Funding you earn now, next payment 11:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.074%
Price spread now: Deribit against Injective+1.607%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 1.607% dearer against Injective than usual: you sell high and buy low: +$161 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | Injective XAG/USDC PERP | 64.602 | 0.0033 | pay 0.0004% / 1h | 28m 07s | $11K | $240 | 52x |
| Short | Deribit SILVER_USDC-PERPETUAL | 65.640 | 0.0207 | get 0.0026% / 1h | 28m 07s | $77K | $414K | 20x |
Injective XAG/USDC PERP
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $36.52
- Price spread: +1.607% → 0.000%
- $160.68
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $190.18
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 19 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 19 min ago | 0.76 bp | 8.8 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −3.2000% | 1h | 65.632 | +1.594% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.586 | +1.523% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.670 | +1.653% | $138.3M | $205.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.670 | +1.653% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.680 | +1.669% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.680 | +1.669% | $1.5M | $255K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.603 | +1.549% | $119K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0028% | 1h | 65.580 | +1.514% | $5.6M | $11.1M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.653 | +1.627% | $4.5M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.601 | +1.547% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 64.602 | long leg | $11K | $240 | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 65.670 | +1.653% | $790K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.088 | +2.300% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.630 | +1.591% | $3.8M | $907K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.602 | +1.548% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.650 | +1.622% | $447K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.648 | +1.619% | $29K | — | 5x | as long as short |
| Variational Omni XAG | +0.0067% | 4h | 65.630 | +1.591% | $5.7M | $9.1M | — | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 65.623 | +1.580% | $175.4M | $95.0M | 25x | as long as short |
| Bybit XAGUSDT | +0.0080% | 4h | 65.680 | +1.669% | $30.5M | $48.3M | 150x | as long as short |
| Aster XAGUSDT | +0.0089% | 4h | 65.640 | +1.607% | $2.7M | $1.2M | 100x | as long as short |
| Binance XAGUSDT | +0.0092% | 4h | 65.665 | +1.646% | $191.6M | $865.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0092% | 4h | 65.650 | +1.622% | $118.6M | $164.6M | 1000x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.612 | +1.564% | $464K | $559K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.630 | +1.591% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.580 | +1.514% | $112K | $19K | 50x | as long as short |
| Kalshi KXSILVERPERP | +0.0102% | 24h | 65.667 | +1.649% | $797K | $39.0M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.651 | +1.623% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.620 | +1.576% | $1.6M | $1.9M | 20x | as long as short |
| edgeX XAGUSDC | +0.0107% | 4h | 65.625 | +1.584% | $669K | $315K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0108% | 4h | 65.649 | +1.621% | $386K | $1.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.664 | +1.643% | $1.3M | $5.2M | 20x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.611 | +1.562% | $55K | $14K | 25x | as long as short |
| Lighter XAG | +0.0136% | 1h | 65.663 | +1.643% | $5.1M | $11.7M | 25x | as long as short |
| Nado XAG-PERP | +0.0137% | 1h | 65.622 | +1.579% | $1.2M | $3.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 65.660 | +1.638% | $28.1M | $85.8M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0207% | 1h | 65.640 | +1.607% | $77K | $414K | 20x | |
| Bullet SILVER-USD | +0.0216% | 1h | 65.674 | +1.659% | $45K | $73K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0221% | 1h | 65.633 | +1.596% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 65.660 | +1.638% | $23.2M | $53.0M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.617 | +1.571% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0274% / S −0.0243% | 1h | 65.685 | +1.676% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0333% | 4h | 65.670 | +1.653% | $2.7M | $764K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0547% | 1h | 65.643 | +1.611% | $1.0M | $952K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Variational Omni XAG
tradeXYZ xyz:SILVER
Bybit XAGUSDT
Aster XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Kalshi KXSILVERPERP
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
GRVT XAG_USDT_Perp
RISEx XAG/USDC
Phoenix SILVER
Lighter XAG
Nado XAG-PERP
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD