Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.007%
Price spread now: Bullet against Hibachi+0.065%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bullet is 0.065% dearer against Hibachi than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 66.020 | 0.0296 | pay 0.0037% / 1h | 15m 25s | $20K | $19K | 10x |
| Short | Bullet SILVER-USD | 66.063 | 0.0229 | get 0.0029% / 1h | 15m 25s | $44K | $75K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Hibachi. 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
- −$13.99
- Price spread: +0.065% → 0.000%
- $6.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$24.53
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Bullet: 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Bullet no order-book sample | — | — | — | — | — |
Hibachi and Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0058% | 1h | 65.950 | −0.106% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.048% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.090 | +0.106% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.091% | $1.0M | $949K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.076% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.994 | −0.039% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 66.024 | +0.006% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | +0.0024% | 4h | 66.070 | +0.076% | $149.8M | $164.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.044 | +0.037% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.993 | −0.040% | $5.2M | $11.5M | 10x | as long as short |
Show 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 | +0.576% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.060 | +0.061% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.479 | +0.695% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.025 | +0.008% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.989 | −0.047% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0053% | 1h | 66.028 | +0.012% | $166.3M | $74.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.042 | +0.033% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | +0.045% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.008 | −0.018% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.011 | −0.014% | $557K | $26.4M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.066 | +0.069% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.998 | −0.033% | $470K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.020 | 0.000% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.010 | −0.015% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.047 | +0.041% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0121% | 4h | 66.061 | +0.063% | $2.7M | $866K | 100x | as long as short |
| Bybit XAGUSDT | +0.0122% | 4h | 66.070 | +0.076% | $27.8M | $36.5M | 150x | as long as short |
| Variational Omni XAG | +0.0165% | 4h | 66.053 | +0.051% | $5.6M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.047 | +0.040% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0174% | 1h | 66.012 | −0.012% | $1.4M | $5.8M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0176% | 4h | 66.060 | +0.061% | $115.0M | $152.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0177% | 4h | 66.060 | +0.061% | $190.8M | $702.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.079 | +0.090% | $395K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0186% | 4h | 66.058 | +0.058% | $670K | $312K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0189% | 1h | 66.046 | +0.040% | $79K | $36K | 10x | as long as short |
| BloFin XAG-USDT | +0.0207% | 4h | 66.080 | +0.091% | $2.6M | $563K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 66.030 | +0.015% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0225% | 8h | 66.060 | +0.061% | $27.7M | $64.5M | 50x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.070 | +0.076% | $23.9M | $45.2M | 100x | as long as short |
| Bullet SILVER-USDshort | +0.0229% | 1h | 66.063 | +0.065% | $44K | $75K | 10x | |
| Hibachi XAG/USDT-Plong | +0.0296% | 1h | 66.020 | long leg | $20K | $19K | 10x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.040 | +0.030% | $75K | $363K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.065 | +0.068% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.028 | +0.012% | $911K | $683K | 25x | as long as short |
Bullet SILVER-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aster XAGUSDT
Bybit XAGUSDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
GRVT XAG_USDT_Perp
edgeX XAGUSDC
Aftermath Perps XAGUSD
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD