Funding you earn now, next payment 02:00 UTC−0.0410%/8h= −44.9% APRnext payment −$0.51 per $10,000 · paid last 24h −0.068%
Price spread now: tradeXYZ against Deribit−0.003%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 4 days (all we have)−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now −0.003%, 7d avg −0.051%
=Together, before fees−0.172%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.048% dearer against Deribit than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.051%): +$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 9 hours. At the pace of the last 4 days (−0.091% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.091% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. 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 | 66.340 | 0.0504 | pay 0.0063% / 1h | 36m 37s | $50K | $325K | 20x |
| Short | tradeXYZ xyz:SILVER | 66.338 | 0.0094 | get 0.0012% / 1h | 36m 37s | $165.6M | $76.0M | 25x |
Deribit SILVER_USDC-PERPETUAL
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$86.18
- Price spread: −0.003% → −0.051%
- $4.82
- Slippage, 4 orders
- −$8.85
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$115.22
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 32 min ago; tradeXYZ: live order book, 13 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, 32 min ago | 0.75 bp | 4.3 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 0.38 bp | 9.7 bp −$10 | 10.6 bp −$106 | doesn't fit | 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 | 66.294 | −0.069% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.400 | +0.090% | $153.4M | $162.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.360 | +0.030% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.410 | +0.106% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.370 | +0.045% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.278 | −0.093% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.348 | +0.011% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.323 | −0.026% | $5.4M | $12.3M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.090% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.420 | +0.121% | $799K | $2.9M | 40x | as long as short |
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 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 | 66.810 | +0.708% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.413 | +0.110% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.314 | −0.039% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.275 | −0.098% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.280 | −0.090% | $5.7M | $9.5M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.400 | +0.090% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.336 | −0.006% | $562K | $23.2M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.403 | +0.095% | $1.2M | $4.3M | 20x | as long as short |
| Bybit XAGUSDT | +0.0088% | 4h | 66.420 | +0.121% | $26.4M | $35.9M | 150x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0094% | 1h | 66.338 | −0.003% | $165.6M | $76.0M | 25x | |
| Pacifica XAG | +0.0100% | 1h | 66.342 | +0.003% | $472K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.350 | +0.015% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.470 | +0.196% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.347% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0114% | 4h | 66.360 | +0.030% | $2.7M | $967K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0123% | 8h | 66.374 | +0.052% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0129% | 4h | 66.505 | +0.248% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0144% | 1h | 66.333 | −0.010% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0152% | 4h | 66.390 | +0.075% | $102.2M | $158.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0154% | 4h | 66.395 | +0.083% | $192.6M | $708.3M | 100x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.386 | +0.069% | $5.3M | $10.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0166% | 4h | 66.514 | +0.262% | $675K | $314K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | +0.271% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0198% | 8h | 66.400 | +0.090% | $28.0M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0221% | 1h | 66.427 | +0.132% | $80K | $38K | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0224% | 1h | 66.368 | +0.042% | $35K | $21K | 20x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.390 | +0.075% | $24.0M | $46.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0229% | 1h | 66.324 | −0.024% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0242% | 4h | 66.526 | +0.280% | $391K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 66.473 | +0.200% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0278% | 1h | 66.353 | +0.020% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.345 | +0.008% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0463% | 1h | 66.308 | −0.048% | $765K | $471K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0504% | 1h | 66.340 | long leg | $50K | $325K | 20x |
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Lighter XAG
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hotstuff SILVER-PERP
Bitget XAGUSDT
Nado XAG-PERP
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD