Funding you earn now, next payment 01:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.054%
Price spread now: Bullet against Lighter RH+0.053%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
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.053% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAG | 66.811 | 0.0032 | pay 0.0004% / 1h | 48m 40s | $4.8M | $9.5M | 25x |
| Short | Bullet SILVER-USD | 66.846 | 0.0187 | get 0.0023% / 1h | 48m 40s | $45K | $76K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Lighter RH. 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
- $32.45
- Price spread: +0.053% → 0.000%
- $5.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $29.73
- Costs to cover
- 0.080%
- Break-even
- 0.6 days
Slippage unknown: Lighter RH: live order book, 5 min ago; 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 Lighter RH live order book, 5 min ago | 0.39 bp | 3.5 bp −$4 | 4.3 bp −$43 | 21.5 bp −$2,153 | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.797 | −0.020% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.840 | +0.044% | $26.2M | $35.3M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.810 | −0.001% | $155.6M | $165.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.840 | +0.044% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.870 | +0.089% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.840 | +0.044% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.774 | −0.055% | $121K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 66.827 | +0.024% | $36K | $21K | 20x | as long as short |
| Lighter RH XAGlong | +0.0032% | 1h | 66.811 | long leg | $4.8M | $9.5M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 66.769 | −0.063% | $5.4M | $13.2M | 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 | −0.615% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.760 | −0.076% | $803K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.282 | +0.705% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.759 | −0.077% | $57K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.782 | −0.043% | $166.3M | $86.1M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.808 | −0.004% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.779 | −0.047% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.730 | −0.121% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.840 | +0.044% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.790 | −0.031% | $570K | $21.9M | 8.1x | as long as short |
| Lighter XAG | +0.0080% | 1h | 66.811 | +0.001% | $5.4M | $10.4M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0089% | 8h | 66.822 | +0.018% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0091% | 4h | 66.775 | −0.054% | $5.7M | $9.9M | — | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.771 | −0.059% | $476K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.790 | −0.031% | $24.7M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.750 | −0.091% | $127K | $26K | 50x | as long as short |
| Aster XAGUSDT | +0.0103% | 4h | 66.813 | +0.004% | $2.8M | $1.1M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.803 | −0.012% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0106% | 4h | 66.810 | −0.001% | $116.6M | $155.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0107% | 4h | 66.816 | +0.009% | $192.3M | $726.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0115% | 4h | 66.802 | −0.013% | $678K | $314K | 30x | as long as short |
| Nado XAG-PERP | +0.0128% | 1h | 66.819 | +0.012% | $1.3M | $6.5M | 10x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.861 | +0.076% | $1.3M | $4.2M | 20x | as long as short |
| Bitget XAGUSDT | +0.0164% | 4h | 66.830 | +0.029% | $24.8M | $48.6M | 100x | as long as short |
| BloFin XAG-USDT | +0.0164% | 4h | 66.830 | +0.029% | $2.6M | $692K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0175% | 1h | 66.754 | −0.085% | $80K | $40K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.780 | −0.046% | $1.9M | $967K | 20x | as long as short |
| Bullet SILVER-USDshort | +0.0187% | 1h | 66.846 | +0.053% | $45K | $76K | 10x | |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 66.820 | +0.014% | $28.2M | $67.5M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0199% | 1h | 66.820 | +0.014% | $51K | $344K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 66.779 | −0.047% | $20K | $22K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.790 | −0.031% | $397K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.825 | +0.021% | $104K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0486% | 1h | 66.812 | +0.002% | $767K | $589K | 25x | as long as short |
Lighter RH XAG
Bullet SILVER-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Phoenix SILVER
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Kalshi KXSILVERPERP
Lighter XAG
Paradex XAG-USD-PERP
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
RISEx XAG/USDC
Bitget XAGUSDT
BloFin XAG-USDT
Aftermath Perps XAGUSD
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD