | 0.0058 | pay 0.0029% / 4h | 3h 27m | $196.3M | $781.2M | 100x |
| Short | BloFin XAG-USDT | 64.840 | 0.0231 | get 0.0115% / 4h | 3h 27m | $2.7M | $667K | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $36.3
- Price spread: +0.115% → +0.010%
- $10.56
- Slippage, 4 orders
- −$3.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $21.77
- Costs to cover
- 0.251%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 6 min ago.
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 Binance live order book, 2 min ago | 0.77 bp | 5.8 bp −$6 | 6.5 bp −$65 | 9.1 bp −$905 | 22.9 bp −$11.4K |
| Sell BloFin live order book, 6 min ago | 0.77 bp | 6.8 bp −$7 | 6.8 bp −$68 | 9.8 bp −$975 | 18.1 bp −$9,053 |
XAG on 44 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 64.673 | −0.143% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 64.800 | +0.053% | $139.1M | $185.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.800 | +0.053% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 64.780 | +0.022% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.780 | +0.022% | $1.5M | $337K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.663 | −0.158% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0017% | 4h | 64.834 | +0.106% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 64.748 | −0.027% | $4.5M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.695 | −0.108% | $5.0M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.524% | $11K | $94K | 52x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 64.720 | −0.070% | $778K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.150 | +0.594% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.740 | −0.039% | $447K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.665 | −0.155% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.666 | −0.154% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.670 | −0.147% | $5.6M | $9.9M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0056% | 4h | 64.720 | −0.070% | $121.2M | $159.0M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0058% | 4h | 64.839 | +0.113% | $660K | $315K | 30x | as long as short |
| Binance XAGUSDTlong | +0.0058% | 4h | 64.765 | long leg | $196.3M | $781.2M | 100x | |
| Paradex XAG-USD-PERP | +0.0062% | 8h | 64.749 | −0.025% | $29K | $166 | 5x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 64.749 | −0.025% | $46K | — | 10x | as long as short |
| Aster XAGUSDT | +0.0078% | 4h | 64.770 | +0.006% | $2.6M | $1.0M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.740 | −0.039% | $1.6M | $1.5M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0085% | 24h | 64.711 | −0.084% | $484K | $34.6M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 64.736 | −0.046% | $34K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.712 | −0.083% | $462K | $591K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.720 | −0.070% | $25.0M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.810 | +0.069% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.767 | +0.002% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0129% | 1h | 64.727 | −0.059% | $172.6M | $88.7M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.730 | −0.055% | $1.2M | $4.9M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0160% | 4h | 64.830 | +0.100% | $386K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0160% | 1h | 64.719 | −0.072% | $1.2M | $4.2M | 10x | as long as short |
| Bitget XAGUSDT | +0.0196% | 4h | 64.780 | +0.022% | $23.4M | $47.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 64.780 | +0.022% | $28.8M | $74.6M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 64.769 | +0.006% | $78K | $37K | 10x | as long as short |
| Lighter XAG | +0.0224% | 1h | 64.760 | −0.009% | $5.2M | $11.1M | 25x | as long as short |
| Bybit XAGUSDT | +0.0224% | 4h | 64.790 | +0.038% | $29.7M | $43.4M | 150x | as long as short |
| BloFin XAG-USDTshort | +0.0231% | 4h | 64.840 | +0.115% | $2.7M | $667K | 100x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.775 | +0.015% | $92K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0296% | 1h | 64.781 | +0.024% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0344% | 1h | 64.664 | −0.157% | $19K | $15K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0368% | 1h | 64.760 | −0.008% | $76K | $432K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0421% | 1h | 64.745 | −0.032% | $1.0M | $894K | 25x | as long as short |
Binance XAGUSDT
BloFin XAG-USDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
MEXC SILVER_USDT
edgeX XAGUSDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Lighter XAG
Bybit XAGUSDT
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD