Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.044%
Price spread now: Lighter RH against Coinbase International+0.034%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.034%, 7d avg −0.001%
=Together, before fees−0.402%+ Points / potential airdropLighter RH: Points live · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.035% dearer against Coinbase International than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 64.900 | 0.0080 | pay 0.0010% / 1h | 40m 56s | $1.6M | $1.4M | 20x |
| Short | Lighter RH XAG | 64.922 | 0.0032 | get 0.0004% / 1h | 40m 56s | $4.6M | $9.7M | 25x |
Coinbase International SILVER-PERP-INTX
Lighter RH XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$10.08
- Price spread: +0.034% → −0.001%
- $3.48
- Slippage, 4 orders
- −$4.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.49
- Costs to cover
- 0.149%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago | 0.77 bp | 6.0 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.52 bp | 1.5 bp −$2 | 2.2 bp −$22 | 13.4 bp −$1,336 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 64.862 | −0.058% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.920 | +0.031% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 64.950 | +0.077% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.930 | +0.046% | $1.4M | $299K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.861 | −0.060% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0029% | 4h | 65.124 | +0.346% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAGshort | +0.0032% | 1h | 64.922 | +0.034% | $4.6M | $9.7M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 64.866 | −0.052% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.311% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 64.970 | +0.108% | $781K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 65.333 | +0.667% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.920 | +0.031% | $375K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.858 | −0.065% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.852 | −0.074% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.830 | −0.108% | $5.6M | $9.9M | 25x | as long as short |
| Binance XAGUSDT | +0.0053% | 4h | 64.911 | +0.017% | $193.0M | $767.4M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 64.930 | +0.046% | $115.1M | $157.3M | 1000x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 64.894 | −0.009% | $29K | $166 | 5x | as long as short |
| Aster XAGUSDT | +0.0062% | 4h | 64.911 | +0.018% | $2.6M | $997K | 100x | as long as short |
| Gate XAG_USDT | +0.0070% | 4h | 64.950 | +0.077% | $138.8M | $180.9M | 100x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 64.886 | −0.022% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0080% | 4h | 65.090 | +0.292% | $663K | $315K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0080% | 1h | 64.900 | long leg | $1.6M | $1.4M | 20x | |
| Kalshi KXSILVERPERP | +0.0084% | 24h | 64.905 | +0.008% | $486K | $33.8M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.059 | +0.245% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.860 | −0.062% | $462K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.890 | −0.015% | $25.1M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.990 | +0.139% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.972 | +0.111% | $55K | $31K | 25x | as long as short |
| Bybit XAGUSDT | +0.0120% | 4h | 64.960 | +0.092% | $29.3M | $41.7M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0143% | 1h | 64.894 | −0.009% | $174.0M | $86.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.941 | +0.063% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERP | +0.0167% | 1h | 64.875 | −0.039% | $1.2M | $4.3M | 10x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 64.940 | +0.062% | $23.1M | $45.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 64.940 | +0.062% | $28.6M | $72.4M | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0192% | 4h | 64.971 | +0.109% | $390K | $1.6M | 25x | as long as short |
| BloFin XAG-USDT | +0.0212% | 4h | 64.960 | +0.092% | $2.7M | $645K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0213% | 1h | 64.890 | −0.015% | $76K | $419K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 64.954 | +0.083% | $78K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.965 | +0.100% | $92K | — | 111x | as long as short |
| Lighter XAG | +0.0248% | 1h | 64.917 | +0.026% | $5.3M | $11.0M | 25x | as long as short |
| Bullet SILVER-USD | +0.0311% | 1h | 64.923 | +0.035% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0320% | 1h | 64.925 | +0.039% | $20K | $15K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0420% | 1h | 64.889 | −0.017% | $1.0M | $868K | 25x | as long as short |
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Binance XAGUSDT
MEXC SILVER_USDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Gate XAG_USDT
Aevo XAG-PERP
edgeX XAGUSDC
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
Bybit XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
GRVT XAG_USDT_Perp
BloFin XAG-USDT
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
Lighter XAG
Bullet SILVER-USD
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD