Funding you earn now, next payment 10:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.046%
Price spread now: Bullet against tradeXYZ+0.055%7-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
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.055% dearer against tradeXYZ than usual: you sell high and buy low: +$6 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 | tradeXYZ xyz:SILVER | 65.549 | 0.0118 | pay 0.0015% / 1h | 2m 24s | $174.4M | $93.8M | 25x |
| Short | Bullet SILVER-USD | 65.585 | 0.0273 | get 0.0034% / 1h | 2m 24s | $44K | $74K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against tradeXYZ. 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
- $32.57
- Price spread: +0.055% → 0.000%
- $5.5
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $12.07
- Costs to cover
- 0.260%
- Break-even
- 4.4 days
Slippage unknown: tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.15 bp | 9.6 bp −$10 | 10.7 bp −$107 | doesn't fit | 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 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 | −0.7240% | 1h | 65.679 | +0.198% | $36K | $23K | 20x | as long as short |
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.445% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0008% | 1h | 65.490 | −0.090% | $5.7M | $10.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.697 | +0.226% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.600 | +0.078% | $138.9M | $204.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.570 | +0.032% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.790 | +0.368% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.760 | +0.322% | $1.5M | $253K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.630 | +0.124% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.712 | +0.249% | $4.5M | $9.8M | 25x | as long as short |
Show all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.592 | +0.065% | $5.1M | $11.8M | 10x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.580 | +0.047% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.039 | +0.748% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.556 | +0.011% | $3.8M | $894K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.532 | −0.026% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.626 | +0.117% | $29K | $166 | 5x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.580 | +0.047% | $445K | $1.4M | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.700 | +0.230% | $1.6M | $1.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0098% | 24h | 65.705 | +0.238% | $708K | $38.6M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.651 | +0.156% | $467K | $572K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.590 | +0.063% | $25.3M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.620 | +0.108% | $112K | $19K | 50x | as long as short |
| Variational Omni XAG | +0.0104% | 4h | 65.650 | +0.153% | $5.7M | $9.2M | — | as long as short |
| Phoenix SILVER | +0.0110% | 1h | 65.625 | +0.116% | $55K | $13K | 25x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0118% | 1h | 65.549 | long leg | $174.4M | $93.8M | 25x | |
| Binance XAGUSDT | +0.0127% | 4h | 65.580 | +0.047% | $193.2M | $859.4M | 100x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.570 | +0.032% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.580 | +0.047% | $121.1M | $169.3M | 1000x | as long as short |
| Aster XAGUSDT | +0.0130% | 4h | 65.600 | +0.078% | $2.7M | $1.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0138% | 4h | 65.677 | +0.195% | $669K | $314K | 30x | as long as short |
| Nado XAG-PERP | +0.0172% | 1h | 65.578 | +0.045% | $1.2M | $3.7M | 10x | as long as short |
| Bybit XAGUSDT | +0.0177% | 4h | 65.590 | +0.063% | $30.4M | $47.9M | 150x | as long as short |
| GRVT XAG_USDT_Perp | +0.0182% | 4h | 65.613 | +0.097% | $396K | $1.5M | 25x | as long as short |
| Lighter XAG | +0.0192% | 1h | 65.668 | +0.182% | $5.1M | $12.0M | 25x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.618 | +0.105% | $1.2M | $4.9M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 65.590 | +0.063% | $28.0M | $85.4M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0225% | 1h | 65.567 | +0.028% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0252% | 4h | 65.590 | +0.063% | $23.2M | $52.5M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0256% | 1h | 65.502 | −0.071% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0266% / S −0.0233% | 1h | 65.565 | +0.024% | $93K | — | 111x | as long as short |
| Bullet SILVER-USDshort | +0.0273% | 1h | 65.585 | +0.055% | $44K | $74K | 10x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0360% | 1h | 65.610 | +0.093% | $77K | $411K | 20x | as long as short |
| BloFin XAG-USDT | +0.0372% | 4h | 65.730 | +0.276% | $2.7M | $762K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0772% | 1h | 65.591 | +0.064% | $1.0M | $943K | 25x | as long as short |
tradeXYZ xyz:SILVER
Bullet 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
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Phoenix SILVER
Binance XAGUSDT
MEXC SILVER_USDT
Aster XAGUSDT
edgeX XAGUSDC
Bybit XAGUSDT
GRVT XAG_USDT_Perp
Lighter XAG
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
BloFin XAG-USDT
Kraken Futures PF_XAGUSD