Funding you earn now, next payment 05:00 UTC−0.0205%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h −0.083%
Price spread now: dYdX against Deribit−0.040%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and dYdX is 0.040% cheaper against Deribit than usual: you would sell low and buy high (−$4 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 | Deribit SILVER_USDC-PERPETUAL | 65.960 | 0.0205 | pay 0.0026% / 1h | 40m 16s | $75K | $363K | 20x |
| Short | dYdX XAG-USD | 65.934 | 0 | get 0.0000% / 1h | 40m 16s | $14K | — | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. 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
- −$43.06
- Price spread: −0.040% → 0.000%
- −$3.99
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$64.04
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 13 min ago; dYdX: 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 Deribit live order book, 13 min ago | 0.76 bp | 4.3 bp −$4 | 4.6 bp −$46 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.0043% | 1h | 65.830 | −0.197% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USDshort | 0.0000% | 1h | 65.934 | −0.040% | $14K | — | 5x | |
| Gate XAG_USDT | 0.0000% | 4h | 65.990 | +0.045% | $149.5M | $163.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.980 | +0.030% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.010 | +0.076% | $1.0M | $966K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.980 | +0.030% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.911 | −0.074% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.961 | +0.002% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.915 | −0.069% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.667% | $11K | $94K | 52x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.970 | +0.015% | $793K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.397 | +0.663% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.937 | −0.035% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.946 | −0.021% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.916 | −0.067% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 65.942 | −0.027% | $165.9M | $73.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.960 | 0.000% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.930 | −0.045% | $539K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.889 | −0.108% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.975 | +0.023% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.914 | −0.070% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.940 | −0.030% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.920 | −0.061% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0112% | 1h | 65.970 | +0.015% | $5.2M | $10.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0117% | 8h | 65.970 | +0.015% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0130% | 4h | 66.000 | +0.061% | $27.4M | $36.5M | 150x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.970 | +0.015% | $2.7M | $871K | 100x | as long as short |
| Nado XAG-PERP | +0.0180% | 1h | 65.937 | −0.034% | $1.4M | $6.0M | 10x | as long as short |
| Aevo XAG-PERP | +0.0184% | 1h | 65.973 | +0.020% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0188% | 4h | 65.963 | +0.005% | $5.6M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0202% | 4h | 65.970 | +0.015% | $112.8M | $152.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0202% | 4h | 65.980 | +0.030% | $191.0M | $702.5M | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0205% | 1h | 65.960 | long leg | $75K | $363K | 20x | |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | −0.015% | $1.8M | $1.0M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 65.939 | −0.033% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0218% | 4h | 66.022 | +0.094% | $394K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0219% | 4h | 65.962 | +0.003% | $669K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0233% | 8h | 65.980 | +0.030% | $27.7M | $64.8M | 50x | as long as short |
| Bullet SILVER-USD | +0.0236% | 1h | 65.990 | +0.045% | $45K | $76K | 10x | as long as short |
| BloFin XAG-USDT | +0.0238% | 4h | 65.960 | 0.000% | $2.6M | $556K | 100x | as long as short |
| Bitget XAGUSDT | +0.0242% | 4h | 65.980 | +0.030% | $23.9M | $45.3M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.912 | −0.073% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 65.985 | +0.038% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 65.940 | −0.031% | $910K | $683K | 25x | as long as short |
Deribit SILVER_USDC-PERPETUAL
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-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aster XAGUSDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bullet SILVER-USD
BloFin XAG-USDT
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD