Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.014%
Price spread now: tradeXYZ against BloFin−0.024%108s7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now −0.024%, 7d avg −0.071%
=Together, before fees+0.089%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.047% dearer against BloFin than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.071%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.282%, so the current rate has only just turned against you. The two prices were read 108 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 | BloFin XAG-USDT | 66.180 | 0.0233 | pay 0.0116% / 4h | 59m 33s | $2.6M | $551K | 100x |
| Short | tradeXYZ xyz:SILVER | 66.164 | 0.0110 | get 0.0014% / 1h | 59m 33s | $165.5M | $73.9M | 25x |
BloFin XAG-USDT
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against BloFin. 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
- −$25.76
- Price spread: −0.024% → −0.071%
- $4.73
- Slippage, 4 orders
- −$2.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$53.34
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; tradeXYZ: live order book, 10 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 BloFin live order book, 4 min ago | 0.76 bp | 6.8 bp −$7 | 6.8 bp −$68 | 7.3 bp −$726 | 15.3 bp −$7,652 |
| Sell tradeXYZ live order book, 10 min ago | 0.08 bp | 9.3 bp −$9 | 10.3 bp −$103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.087 | −0.141% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.161 | −0.029% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.220 | +0.060% | $150.0M | $162.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.190 | +0.015% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.190 | +0.015% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.210 | +0.045% | $1.5M | $256K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.106 | −0.112% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.188 | +0.013% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.133 | −0.071% | $5.2M | $11.9M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.332% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.180 | 0.000% | $796K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.627 | +0.675% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.164 | −0.024% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.111 | −0.104% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.050 | −0.196% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.200 | +0.030% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0066% | 24h | 66.153 | −0.041% | $546K | $24.8M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.131 | −0.074% | $56K | $25K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.148 | −0.048% | $471K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.160 | −0.030% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.130 | −0.076% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0110% | 1h | 66.164 | −0.024% | $165.5M | $73.9M | 25x | |
| Aster XAGUSDT | +0.0126% | 4h | 66.200 | +0.030% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0131% | 8h | 66.198 | +0.028% | $30K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.220 | +0.060% | $1.3M | $4.4M | 20x | as long as short |
| Bybit XAGUSDT | +0.0138% | 4h | 66.220 | +0.060% | $26.9M | $36.0M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.167 | −0.020% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0181% | 4h | 66.181 | +0.002% | $5.6M | $9.8M | — | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.194 | +0.022% | $5.2M | $10.4M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.200 | +0.030% | $107.8M | $151.9M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.180 | 0.000% | $1.8M | $1.0M | 20x | as long as short |
| Binance XAGUSDT | +0.0194% | 4h | 66.208 | +0.042% | $192.3M | $704.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0203% | 4h | 66.161 | −0.028% | $671K | $315K | 30x | as long as short |
| Nado XAG-PERP | +0.0207% | 1h | 66.148 | −0.049% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.200 | +0.030% | $27.7M | $65.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0229% | 1h | 66.154 | −0.040% | $80K | $37K | 10x | as long as short |
| BloFin XAG-USDTlong | +0.0233% | 4h | 66.180 | long leg | $2.6M | $551K | 100x | |
| Bitget XAGUSDT | +0.0240% | 4h | 66.200 | +0.030% | $23.8M | $45.6M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0258% | 4h | 66.190 | +0.015% | $397K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0274% | 1h | 66.179 | −0.001% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.130 | −0.075% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.160 | −0.030% | $63K | $337K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0363% / S −0.0391% | 1h | 66.185 | +0.008% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.147 | −0.049% | $913K | $674K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD