Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.037%
Price spread now: Extended against Coinbase International−0.058%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.058%, 7d avg −0.017%
=Together, before fees−0.209%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 65.290 | 0.0120 | pay 0.0015% / 1h | 4m 45s | $1.6M | $1.4M | 20x |
| Short | Extended XAG-USD | 65.252 | 0.0032 | get 0.0004% / 1h | 4m 45s | $5.1M | $11.6M | 10x |
Coinbase International SILVER-PERP-INTX
Extended XAG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$18.48
- Price spread: −0.058% → −0.017%
- −$4.03
- Slippage, 4 orders
- −$3.58
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$41.1
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 4 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 Coinbase International live order book, 4 min ago | 0.77 bp | 6.0 bp −$6 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.08 bp | 2.8 bp −$3 | 3.5 bp −$35 | 10.2 bp −$1,020 | doesn't fit |
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 | −0.0076% | 1h | 65.220 | −0.107% | $5.6M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0008% | 1h | 65.326 | +0.055% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.303 | +0.020% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.300 | +0.015% | $27.7M | $39.5M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.320 | +0.046% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.400 | +0.168% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.340 | +0.077% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.261 | −0.045% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0028% | 4h | 65.320 | +0.046% | $141.0M | $184.4M | 100x | as long as short |
| Variational Omni XAG | +0.0031% | 4h | 65.344 | +0.082% | $5.5M | $9.3M | — | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Variational Omni XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.310 | +0.031% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USDshort | +0.0032% | 1h | 65.252 | −0.058% | $5.1M | $11.6M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.700% | $11K | $94K | 52x | as long as short |
| Aster XAGUSDT | +0.0040% | 4h | 65.305 | +0.023% | $2.7M | $975K | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.360 | +0.107% | $786K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.739 | +0.688% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.310 | +0.031% | $152K | $1.4M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.292 | +0.003% | $3.8M | $854K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.256 | −0.052% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.307 | +0.025% | $29K | $1K | 5x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 65.300 | +0.015% | $117.2M | $157.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0056% | 4h | 65.300 | +0.015% | $191.3M | $762.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0058% | 4h | 65.376 | +0.131% | $665K | $312K | 30x | as long as short |
| tradeXYZ xyz:SILVER | +0.0058% | 1h | 65.263 | −0.041% | $170.1M | $82.9M | 25x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.333 | +0.065% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.287 | −0.005% | $56K | $31K | 25x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.313 | +0.036% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERP | +0.0078% | 24h | 65.290 | 0.000% | $469K | $31.2M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.266 | −0.036% | $468K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.280 | −0.015% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.340 | +0.077% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0120% | 1h | 65.290 | long leg | $1.6M | $1.4M | 20x | |
| GRVT XAG_USDT_Perp | +0.0136% | 4h | 65.371 | +0.125% | $391K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0148% | 1h | 65.282 | −0.012% | $1.2M | $5.1M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.300 | +0.015% | $5.3M | $11.6M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0160% | 1h | 65.300 | +0.015% | $20K | $19K | 10x | as long as short |
| Bitget XAGUSDT | +0.0172% | 4h | 65.300 | +0.015% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0183% | 8h | 65.300 | +0.015% | $28.0M | $70.8M | 50x | as long as short |
| Bullet SILVER-USD | +0.0203% | 1h | 65.330 | +0.061% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.300 | +0.015% | $65K | $384K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.312 | +0.033% | $78K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0222% | 4h | 65.340 | +0.077% | $2.6M | $591K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.325 | +0.054% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.304 | +0.022% | $934K | $770K | 25x | as long as short |
Lighter RH XAG
Injective XAG/USDC PERP
Aster XAGUSDT
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Phoenix SILVER
Aevo XAG-PERP
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Hibachi XAG/USDT-P
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD