Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.036%
Price spread now: Coinbase International against tradeXYZ−0.006%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.006%, 7d avg +0.028%
=Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.034% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SILVER | 65.304 | 0.0050 | pay 0.0006% / 1h | 34m 07s | $169.7M | $81.6M | 25x |
| Short | Coinbase International SILVER-PERP-INTX | 65.300 | 0.0096 | get 0.0012% / 1h | 34m 07s | $1.6M | $1.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $9.66
- Price spread: −0.006% → +0.028%
- −$3.41
- Slippage, 4 orders
- −$4.05
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.8
- Costs to cover
- 0.321%
- Break-even
- 25.7 days
Slippage from tradeXYZ: live order book, 6 min ago; Coinbase International: live order book, 4 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 tradeXYZ live order book, 6 min ago | 0.08 bp | 9.1 bp −$9 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 0.77 bp | 5.8 bp −$6 | 7.3 bp −$73 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0041% | 1h | 65.240 | −0.098% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.297 | −0.011% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.350 | +0.070% | $27.8M | $39.4M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.340 | +0.055% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.390 | +0.132% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.340 | +0.055% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | +0.043% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.298 | −0.009% | $118K | — | 250x | as long as short |
| Aster XAGUSDT | +0.0024% | 4h | 65.348 | +0.067% | $2.7M | $928K | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 65.316 | +0.018% | $35K | $21K | 20x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0026% | 4h | 65.340 | +0.055% | $118.8M | $157.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0027% | 4h | 65.340 | +0.056% | $191.7M | $753.5M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.341 | +0.057% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.297 | −0.010% | $5.1M | $11.6M | 10x | as long as short |
| Gate XAG_USDT | +0.0032% | 4h | 65.360 | +0.086% | $140.8M | $178.2M | 100x | as long as short |
| edgeX XAGUSDC | +0.0032% | 4h | 65.342 | +0.058% | $665K | $313K | 30x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.678% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.350 | +0.070% | $786K | $2.9M | 40x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.330 | +0.040% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.766 | +0.707% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.341 | +0.056% | $47K | — | 10x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0050% | 1h | 65.304 | long leg | $169.7M | $81.6M | 25x | |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.316 | +0.018% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.290 | −0.021% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.322 | +0.028% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.297 | −0.011% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.329 | +0.038% | $530K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTXshort | +0.0096% | 1h | 65.300 | −0.006% | $1.6M | $1.4M | 20x | |
| Pacifica XAG | +0.0100% | 1h | 65.288 | −0.024% | $465K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.310 | +0.009% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.310 | +0.009% | $112K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0111% | 4h | 65.360 | +0.086% | $2.7M | $575K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.353 | +0.076% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0128% | 4h | 65.357 | +0.081% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0154% | 4h | 65.340 | +0.055% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0160% | 1h | 65.304 | 0.000% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.349 | +0.068% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0167% | 8h | 65.330 | +0.040% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0182% | 1h | 65.330 | +0.040% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.330 | +0.039% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.340 | +0.055% | $65K | $390K | 20x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 65.359 | +0.085% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.345 | +0.063% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.320 | +0.024% | $1.0M | $868K | 25x | as long as short |
tradeXYZ xyz:SILVER
Coinbase International SILVER-PERP-INTX
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
gTrade (Gains Network) XAG/USD
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
Gate XAG_USDT
edgeX XAGUSDC
Injective XAG/USDC PERP
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD