Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.008%
Price spread now: Coinbase International against Bullet−0.164%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.164% cheaper against Bullet than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SILVER-USD | 66.059 | 0.0228 | pay 0.0028% / 1h | 23m 16s | $45K | $76K | 10x |
| Short | Coinbase International SILVER-PERP-INTX | 65.950 | 0.0208 | get 0.0026% / 1h | 23m 16s | $1.8M | $1.0M | 20x |
Bullet SILVER-USD
Coinbase International SILVER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bullet. 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
- −$4.17
- Price spread: −0.164% → 0.000%
- −$16.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.6
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Coinbase International: live order book, 5 min ago. 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 0.76 bp | 5.8 bp −$6 | 7.8 bp −$78 | doesn't fit | doesn't fit |
Bullet: 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 | 65.920 | −0.210% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.106% | $15K | — | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.060 | +0.002% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.060 | +0.002% | $1.0M | $957K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.017% | $1.5M | $320K | 100x | as long as short |
| Gate XAG_USDT | +0.0002% | 4h | 66.070 | +0.017% | $149.9M | $163.8M | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.002 | −0.086% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.050 | −0.014% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.000 | −0.088% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.517% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Gate XAG_USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.020 | −0.058% | $794K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.471 | +0.624% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.018 | −0.061% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.002 | −0.086% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 66.018 | −0.061% | $166.5M | $73.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 66.030 | −0.043% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.030 | −0.043% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.963 | −0.145% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.006 | −0.080% | $517K | $26.1M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0080% | 1h | 65.992 | −0.101% | $35K | $21K | 20x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.054 | −0.007% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.988 | −0.107% | $470K | $608K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.020 | −0.058% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.980 | −0.119% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.052 | −0.009% | $5.2M | $10.7M | 25x | as long as short |
| Aster XAGUSDT | +0.0130% | 4h | 66.050 | −0.013% | $2.7M | $866K | 100x | as long as short |
| Bybit XAGUSDT | +0.0132% | 4h | 66.080 | +0.032% | $27.8M | $36.6M | 150x | as long as short |
| BloFin XAG-USDT | +0.0160% | 4h | 66.040 | −0.028% | $2.6M | $563K | 100x | as long as short |
| Nado XAG-PERP | +0.0171% | 1h | 66.011 | −0.072% | $1.4M | $5.8M | 10x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.040 | −0.028% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.013 | −0.069% | $5.6M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0186% | 4h | 66.050 | −0.013% | $114.7M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0187% | 4h | 66.068 | +0.015% | $191.2M | $701.6M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0192% | 1h | 65.982 | −0.116% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0196% | 4h | 66.015 | −0.067% | $670K | $310K | 30x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.050 | −0.013% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0206% | 4h | 66.026 | −0.049% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTXshort | +0.0208% | 1h | 65.950 | −0.164% | $1.8M | $1.0M | 20x | |
| OKX XAG-USDT-SWAP | +0.0226% | 8h | 66.050 | −0.013% | $27.7M | $64.5M | 50x | as long as short |
| Bullet SILVER-USDlong | +0.0228% | 1h | 66.059 | long leg | $45K | $76K | 10x | |
| Bitget XAGUSDT | +0.0230% | 4h | 66.050 | −0.013% | $23.9M | $45.2M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 65.970 | −0.134% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.065 | +0.010% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.024 | −0.053% | $911K | $683K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aster XAGUSDT
Bybit XAGUSDT
BloFin XAG-USDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD