Funding you earn now, next payment 01:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.056%
Price spread now: MEXC against Deribit0.000%7-day average −0.019% · 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−$10as in the Price arb table
costs, in and out, $10k−$110.115% of the position
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.048%−$5 · spread now 0.000%, 7d avg −0.019%
=The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
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 -9.1% 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 | 66.520 | 0.0352 | pay 0.0044% / 1h | 26m 08s | $50K | $336K | 20x |
| Short | MEXC SILVER_USDT | 66.520 | 0.0098 | get 0.0049% / 4h | 3h 26m | $108.7M | $160.3M | 1000x |
Deribit SILVER_USDC-PERPETUAL
MEXC SILVER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$53.27
- Price spread: 0.000% → −0.019%
- $1.9
- Slippage, 4 orders
- −$4.49
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$62.86
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 47 min ago; MEXC: 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 Deribit live order book, 47 min ago | 0.75 bp | 5.7 bp −$6 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.75 bp | 0.8 bp −$1 | 0.8 bp −$8 | 0.8 bp −$75 | 2.7 bp −$1,336 |
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 | 66.490 | −0.046% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.540 | +0.030% | $25.9M | $35.4M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.530 | +0.015% | $155.0M | $168.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.530 | +0.015% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.570 | +0.075% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.550 | +0.045% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.468 | −0.078% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 66.482 | −0.057% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.511 | −0.013% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.461 | −0.089% | $5.4M | $12.4M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
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 PERP | +0.0033% | 1h | 66.400 | −0.180% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.550 | +0.045% | $801K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.954 | +0.652% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.492 | −0.042% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.483 | −0.056% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.462 | −0.087% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.440 | −0.120% | $5.7M | $9.7M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.510 | −0.015% | $115K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 66.482 | −0.057% | $165.4M | $85.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.464 | −0.084% | $562K | $21.5M | 8.1x | as long as short |
| BloFin XAG-USDT | +0.0064% | 4h | 66.590 | +0.105% | $2.6M | $703K | 100x | as long as short |
| Aster XAGUSDT | +0.0085% | 4h | 66.518 | −0.004% | $2.8M | $1.1M | 100x | as long as short |
| Variational Omni XAG | +0.0089% | 4h | 66.514 | −0.009% | $5.6M | $9.9M | — | as long as short |
| MEXC SILVER_USDTshort | +0.0098% | 4h | 66.520 | 0.000% | $108.7M | $160.3M | 1000x | |
| Paradex XAG-USD-PERP | +0.0099% | 8h | 66.514 | −0.010% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0099% | 4h | 66.535 | +0.022% | $675K | $313K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.476 | −0.067% | $474K | $623K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.490 | −0.045% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.500 | −0.030% | $126K | $24K | 50x | as long as short |
| Binance XAGUSDT | +0.0101% | 4h | 66.537 | +0.025% | $192.4M | $722.0M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0104% | 4h | 66.559 | +0.058% | $394K | $1.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.513 | −0.011% | $48K | — | 10x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.525 | +0.008% | $5.4M | $10.5M | 25x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.520 | 0.000% | $1.3M | $4.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0167% | 1h | 66.463 | −0.085% | $1.3M | $6.5M | 10x | as long as short |
| Bitget XAGUSDT | +0.0172% | 4h | 66.540 | +0.030% | $24.5M | $48.0M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.580 | +0.090% | $1.9M | $929K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0191% | 8h | 66.540 | +0.030% | $27.9M | $67.3M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0195% | 1h | 66.501 | −0.028% | $80K | $39K | 10x | as long as short |
| Bullet SILVER-USD | +0.0225% | 1h | 66.528 | +0.012% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 66.483 | −0.056% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.535 | +0.023% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0352% | 1h | 66.520 | long leg | $50K | $336K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0489% | 1h | 66.489 | −0.047% | $764K | $565K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
BloFin XAG-USDT
Aster XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
GRVT XAG_USDT_Perp
Aevo XAG-PERP
Lighter XAG
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD