Funding you earn now, next payment 00:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.047%
Price spread now: Injective against Coinbase International−0.270%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.251%−$25 on $10k
+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 −$5 a day on $10k at the current rate, and Injective is 0.270% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 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 | Coinbase International SILVER-PERP-INTX | 66.580 | 0.0184 | pay 0.0023% / 1h | 36m 27s | $1.9M | $929K | 20x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 36m 27s | $11K | $94K | 52x |
Coinbase International SILVER-PERP-INTX
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$31.64
- Price spread: −0.270% → 0.000%
- −$27.04
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$68.7
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 2 min ago; Injective: 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 Coinbase International live order book, 2 min ago | 2.25 bp | 7.3 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.544 | −0.053% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.650 | +0.105% | $26.1M | $35.3M | 150x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.563 | −0.026% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.640 | +0.090% | $155.2M | $167.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.610 | +0.045% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.630 | +0.075% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.660 | +0.120% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.566 | −0.021% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.593 | +0.020% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.551 | −0.043% | $5.4M | $12.4M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | −0.270% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 66.600 | +0.030% | $801K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.055 | +0.713% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.568 | −0.018% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.595 | +0.023% | $165.6M | $85.4M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.598 | +0.027% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.537 | −0.065% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.510 | −0.105% | $5.7M | $9.7M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.600 | +0.030% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.563 | −0.026% | $567K | $21.5M | 8.1x | as long as short |
| GRVT XAG_USDT_Perp | +0.0070% | 4h | 66.618 | +0.057% | $392K | $1.5M | 25x | as long as short |
| Aster XAGUSDT | +0.0087% | 4h | 66.581 | +0.002% | $2.8M | $1.1M | 100x | as long as short |
| Variational Omni XAG | +0.0089% | 4h | 66.605 | +0.037% | $5.6M | $9.9M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0089% | 8h | 66.612 | +0.049% | $30K | $1K | 5x | as long as short |
| Lighter XAG | +0.0096% | 1h | 66.598 | +0.027% | $5.4M | $10.5M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0096% | 4h | 66.620 | +0.060% | $108.0M | $160.0M | 1000x | as long as short |
| Binance XAGUSDT | +0.0098% | 4h | 66.640 | +0.090% | $192.4M | $723.3M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.565 | −0.023% | $475K | $626K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.580 | 0.000% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.560 | −0.030% | $127K | $26K | 50x | as long as short |
| edgeX XAGUSDC | +0.0100% | 4h | 66.608 | +0.043% | $676K | $314K | 30x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.593 | +0.020% | $48K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0110% | 4h | 66.630 | +0.075% | $2.6M | $704K | 100x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.626 | +0.070% | $1.3M | $4.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 66.569 | −0.016% | $1.3M | $6.5M | 10x | as long as short |
| Bitget XAGUSDT | +0.0164% | 4h | 66.640 | +0.090% | $24.6M | $48.1M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0184% | 1h | 66.580 | long leg | $1.9M | $929K | 20x | |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.640 | +0.090% | $28.1M | $66.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0188% | 1h | 66.596 | +0.023% | $80K | $39K | 10x | as long as short |
| Bullet SILVER-USD | +0.0208% | 1h | 66.636 | +0.084% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0240% | 1h | 66.563 | −0.026% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.635 | +0.083% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0351% | 1h | 66.590 | +0.015% | $50K | $335K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0488% | 1h | 66.570 | −0.015% | $765K | $567K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
GRVT XAG_USDT_Perp
Aster XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Lighter XAG
MEXC SILVER_USDT
Binance XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
edgeX XAGUSDC
Aevo XAG-PERP
BloFin XAG-USDT
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD