Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against tradeXYZ−0.051%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.051%, 7d avg +0.007%
=Together, before fees+0.056%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SILVER | 66.004 | 0.0126 | pay 0.0016% / 1h | 5m 50s | $165.9M | $73.5M | 25x |
| Short | Extended XAG-USD | 65.971 | 0.0032 | get 0.0004% / 1h | 5m 50s | $5.2M | $11.5M | 10x |
tradeXYZ xyz:SILVER
Extended XAG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$19.83
- Price spread: −0.051% → +0.007%
- −$5.73
- Slippage, 4 orders
- −$2.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$51.17
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago | 0.08 bp | 9.1 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.08 bp | 4.4 bp −$4 | 5.8 bp −$58 | 12.1 bp −$1,206 | 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 | 66.018 | +0.021% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.050 | +0.070% | $150.0M | $163.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.040 | +0.055% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.191% | $1.0M | $968K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.090 | +0.130% | $1.5M | $318K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.983 | −0.032% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.030 | +0.040% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USDshort | +0.0032% | 1h | 65.971 | −0.051% | $5.2M | $11.5M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.600% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.100 | +0.145% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0045% | 1h | 65.950 | −0.082% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.484 | +0.727% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.013 | +0.014% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.020 | +0.024% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.981 | −0.035% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.050 | +0.070% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.053 | +0.074% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 66.015 | +0.017% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.993 | −0.017% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.010 | +0.009% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.030 | +0.039% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0126% | 1h | 66.004 | long leg | $165.9M | $73.5M | 25x | |
| RISEx XAG/USDC | +0.0137% | 1h | 66.041 | +0.055% | $1.3M | $4.6M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0144% | 8h | 66.040 | +0.054% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0149% | 4h | 66.050 | +0.069% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0172% | 4h | 66.060 | +0.085% | $27.1M | $36.0M | 150x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.034 | +0.045% | $5.3M | $10.8M | 25x | as long as short |
| Aevo XAG-PERP | +0.0200% | 1h | 66.053 | +0.074% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.020 | +0.024% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0208% | 4h | 66.043 | +0.060% | $5.6M | $9.5M | — | as long as short |
| Nado XAG-PERP | +0.0216% | 1h | 66.000 | −0.006% | $1.4M | $6.3M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0216% | 4h | 66.030 | +0.039% | $110.7M | $153.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0218% | 4h | 66.041 | +0.055% | $192.8M | $699.5M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0224% | 1h | 66.043 | +0.059% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0227% | 4h | 66.058 | +0.081% | $670K | $311K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0235% | 8h | 66.050 | +0.070% | $27.7M | $64.9M | 50x | as long as short |
| Bitget XAGUSDT | +0.0258% | 4h | 66.040 | +0.055% | $23.8M | $45.4M | 100x | as long as short |
| BloFin XAG-USDT | +0.0265% | 4h | 66.120 | +0.176% | $2.6M | $554K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0276% | 4h | 66.090 | +0.131% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0290% | 1h | 66.055 | +0.077% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.030 | +0.039% | $75K | $362K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.055 | +0.077% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0392% | 1h | 66.020 | +0.024% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.018 | +0.021% | $911K | $683K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Nado XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD