Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.037%
Price spread now: Coinbase International against Extended+0.135%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.135%, 7d avg +0.014%
=Together, before fees+0.155%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.120% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAG-USD | 65.502 | 0.0032 | pay 0.0004% / 1h | 54m 47s | $5.1M | $11.6M | 10x |
| Short | Coinbase International SILVER-PERP-INTX | 65.590 | 0.0120 | get 0.0015% / 1h | 54m 47s | $1.6M | $1.3M | 20x |
Extended XAG-USD
Coinbase International SILVER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $18.48
- Price spread: +0.135% → +0.014%
- $12.01
- Slippage, 4 orders
- −$5.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $10.03
- Costs to cover
- 0.205%
- Break-even
- 3.2 days
Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 4 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 Extended live order book, 4 min ago | 0.53 bp | 3.0 bp −$3 | 4.5 bp −$45 | 12.0 bp −$1,196 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 0.76 bp | 5.8 bp −$6 | 7.0 bp −$70 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0096% | 1h | 65.550 | +0.074% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0024% | 1h | 65.400 | −0.155% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.471 | −0.048% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.610 | +0.165% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.660 | +0.241% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | +0.135% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.527 | +0.038% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.505 | +0.004% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USDlong | +0.0032% | 1h | 65.502 | long leg | $5.1M | $11.6M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.371% | $11K | $94K | 52x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0034% | 4h | 65.540 | +0.058% | $144.0M | $176.5M | 100x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.581 | +0.121% | $56K | $31K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.610 | +0.165% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.032 | +0.809% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.575 | +0.112% | $35K | $21K | 20x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.620 | +0.180% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.492 | −0.015% | $170.7M | $82.7M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.589 | +0.133% | $3.9M | $712K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.533 | +0.048% | $3K | $6K | 20x | as long as short |
| Aster XAGUSDT | +0.0058% | 4h | 65.515 | +0.021% | $2.7M | $955K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0060% | 8h | 65.504 | +0.004% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.630 | +0.195% | $1.2M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0066% | 4h | 65.510 | +0.012% | $28.8M | $39.3M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.562 | +0.092% | $468K | $29.2M | 8.1x | as long as short |
| Nado XAG-PERP | +0.0092% | 1h | 65.582 | +0.123% | $1.2M | $5.5M | 10x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.634 | +0.201% | $5.5M | $9.4M | — | as long as short |
| Binance XAGUSDT | +0.0099% | 4h | 65.500 | −0.003% | $188.4M | $747.6M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.471 | −0.048% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.480 | −0.033% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.610 | +0.165% | $112K | $19K | 50x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 65.490 | −0.018% | $113.5M | $156.2M | 1000x | as long as short |
| Lighter XAG | +0.0104% | 1h | 65.516 | +0.021% | $5.4M | $11.2M | 25x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.585 | +0.127% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0119% | 4h | 65.591 | +0.137% | $668K | $314K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTXshort | +0.0120% | 1h | 65.590 | +0.135% | $1.6M | $1.3M | 20x | |
| GRVT XAG_USDT_Perp | +0.0148% | 4h | 65.631 | +0.197% | $395K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0181% | 1h | 65.652 | +0.229% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0196% | 4h | 65.510 | +0.012% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0202% | 8h | 65.510 | +0.012% | $27.8M | $70.4M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0208% | 1h | 65.604 | +0.156% | $79K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.580 | +0.119% | $66K | $370K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.585 | +0.127% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0342% | 4h | 65.610 | +0.165% | $2.6M | $619K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0491% | 1h | 65.563 | +0.093% | $914K | $735K | 25x | as long as short |
Gate XAG_USDT
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Kalshi KXSILVERPERP
Nado XAG-PERP
Variational Omni XAG
Binance XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
MEXC SILVER_USDT
Lighter XAG
Aevo XAG-PERP
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD