Funding you earn now, next payment 04:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.015%
Price spread now: Lighter against Coinbase International+0.168%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.168%, 7d avg +0.011%
=Together, before fees−0.301%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.157% dearer against Coinbase International than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.011%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.056% in total) that is about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 65.950 | 0.0208 | pay 0.0026% / 1h | 22m 28s | $1.8M | $1.0M | 20x |
| Short | Lighter XAG | 66.061 | 0.0096 | get 0.0012% / 1h | 22m 28s | $5.2M | $10.7M | 25x |
Coinbase International SILVER-PERP-INTX
Lighter XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$23.52
- Price spread: +0.168% → +0.011%
- $15.68
- Slippage, 4 orders
- −$3.66
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.5
- Costs to cover
- 0.137%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 1 min ago; Lighter: live order book, 6 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, 1 min ago | 0.76 bp | 7.3 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.26 bp | 0.3 bp $0 | 0.8 bp −$8 | 5.6 bp −$561 | 19.7 bp −$9,854 |
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 | −0.0056% | 1h | 65.950 | 0.000% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | +0.058% | $15K | — | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.060 | +0.167% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.060 | +0.167% | $1.0M | $957K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.182% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.020 | +0.106% | $120K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0006% | 4h | 66.090 | +0.212% | $149.9M | $163.8M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.059 | +0.165% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.011 | +0.093% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.682% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
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 | 66.060 | +0.167% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.497 | +0.829% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.037 | +0.132% | $166.5M | $73.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.036 | +0.130% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.002 | +0.079% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 66.052 | +0.154% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.040 | +0.136% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.963 | +0.020% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.006 | +0.085% | $517K | $26.1M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.066 | +0.175% | $1.3M | $4.9M | 20x | as long as short |
| Lighter XAGshort | +0.0096% | 1h | 66.061 | +0.168% | $5.2M | $10.7M | 25x | |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 66.041 | +0.138% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.016 | +0.100% | $470K | $608K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.040 | +0.136% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.980 | +0.045% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDT | +0.0124% | 4h | 66.100 | +0.227% | $27.8M | $36.6M | 150x | as long as short |
| Aster XAGUSDT | +0.0129% | 4h | 66.070 | +0.182% | $2.7M | $866K | 100x | as long as short |
| BloFin XAG-USDT | +0.0160% | 4h | 66.040 | +0.136% | $2.6M | $563K | 100x | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.064 | +0.173% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0170% | 1h | 66.026 | +0.116% | $1.4M | $5.8M | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.013 | +0.095% | $5.6M | $9.4M | — | as long as short |
| Binance XAGUSDT | +0.0184% | 4h | 66.081 | +0.199% | $191.2M | $702.2M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0186% | 4h | 66.070 | +0.182% | $114.7M | $152.6M | 1000x | as long as short |
| Aftermath Perps XAGUSD | +0.0189% | 1h | 65.974 | +0.037% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0196% | 4h | 66.015 | +0.098% | $670K | $310K | 30x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.050 | +0.152% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0206% | 4h | 66.026 | +0.116% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0208% | 1h | 65.950 | long leg | $1.8M | $1.0M | 20x | |
| OKX XAG-USDT-SWAP | +0.0226% | 8h | 66.080 | +0.197% | $27.7M | $64.6M | 50x | as long as short |
| Bullet SILVER-USD | +0.0226% | 1h | 66.080 | +0.198% | $45K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0230% | 4h | 66.080 | +0.197% | $24.0M | $45.2M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 65.970 | +0.030% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.085 | +0.205% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.024 | +0.112% | $911K | $683K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Aster XAGUSDT
BloFin XAG-USDT
Aevo XAG-PERP
Nado XAG-PERP
Variational Omni XAG
Binance XAGUSDT
MEXC SILVER_USDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD