Funding you earn now, next payment 00:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.060%
Price spread now: Hibachi against GRVT−0.087%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.087% cheaper against GRVT than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day). The two prices were read 65 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 | GRVT XAG_USDT_Perp | 66.640 | 0.0180 | pay 0.0090% / 4h | 15m 48s | $392K | $1.5M | 25x |
| Short | Hibachi XAG/USDT-P | 66.582 | 0.0288 | get 0.0036% / 1h | 15m 48s | $20K | $22K | 10x |
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against GRVT. 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
- $22.68
- Price spread: −0.087% → 0.000%
- −$8.74
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$4.06
- Costs to cover
- 0.180%
- Break-even
- 8.3 days
Slippage unknown: GRVT: live order book, 2 min ago; Hibachi: no order-book sample. Net counts fees only.
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 GRVT live order book, 2 min ago | 0.75 bp | 7.7 bp −$8 | 8.2 bp −$82 | 38.7 bp −$3,874 | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 66.560 | −0.120% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.630 | −0.015% | $26.5M | $34.7M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.630 | −0.015% | $156.1M | $174.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.610 | −0.045% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.640 | 0.000% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.600 | −0.060% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.552 | −0.133% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.598 | −0.064% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.555 | −0.127% | $5.5M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.360% | $11K | $94K | 52x | 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
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 66.531 | −0.164% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.580 | −0.090% | $797K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.063 | +0.635% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.583 | −0.086% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.542 | −0.147% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.530 | −0.165% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.577 | −0.095% | $581K | $21.4M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.610 | −0.045% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 66.580 | −0.090% | $166.0M | $87.0M | 25x | as long as short |
| BloFin XAG-USDT | +0.0084% | 4h | 66.630 | −0.015% | $2.6M | $652K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.570 | −0.105% | $481K | $618K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.580 | −0.090% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.570 | −0.105% | $127K | $26K | 50x | as long as short |
| Variational Omni XAG | +0.0103% | 4h | 66.615 | −0.037% | $5.6M | $10.1M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0105% | 8h | 66.610 | −0.045% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0115% | 4h | 66.625 | −0.022% | $2.8M | $1.1M | 100x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.599 | −0.061% | $5.2M | $10.4M | 25x | as long as short |
| Binance XAGUSDT | +0.0123% | 4h | 66.610 | −0.045% | $192.8M | $725.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0124% | 4h | 66.610 | −0.045% | $115.2M | $153.4M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 66.609 | −0.047% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0133% | 4h | 66.541 | −0.148% | $675K | $315K | 30x | as long as short |
| Hotstuff SILVER-PERP | +0.0152% | 1h | 66.591 | −0.074% | $35K | $21K | 20x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 66.630 | −0.015% | $24.4M | $48.2M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.640 | 0.000% | $1.9M | $852K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0169% | 1h | 66.546 | −0.142% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perplong | +0.0180% | 4h | 66.640 | long leg | $392K | $1.5M | 25x | |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 66.610 | −0.045% | $28.0M | $66.8M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.627 | −0.019% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0251% | 1h | 66.622 | −0.027% | $45K | $75K | 10x | as long as short |
| Nado XAG-PERP | +0.0253% | 1h | 66.574 | −0.099% | $1.3M | $6.6M | 10x | as long as short |
| Hibachi XAG/USDT-Pshort | +0.0288% | 1h | 66.582 | −0.087% | $20K | $22K | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.615 | −0.038% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0351% | 1h | 66.590 | −0.075% | $50K | $351K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0595% | 1h | 66.581 | −0.089% | $764K | $588K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
BloFin XAG-USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
Lighter XAG
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
edgeX XAGUSDC
Hotstuff SILVER-PERP
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD