Funding you earn now, next payment 09:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.053%
Price spread now: Deribit against Pacifica−0.066%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 4 days (all we have)+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.066%, 7d avg +0.053%
=Together, before fees+0.311%+ Points / potential airdropPacifica: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.119% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.053%). If the spread goes back, that is −$12 on $10k: about 3.5 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XAG | 65.043 | 0.0100 | pay 0.0013% / 1h | 51m 26s | $463K | $594K | 10x |
| Short | Deribit SILVER_USDC-PERPETUAL | 65.000 | 0.0212 | get 0.0026% / 1h | 51m 26s | $76K | $416K | 20x |
Pacifica XAG
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. 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
- $23.47
- Price spread: −0.066% → +0.053%
- −$11.88
- Slippage, 4 orders
- −$11.81
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.22
- Costs to cover
- 0.268%
- Break-even
- 11.5 days
Slippage from Pacifica: live order book, 47 min ago; Deribit: live order book, 47 min ago.
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 Pacifica live order book, 47 min ago | 0.08 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 0.76 bp | 4.3 bp −$4 | 4.6 bp −$46 | doesn't fit | doesn't fit |
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 | 64.987 | −0.087% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.040 | −0.005% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.080 | +0.057% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.050 | +0.011% | $1.4M | $291K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.003 | −0.061% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0018% | 4h | 65.014 | −0.044% | $5.4M | $9.1M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.101 | +0.089% | $4.6M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.034 | −0.014% | $4.9M | $11.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.086% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.010 | −0.051% | $782K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 65.513 | +0.723% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 65.110 | +0.103% | $171K | $1.4M | 20x | as long as short |
| Gate XAG_USDT | +0.0050% | 4h | 65.100 | +0.088% | $139.8M | $179.1M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.043 | 0.000% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.958 | −0.131% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.010 | −0.051% | $5.6M | $9.8M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0056% | 4h | 65.120 | +0.118% | $125.9M | $155.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0057% | 4h | 65.130 | +0.134% | $193.5M | $762.0M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.075 | +0.050% | $29K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0066% | 4h | 65.121 | +0.120% | $2.6M | $986K | 100x | as long as short |
| edgeX XAGUSDC | +0.0067% | 4h | 65.072 | +0.044% | $663K | $313K | 30x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.019 | −0.036% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 65.010 | −0.051% | $1.6M | $1.4M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0082% | 24h | 65.022 | −0.032% | $477K | $33.4M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 65.081 | +0.058% | $35K | $21K | 20x | as long as short |
| Pacifica XAGlong | +0.0100% | 1h | 65.043 | long leg | $463K | $594K | 10x | |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.050 | +0.011% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.010 | −0.051% | $111K | $19K | 50x | as long as short |
| Bybit XAGUSDT | +0.0104% | 4h | 65.140 | +0.149% | $27.3M | $39.4M | 150x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 65.011 | −0.049% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0146% | 1h | 65.096 | +0.081% | $173.8M | $85.8M | 25x | as long as short |
| Nado XAG-PERP | +0.0155% | 1h | 65.027 | −0.024% | $1.2M | $4.6M | 10x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 65.113 | +0.108% | $1.3M | $4.9M | 20x | as long as short |
| Bitget XAGUSDT | +0.0182% | 4h | 65.130 | +0.134% | $23.3M | $45.2M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0183% | 8h | 65.140 | +0.149% | $28.6M | $72.4M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0203% | 1h | 65.009 | −0.052% | $78K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0212% | 1h | 65.000 | −0.066% | $76K | $416K | 20x | |
| BloFin XAG-USDT | +0.0223% | 4h | 65.050 | +0.011% | $2.7M | $631K | 100x | as long as short |
| Lighter XAG | +0.0232% | 1h | 65.095 | +0.079% | $5.3M | $10.7M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.045 | +0.003% | $92K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0280% | 1h | 64.990 | −0.081% | $20K | $15K | 10x | as long as short |
| Bullet SILVER-USD | +0.0321% | 1h | 65.134 | +0.140% | $45K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0394% | 4h | 65.085 | +0.065% | $391K | $1.6M | 25x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0419% | 1h | 65.007 | −0.055% | $1.0M | $868K | 25x | as long as short |
Vest SI-PERP
QFEX SILVER-USD
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
MEXC SILVER_USDT
Binance XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
edgeX XAGUSDC
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
BloFin XAG-USDT
Lighter XAG
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Bullet SILVER-USD
GRVT XAG_USDT_Perp
Kraken Futures PF_XAGUSD