Funding you earn now, next payment 06:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.026%
Price spread now: Injective against Binance+1.460%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.061%−$6 on $10k
+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 1.460% dearer against Binance than usual: you sell high and buy low (spread +1.460% now, against zero (this spread has no 7-day history yet)): +$146 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 days. At the pace of the last 7 days (−0.061% in total) that is about 6 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAGUSDT | 65.445 | 0.0139 | pay 0.0070% / 4h | 2h 24m | $190.2M | $731.5M | 100x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 24m 29s | $11K | $94K | 52x |
Binance XAGUSDT
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$22.24
- Price spread: +1.460% → 0.000%
- $145.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $113.7
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 4 min ago; 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 Binance live order book, 4 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 9.0 bp −$905 | 28.0 bp −$14.0K |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0024% | 1h | 65.360 | −0.130% | $5.6M | $9.4M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.409 | −0.055% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.570 | +0.191% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.600 | +0.237% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.550 | +0.161% | $1.5M | $266K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.524 | +0.121% | $118K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.466 | +0.033% | $1.3M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.473 | +0.043% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.413 | −0.049% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +1.460% | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 65.675 | +0.352% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.570 | +0.191% | $789K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0042% | 4h | 65.470 | +0.039% | $142.1M | $171.8M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.874 | +0.656% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.394 | −0.078% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.506 | +0.094% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.430 | −0.023% | $154K | $2.8M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 65.441 | −0.006% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0061% | 1h | 65.428 | −0.026% | $166.2M | $78.3M | 25x | as long as short |
| Bybit XAGUSDT | +0.0068% | 4h | 65.440 | −0.007% | $28.1M | $39.1M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 65.554 | +0.167% | $523K | $28.0M | 8.1x | as long as short |
| Aster XAGUSDT | +0.0093% | 4h | 65.440 | −0.007% | $2.7M | $941K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.413 | −0.049% | $466K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.440 | −0.007% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.330 | −0.175% | $112K | $30K | 50x | as long as short |
| Lighter XAG | +0.0120% | 1h | 65.459 | +0.021% | $5.3M | $11.1M | 25x | as long as short |
| Variational Omni XAG | +0.0129% | 4h | 65.384 | −0.093% | $5.6M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.570 | +0.191% | $47K | — | 10x | as long as short |
| Binance XAGUSDTlong | +0.0139% | 4h | 65.445 | long leg | $190.2M | $731.5M | 100x | |
| MEXC SILVER_USDT | +0.0140% | 4h | 65.460 | +0.023% | $113.5M | $158.3M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0145% | 4h | 65.373 | −0.109% | $665K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0146% | 1h | 65.420 | −0.038% | $1.3M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.510 | +0.100% | $1.7M | $1.4M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0184% | 1h | 65.432 | −0.020% | $35K | $21K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 65.406 | −0.059% | $386K | $1.5M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.560 | +0.176% | $66K | $370K | 20x | as long as short |
| Bitget XAGUSDT | +0.0208% | 4h | 65.430 | −0.023% | $23.2M | $47.7M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 65.430 | −0.023% | $27.5M | $69.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0216% | 1h | 65.559 | +0.175% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0229% | 1h | 65.584 | +0.213% | $43K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.525 | +0.123% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0358% / S −0.0317% | 1h | 65.585 | +0.214% | $87K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0381% | 4h | 65.510 | +0.100% | $2.6M | $624K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0470% | 1h | 65.563 | +0.180% | $916K | $749K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Gate XAG_USDT
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Bybit XAGUSDT
Kalshi KXSILVERPERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
Hotstuff SILVER-PERP
GRVT XAG_USDT_Perp
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD