Funding you earn now, next payment 02:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h −0.049%
Price spread now: BloFin against Deribit+0.075%477s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.280% of the position
Funding, last 4 days (all we have)−0.207%−$21 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.075%, 7d avg +0.020%
=The price spread pays, funding is against you. BloFin is 0.055% dearer against Deribit than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.020%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 4 days (−0.207% in total) that is about 24 hours. The two prices were read 477 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 | Deribit SILVER_USDC-PERPETUAL | 66.520 | 0.0502 | pay 0.0063% / 1h | 40m 59s | $50K | $325K | 20x |
| Short | BloFin XAG-USDT | 66.570 | 0.0103 | get 0.0052% / 4h | 2h 40m | $2.6M | $624K | 100x |
Deribit SILVER_USDC-PERPETUAL
BloFin XAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$83.8
- Price spread: +0.075% → +0.020%
- $5.49
- Slippage, 4 orders
- −$8.95
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$106.26
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 28 min ago; BloFin: live order book, 12 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 Deribit live order book, 28 min ago | 0.75 bp | 4.3 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 0.75 bp | 6.8 bp −$7 | 8.1 bp −$81 | 11.6 bp −$1,161 | 20.5 bp −$10.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0032% | 1h | 66.441 | −0.119% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.423 | −0.146% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.510 | −0.015% | $154.5M | $161.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.500 | −0.030% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.520 | 0.000% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.530 | +0.015% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.439 | −0.121% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.501 | −0.029% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.452 | −0.103% | $5.4M | $12.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.180% | $11K | $94K | 52x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
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 | 66.560 | +0.060% | $801K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.924 | +0.607% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.413 | −0.161% | $56K | $26K | 25x | as long as short |
| Ondo Perps XAG-USD.P | +0.0049% | 1h | 66.370 | −0.225% | $5.7M | $9.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.456 | −0.096% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.450 | −0.105% | $3K | $5K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.490 | −0.045% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.438 | −0.123% | $574K | $23.1M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0065% | 4h | 66.540 | +0.030% | $26.4M | $35.9M | 150x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.485 | −0.053% | $1.2M | $4.3M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0096% | 1h | 66.490 | −0.045% | $166.0M | $79.4M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.418 | −0.153% | $473K | $610K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.480 | −0.060% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.490 | −0.045% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDTshort | +0.0103% | 4h | 66.570 | +0.075% | $2.6M | $624K | 100x | |
| Aster XAGUSDT | +0.0113% | 4h | 66.520 | 0.000% | $2.8M | $971K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0122% | 8h | 66.463 | −0.085% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0129% | 4h | 66.505 | −0.023% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 66.507 | −0.020% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0146% | 4h | 66.520 | 0.000% | $108.2M | $156.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0148% | 4h | 66.527 | +0.010% | $193.1M | $708.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0153% | 4h | 66.569 | +0.073% | $676K | $313K | 30x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.517 | −0.004% | $5.4M | $10.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | 0.000% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 66.540 | +0.030% | $28.1M | $66.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0220% | 4h | 66.520 | 0.000% | $24.4M | $45.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0223% | 1h | 66.470 | −0.076% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0223% | 1h | 66.432 | −0.132% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0238% | 4h | 66.591 | +0.106% | $395K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0280% | 1h | 66.430 | −0.136% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0281% | 1h | 66.500 | −0.030% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.485 | −0.053% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0462% | 1h | 66.466 | −0.081% | $766K | $491K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0502% | 1h | 66.520 | long leg | $50K | $325K | 20x |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Ondo Perps XAG-USD.P
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Bybit XAGUSDT
RISEx XAG/USDC
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Lighter XAG
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Nado XAG-PERP
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD