Funding you earn now, next payment 11:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.047%
Price spread now: Extended against Bullet−0.206%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.206% cheaper against Bullet than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | Bullet SILVER-USD | 65.755 | 0.0209 | pay 0.0026% / 1h | 51m 31s | $45K | $74K | 10x |
| Short | Extended XAG-USD | 65.620 | 0.0032 | get 0.0004% / 1h | 51m 31s | $5.1M | $11.8M | 10x |
Bullet SILVER-USD
Extended XAG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$37.23
- Price spread: −0.206% → 0.000%
- −$20.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$70.78
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Extended: live order book, 6 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 Extended live order book, 6 min ago | 0.23 bp | 3.7 bp −$4 | 5.6 bp −$56 | 12.2 bp −$1,224 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −1.5176% | 1h | 65.532 | −0.339% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.651 | −0.158% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.700 | −0.084% | $138.6M | $204.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.750 | −0.008% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.790 | +0.053% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.750 | −0.008% | $1.5M | $251K | 100x | as long as short |
| Ondo Perps XAG-USD.P | +0.0002% | 1h | 65.580 | −0.266% | $5.7M | $11.0M | 25x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.658 | −0.148% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.662 | −0.142% | $4.5M | $9.4M | 25x | as long as short |
| Extended XAG-USDshort | +0.0032% | 1h | 65.620 | −0.206% | $5.1M | $11.8M | 10x |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Ondo Perps XAG-USD.P
gTrade (Gains Network) XAG/USD
Lighter RH XAGShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.754% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.690 | −0.099% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.115 | +0.547% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.656 | −0.151% | $3.8M | $893K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.634 | −0.184% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.670 | −0.129% | $447K | $1.4M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0052% | 1h | 65.650 | −0.160% | $174.6M | $94.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.658 | −0.148% | $29K | $166 | 5x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.678 | −0.117% | $5.7M | $9.1M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0099% | 24h | 65.716 | −0.059% | $711K | $38.6M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.617 | −0.210% | $467K | $570K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.650 | −0.160% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.670 | −0.129% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | −0.099% | $1.6M | $1.9M | 20x | as long as short |
| Aster XAGUSDT | +0.0111% | 4h | 65.680 | −0.114% | $2.7M | $1.1M | 100x | as long as short |
| Aevo XAG-PERP | +0.0112% | 1h | 65.722 | −0.050% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0113% | 4h | 65.683 | −0.110% | $191.8M | $864.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0114% | 4h | 65.660 | −0.145% | $121.9M | $162.8M | 1000x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.689 | −0.100% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.676 | −0.120% | $55K | $14K | 25x | as long as short |
| Bybit XAGUSDT | +0.0137% | 4h | 65.700 | −0.084% | $30.6M | $48.2M | 150x | as long as short |
| edgeX XAGUSDC | +0.0138% | 4h | 65.690 | −0.099% | $669K | $314K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0140% | 4h | 65.730 | −0.039% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0141% | 1h | 65.649 | −0.161% | $1.2M | $3.6M | 10x | as long as short |
| Lighter XAG | +0.0152% | 1h | 65.674 | −0.123% | $5.2M | $11.6M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.720 | −0.053% | $77K | $411K | 20x | as long as short |
| Bullet SILVER-USDlong | +0.0209% | 1h | 65.755 | long leg | $45K | $74K | 10x | |
| OKX XAG-USDT-SWAP | +0.0213% | 8h | 65.700 | −0.084% | $28.0M | $85.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0216% | 1h | 65.665 | −0.137% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0244% | 4h | 65.700 | −0.084% | $23.2M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 65.696 | −0.089% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0269% / S −0.0236% | 1h | 65.745 | −0.015% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0358% | 4h | 65.720 | −0.053% | $2.7M | $772K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0547% | 1h | 65.712 | −0.065% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Variational Omni XAG
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Aster XAGUSDT
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
RISEx XAG/USDC
Phoenix SILVER
Bybit XAGUSDT
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Deribit SILVER_USDC-PERPETUAL
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD