Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.021%
Price spread now: Hibachi against Binance−0.086%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Hibachi is 0.086% cheaper against Binance than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAGUSDT | 65.344 | 0.0041 | pay 0.0020% / 4h | 49m 28s | $191.7M | $761.6M | 100x |
| Short | Hibachi XAG/USDT-P | 65.287 | 0.0168 | get 0.0021% / 1h | 49m 28s | $20K | $17K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- $26.67
- Price spread: −0.086% → 0.000%
- −$8.63
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$0.96
- Costs to cover
- 0.190%
- Break-even
- 7.3 days
Slippage unknown: Binance: live order book, 9 min ago; Hibachi: no order-book sample. Net counts fees only.
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, 9 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 8.1 bp −$815 | 19.9 bp −$9,936 |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0057% | 1h | 65.190 | −0.235% | $5.6M | $9.6M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.287 | −0.086% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.350 | +0.010% | $27.8M | $39.6M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.320 | −0.036% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.360 | +0.025% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.360 | +0.025% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.289 | −0.083% | $118K | — | 250x | as long as short |
| Variational Omni XAG | +0.0016% | 4h | 65.312 | −0.048% | $5.5M | $9.1M | — | as long as short |
| Aster XAGUSDT | +0.0030% | 4h | 65.320 | −0.036% | $2.7M | $951K | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.314 | −0.045% | $4.6M | $9.7M | 25x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.275 | −0.105% | $5.1M | $11.6M | 10x | as long as short |
| Gate XAG_USDT | +0.0032% | 4h | 65.310 | −0.052% | $141.1M | $176.8M | 100x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.616% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0040% | 4h | 65.330 | −0.021% | $117.4M | $157.0M | 1000x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.310 | −0.052% | $786K | $2.9M | 40x | as long as short |
| Binance XAGUSDTlong | +0.0041% | 4h | 65.344 | long leg | $191.7M | $761.6M | 100x | |
| QFEX SILVER-USD | +0.0044% | 1h | 65.300 | −0.067% | $152K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.756 | +0.631% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.290 | −0.082% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.281 | −0.096% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.342 | −0.003% | $29K | $1K | 5x | as long as short |
| Aevo XAG-PERP | +0.0056% | 1h | 65.322 | −0.034% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0057% | 4h | 65.317 | −0.041% | $665K | $313K | 30x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.281 | −0.096% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0076% | 1h | 65.312 | −0.049% | $169.7M | $81.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.293 | −0.078% | $477K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.360 | +0.025% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.289 | −0.084% | $469K | $612K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.290 | −0.082% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.260 | −0.128% | $112K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.321 | −0.035% | $1.2M | $4.9M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0134% | 4h | 65.317 | −0.041% | $384K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.343 | −0.001% | $5.3M | $11.1M | 25x | as long as short |
| Bitget XAGUSDT | +0.0166% | 4h | 65.350 | +0.010% | $23.7M | $45.4M | 100x | as long as short |
| BloFin XAG-USDT | +0.0166% | 4h | 65.330 | −0.021% | $2.7M | $582K | 100x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 65.272 | −0.110% | $1.2M | $4.8M | 10x | as long as short |
| Hibachi XAG/USDT-Pshort | +0.0168% | 1h | 65.287 | −0.086% | $20K | $17K | 10x | |
| OKX XAG-USDT-SWAP | +0.0176% | 8h | 65.340 | −0.006% | $28.1M | $70.6M | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0192% | 1h | 65.332 | −0.018% | $35K | $21K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.320 | −0.036% | $65K | $387K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0211% | 1h | 65.320 | −0.036% | $78K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0225% | 1h | 65.326 | −0.027% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.325 | −0.029% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.294 | −0.076% | $1.0M | $872K | 25x | as long as short |
Binance XAGUSDT
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Aster XAGUSDT
Lighter RH XAG
Extended XAG-USD
Gate XAG_USDT
Injective XAG/USDC PERP
MEXC SILVER_USDT
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
edgeX XAGUSDC
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Lighter XAG
Bitget XAGUSDT
BloFin XAG-USDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD