Funding you earn now, next payment 01:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.035%
Price spread now: Paradex against Coinbase International−0.222%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.222% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 66.520 | 0.0184 | pay 0.0023% / 1h | 37m 24s | $1.9M | $967K | 20x |
| Short | Paradex XAG-USD-PERP | 66.372 | 0.0123 | get 0.0123% / 8h | 6h 37m | $30K | $1K | 5x |
Coinbase International SILVER-PERP-INTX
Paradex XAG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$12.8
- Price spread: −0.222% → 0.000%
- −$22.19
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$48.99
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 1 min ago; Paradex: 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 Coinbase International live order book, 1 min ago | 0.75 bp | 5.8 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.294 | −0.339% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.340 | −0.271% | $153.3M | $162.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.360 | −0.241% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.550 | +0.045% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.400 | −0.180% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.278 | −0.363% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.366 | −0.232% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.310 | −0.315% | $5.4M | $12.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.180% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.420 | −0.150% | $799K | $2.9M | 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
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.810 | +0.436% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.413 | −0.161% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.314 | −0.310% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.303 | −0.326% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.280 | −0.361% | $5.7M | $9.5M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.360 | −0.241% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.361 | −0.239% | $577K | $23.1M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.375 | −0.218% | $1.2M | $4.3M | 20x | as long as short |
| Bybit XAGUSDT | +0.0080% | 4h | 66.360 | −0.241% | $26.4M | $35.9M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.307 | −0.320% | $165.5M | $76.0M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.328 | −0.289% | $472K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.320 | −0.301% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.470 | −0.075% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.075% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0118% | 4h | 66.360 | −0.241% | $2.7M | $967K | 100x | as long as short |
| Paradex XAG-USD-PERPshort | +0.0123% | 8h | 66.372 | −0.222% | $30K | $1K | 5x | |
| Variational Omni XAG | +0.0129% | 4h | 66.505 | −0.023% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0144% | 1h | 66.333 | −0.281% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0152% | 4h | 66.340 | −0.271% | $102.1M | $158.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0153% | 4h | 66.340 | −0.271% | $192.5M | $708.1M | 100x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.377 | −0.216% | $5.3M | $10.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0166% | 4h | 66.514 | −0.010% | $675K | $314K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0184% | 1h | 66.520 | long leg | $1.9M | $967K | 20x | |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 66.360 | −0.241% | $27.9M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0221% | 1h | 66.427 | −0.139% | $80K | $38K | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0224% | 1h | 66.368 | −0.229% | $35K | $21K | 20x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.340 | −0.271% | $24.2M | $46.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0229% | 1h | 66.324 | −0.294% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0242% | 4h | 66.526 | +0.008% | $391K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 66.473 | −0.071% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0278% | 1h | 66.353 | −0.251% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.345 | −0.263% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.350 | −0.256% | $50K | $325K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0463% | 1h | 66.346 | −0.262% | $765K | $472K | 25x | as long as short |
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Lighter XAG
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hotstuff SILVER-PERP
Bitget XAGUSDT
Nado XAG-PERP
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD