Funding you earn now, next payment 23:00 UTC−0.0069%/8h= −7.5% APRpaid last 24h −0.019%
Price spread now: Injective against GRVT+0.255%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Injective is 0.255% dearer against GRVT than usual: you sell high and buy low (spread +0.255% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XAG_USDT_Perp | 66.231 | 0.0102 | pay 0.0051% / 4h | 1h 20m | $390K | $1.5M | 25x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 20m 14s | $11K | $94K | 52x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14.42
- Price spread: +0.255% → 0.000%
- $25.52
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $2.08
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 3 min ago; Injective: 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, 3 min ago | 0.75 bp | 6.6 bp −$7 | 7.2 bp −$72 | 43.6 bp −$4,362 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0272% | 1h | 66.203 | −0.042% | $766K | $569K | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.175 | −0.084% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.240 | +0.014% | $25.6M | $33.3M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.241 | +0.015% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.230 | −0.001% | $146.3M | $173.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.250 | +0.029% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.260 | +0.044% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.250 | +0.029% | $1.5M | $248K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.169 | −0.093% | $120K | — | 250x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.220 | −0.017% | $144K | $2.8M | 20x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 66.219 | −0.017% | $4.7M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.167 | −0.097% | $5.5M | $12.4M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +0.255% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 66.180 | −0.077% | $792K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.675 | +0.670% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.198 | −0.050% | $164.9M | $88.3M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.203 | −0.042% | $3.9M | $694K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.165 | −0.100% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.130 | −0.152% | $5.7M | $9.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0051% | 4h | 66.243 | +0.018% | $2.8M | $1.0M | 100x | as long as short |
| Kalshi KXSILVERPERP | +0.0057% | 24h | 66.185 | −0.069% | $583K | $21.3M | 8.1x | as long as short |
| Bitget XAGUSDT | +0.0058% | 4h | 66.240 | +0.014% | $23.8M | $47.7M | 100x | as long as short |
| Variational Omni XAG | +0.0064% | 4h | 66.237 | +0.009% | $5.5M | $10.5M | — | as long as short |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 66.197 | −0.051% | $35K | $21K | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.167 | −0.097% | $56K | $26K | 25x | as long as short |
| BloFin XAG-USDT | +0.0075% | 4h | 66.250 | +0.029% | $2.6M | $847K | 100x | as long as short |
| edgeX XAGUSDC | +0.0077% | 4h | 66.226 | −0.007% | $672K | $314K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0078% | 4h | 66.230 | −0.001% | $118.1M | $181.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0079% | 4h | 66.231 | 0.000% | $189.7M | $727.8M | 100x | as long as short |
| Aevo XAG-PERP | +0.0088% | 1h | 66.229 | −0.003% | $48K | — | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.179 | −0.078% | $473K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.210 | −0.032% | $24.3M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.170 | −0.092% | $113K | $26K | 50x | as long as short |
| GRVT XAG_USDT_Perplong | +0.0102% | 4h | 66.231 | long leg | $390K | $1.5M | 25x | |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.190 | −0.062% | $1.9M | $859K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0117% | 8h | 66.223 | −0.012% | $30K | $1K | 5x | as long as short |
| Aftermath Perps XAGUSD | +0.0125% | 1h | 66.192 | −0.058% | $80K | $40K | 10x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.218 | −0.019% | $5.1M | $11.0M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0136% | 1h | 66.196 | −0.053% | $20K | $22K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0168% | 8h | 66.250 | +0.029% | $27.3M | $66.3M | 50x | as long as short |
| Nado XAG-PERP | +0.0220% | 1h | 66.184 | −0.071% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0266% | 1h | 66.234 | +0.005% | $44K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0302% / S −0.0300% | 1h | 66.235 | +0.006% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0354% | 1h | 66.220 | −0.017% | $51K | $359K | 20x | as long as short |
GRVT XAG_USDT_Perp
Injective XAG/USDC PERP
Kraken Futures PF_XAGUSD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
StandX XAG-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Aster XAGUSDT
Kalshi KXSILVERPERP
Bitget XAGUSDT
Variational Omni XAG
Phoenix SILVER
BloFin XAG-USDT
edgeX XAGUSDC
MEXC SILVER_USDT
Binance XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Paradex XAG-USD-PERP
Aftermath Perps XAGUSD
Lighter XAG
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL