Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.036%
Price spread now: Extended against Coinbase International−0.040%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.040%, 7d avg −0.017%
=Together, before fees−0.184%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 65.360 | 0.0096 | pay 0.0012% / 1h | 48m 29s | $1.6M | $1.4M | 20x |
| Short | Extended XAG-USD | 65.334 | 0.0032 | get 0.0004% / 1h | 48m 29s | $5.1M | $11.6M | 10x |
Coinbase International SILVER-PERP-INTX
Extended XAG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$13.44
- Price spread: −0.040% → −0.017%
- −$2.33
- Slippage, 4 orders
- −$3.6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$34.38
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 6 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 Coinbase International live order book, 5 min ago | 0.77 bp | 6.0 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 0.08 bp | 4.0 bp −$4 | 5.2 bp −$52 | 12.1 bp −$1,210 | 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 | −0.0047% | 1h | 65.280 | −0.122% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.287 | −0.111% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.410 | +0.076% | $27.8M | $39.6M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.350 | −0.015% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.360 | 0.000% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.350 | −0.015% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.289 | −0.108% | $118K | — | 250x | as long as short |
| Variational Omni XAG | +0.0016% | 4h | 65.312 | −0.073% | $5.5M | $9.1M | — | as long as short |
| Aster XAGUSDT | +0.0030% | 4h | 65.390 | +0.046% | $2.7M | $951K | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.389 | +0.044% | $4.6M | $9.7M | 25x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Aster XAGUSDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USDshort | +0.0032% | 1h | 65.334 | −0.040% | $5.1M | $11.6M | 10x | |
| Gate XAG_USDT | +0.0032% | 4h | 65.410 | +0.076% | $141.3M | $176.8M | 100x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.591% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0040% | 4h | 65.390 | +0.046% | $117.4M | $157.0M | 1000x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.310 | −0.076% | $786K | $2.9M | 40x | as long as short |
| Binance XAGUSDT | +0.0041% | 4h | 65.400 | +0.061% | $191.8M | $761.1M | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.390 | +0.046% | $152K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.794 | +0.664% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.363 | +0.005% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.285 | −0.115% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.369 | +0.014% | $29K | $1K | 5x | as long as short |
| Aevo XAG-PERP | +0.0056% | 1h | 65.322 | −0.058% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0057% | 4h | 65.317 | −0.066% | $665K | $313K | 30x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.281 | −0.121% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0077% | 1h | 65.356 | −0.006% | $169.8M | $81.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.283 | −0.118% | $480K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0096% | 1h | 65.360 | long leg | $1.6M | $1.4M | 20x | |
| Pacifica XAG | +0.0100% | 1h | 65.329 | −0.047% | $469K | $612K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.350 | −0.015% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.260 | −0.153% | $112K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.409 | +0.075% | $1.2M | $4.9M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0134% | 4h | 65.317 | −0.066% | $384K | $1.6M | 25x | as long as short |
| BloFin XAG-USDT | +0.0164% | 4h | 65.360 | 0.000% | $2.7M | $583K | 100x | as long as short |
| Bitget XAGUSDT | +0.0166% | 4h | 65.400 | +0.061% | $23.7M | $45.4M | 100x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 65.355 | −0.008% | $1.2M | $4.8M | 10x | as long as short |
| Lighter XAG | +0.0168% | 1h | 65.396 | +0.055% | $5.3M | $11.1M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0168% | 1h | 65.300 | −0.092% | $20K | $17K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0176% | 8h | 65.390 | +0.046% | $28.1M | $70.6M | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0192% | 1h | 65.332 | −0.043% | $35K | $21K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.330 | −0.046% | $65K | $387K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.319 | −0.063% | $78K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0227% | 1h | 65.351 | −0.014% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.355 | −0.008% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.306 | −0.082% | $1.0M | $872K | 25x | as long as short |
Gate XAG_USDT
Injective XAG/USDC PERP
MEXC SILVER_USDT
StandX XAG-USD
Binance XAGUSDT
QFEX SILVER-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Aevo XAG-PERP
edgeX XAGUSDC
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
BloFin XAG-USDT
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
Hibachi XAG/USDT-P
OKX XAG-USDT-SWAP
Hotstuff SILVER-PERP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD