Funding you earn now, next payment 03:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against SoDEX+0.202%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—needs both histories
The price spread pays, funding is against you. Injective is 0.202% dearer against SoDEX than usual: you sell high and buy low (spread +0.202% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX SILVER-USD | 66.266 | 0.0050 | pay 0.0006% / 1h | 30m 48s | $3K | $6K | 20x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 30m 48s | $11K | $94K | 52x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. 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
- −$3.5
- Price spread: +0.202% → 0.000%
- $20.22
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $8.7
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
SoDEX and 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.218 | −0.073% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.301 | +0.053% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.360 | +0.142% | $150.5M | $163.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.320 | +0.081% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.360 | +0.142% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.350 | +0.127% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.260 | −0.009% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.312 | +0.069% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.270 | +0.006% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +0.202% | $11K | $94K | 52x |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.220 | −0.069% | $796K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.748 | +0.727% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.296 | +0.045% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USDlong | +0.0050% | 1h | 66.266 | long leg | $3K | $6K | 20x | |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.230 | −0.054% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.320 | +0.081% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.282 | +0.024% | $571K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.244 | −0.033% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.302 | +0.054% | $166.0M | $74.1M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.276 | +0.015% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.290 | +0.036% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | −0.085% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0135% | 8h | 66.325 | +0.088% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0135% | 4h | 66.340 | +0.112% | $2.7M | $877K | 100x | as long as short |
| BloFin XAG-USDT | +0.0149% | 4h | 66.300 | +0.051% | $2.6M | $553K | 100x | as long as short |
| Bybit XAGUSDT | +0.0166% | 4h | 66.370 | +0.157% | $26.9M | $36.2M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.330 | +0.097% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0179% | 4h | 66.321 | +0.084% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.331 | +0.098% | $1.3M | $4.5M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.328 | +0.094% | $5.3M | $10.5M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.330 | +0.097% | $111.2M | $152.2M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.250 | −0.024% | $1.9M | $980K | 20x | as long as short |
| Binance XAGUSDT | +0.0193% | 4h | 66.358 | +0.138% | $192.3M | $707.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0198% | 4h | 66.273 | +0.011% | $672K | $315K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.350 | +0.127% | $27.8M | $65.9M | 50x | as long as short |
| Nado XAG-PERP | +0.0217% | 1h | 66.279 | +0.019% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0235% | 1h | 66.221 | −0.068% | $80K | $38K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 66.360 | +0.142% | $23.8M | $45.9M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0264% | 4h | 66.280 | +0.021% | $402K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.224 | −0.063% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0279% | 1h | 66.340 | +0.112% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0348% / S −0.0368% | 1h | 66.335 | +0.104% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0504% | 1h | 66.330 | +0.097% | $50K | $322K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.303 | +0.056% | $916K | $675K | 25x | as long as short |
SoDEX SILVER-USD
Injective XAG/USDC PERP
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
Polymarket Perps SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
BloFin XAG-USDT
Bybit XAGUSDT
Variational Omni XAG
RISEx XAG/USDC
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD