Funding you earn now, next payment 02:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.068%
Price spread now: GRVT against Deribit+0.062%7-day average +0.032% · 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−$26as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.062%, 7d avg +0.032%
=Together, before fees−0.128%+ Points / potential airdropGRVT: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.030% dearer against Deribit than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.032%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.092% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.092% in total (about -9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SILVER_USDC-PERPETUAL | 66.560 | 0.0502 | pay 0.0063% / 1h | 46m 37s | $50K | $331K | 20x |
| Short | GRVT XAG_USDT_Perp | 66.601 | 0.0224 | get 0.0112% / 4h | 2h 46m | $398K | $1.5M | 25x |
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$58.33
- Price spread: +0.062% → +0.032%
- $3.01
- Slippage, 4 orders
- −$13.21
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$84.54
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 22 min ago; GRVT: live order book, 2 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, 22 min ago | 0.75 bp | 4.3 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.75 bp | 8.1 bp −$8 | 8.2 bp −$82 | 38.3 bp −$3,830 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0032% | 1h | 66.478 | −0.123% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.486 | −0.111% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.570 | +0.015% | $154.8M | $161.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.530 | −0.045% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.570 | +0.015% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.580 | +0.030% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.479 | −0.121% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.548 | −0.019% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.489 | −0.107% | $5.4M | $12.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.240% | $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 | 66.590 | +0.045% | $801K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.966 | +0.610% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.496 | −0.096% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.491 | −0.104% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.491 | −0.104% | $3K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.450 | −0.165% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.520 | −0.060% | $115K | $2.7M | 20x | as long as short |
| Bybit XAGUSDT | +0.0056% | 4h | 66.570 | +0.015% | $26.4M | $36.0M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.503 | −0.086% | $566K | $23.0M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.568 | +0.013% | $1.3M | $4.3M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.490 | −0.105% | $473K | $610K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.520 | −0.060% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.550 | −0.015% | $127K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.015% | $2.6M | $624K | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0104% | 1h | 66.533 | −0.041% | $166.1M | $79.2M | 25x | as long as short |
| Aster XAGUSDT | +0.0112% | 4h | 66.560 | 0.000% | $2.8M | $1.0M | 100x | as long as short |
| Variational Omni XAG | +0.0120% | 4h | 66.595 | +0.052% | $5.6M | $9.7M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0121% | 8h | 66.559 | −0.002% | $30K | $1K | 5x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 66.546 | −0.021% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0140% | 4h | 66.550 | −0.015% | $108.5M | $156.6M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0141% | 4h | 66.584 | +0.037% | $676K | $315K | 30x | as long as short |
| Binance XAGUSDT | +0.0144% | 4h | 66.560 | 0.000% | $193.0M | $712.2M | 100x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.525 | −0.052% | $5.4M | $10.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.550 | −0.015% | $1.9M | $966K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0195% | 8h | 66.550 | −0.015% | $28.1M | $66.3M | 50x | as long as short |
| Bitget XAGUSDT | +0.0216% | 4h | 66.560 | 0.000% | $24.4M | $46.2M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 66.515 | −0.068% | $80K | $39K | 10x | as long as short |
| Nado XAG-PERP | +0.0220% | 1h | 66.467 | −0.140% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perpshort | +0.0224% | 4h | 66.601 | +0.062% | $398K | $1.5M | 25x | |
| Hibachi XAG/USDT-P | +0.0280% | 1h | 66.528 | −0.048% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0285% | 1h | 66.542 | −0.027% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.555 | −0.008% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0461% | 1h | 66.510 | −0.075% | $767K | $546K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0502% | 1h | 66.560 | long leg | $50K | $331K | 20x |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Bybit XAGUSDT
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
tradeXYZ xyz:SILVER
Aster XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Aevo XAG-PERP
MEXC SILVER_USDT
edgeX XAGUSDC
Binance XAGUSDT
Lighter XAG
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Nado XAG-PERP
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD