Funding you earn now, next payment 03:00 UTC−0.0322%/8h= −35.3% APRnext payment −$0.40 per $10,000 · paid last 24h −0.072%
Price spread now: Lighter RH against Deribit+0.003%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.003%, 7d avg −0.025%
=Together, before fees−0.151%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.028% dearer against Deribit than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.025%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.100% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.100% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SILVER_USDC-PERPETUAL | 66.220 | 0.0354 | pay 0.0044% / 1h | 49m 56s | $50K | $326K | 20x |
| Short | Lighter RH XAG | 66.222 | 0.0032 | get 0.0004% / 1h | 49m 56s | $4.8M | $9.4M | 25x |
Deribit SILVER_USDC-PERPETUAL
Lighter RH XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$67.71
- Price spread: +0.003% → −0.025%
- $2.79
- Slippage, 4 orders
- −$8.07
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$79.99
- Costs to cover
- 0.151%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 14 min ago; Lighter RH: live order book, 4 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 Deribit live order book, 14 min ago | 0.75 bp | 7.2 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.54 bp | 2.0 bp −$2 | 2.4 bp −$24 | 18.1 bp −$1,814 | doesn't fit |
XAG on 43 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 | 66.178 | −0.063% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.250 | +0.045% | $151.6M | $161.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.250 | +0.045% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.260 | +0.060% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.250 | +0.045% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.184 | −0.054% | $121K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0017% | 1h | 66.160 | −0.091% | $5.7M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 66.228 | +0.012% | $35K | $21K | 20x | as long as short |
| Lighter RH XAGshort | +0.0032% | 1h | 66.222 | +0.003% | $4.8M | $9.4M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 66.169 | −0.077% | $5.3M | $12.1M | 10x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
Extended XAG-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.272% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.230 | +0.015% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.693 | +0.714% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.218 | −0.003% | $3.9M | $673K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.171 | −0.074% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.250 | +0.045% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.213 | −0.011% | $547K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.303 | +0.125% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0092% | 1h | 66.200 | −0.030% | $165.7M | $74.7M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.206 | −0.021% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.200 | −0.030% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.166% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0137% | 8h | 66.255 | +0.054% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 66.235 | +0.023% | $2.7M | $917K | 100x | as long as short |
| Bybit XAGUSDT | +0.0141% | 4h | 66.250 | +0.045% | $26.7M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.223 | +0.004% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.231 | +0.016% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.033% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.267 | +0.071% | $1.2M | $4.4M | 20x | as long as short |
| Binance XAGUSDT | +0.0191% | 4h | 66.240 | +0.030% | $191.9M | $706.1M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.220 | 0.000% | $110.5M | $151.8M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.196% | $1.9M | $972K | 20x | as long as short |
| edgeX XAGUSDC | +0.0201% | 4h | 66.366 | +0.221% | $673K | $314K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.240 | +0.030% | $27.8M | $65.6M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0233% | 1h | 66.266 | +0.069% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0238% | 1h | 66.215 | −0.008% | $1.3M | $6.6M | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 66.199 | −0.032% | $20K | $22K | 10x | as long as short |
| Bitget XAGUSDT | +0.0254% | 4h | 66.240 | +0.030% | $23.9M | $46.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0266% | 1h | 66.264 | +0.066% | $46K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.380 | +0.241% | $393K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0331% / S −0.0342% | 1h | 66.255 | +0.053% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0354% | 1h | 66.220 | long leg | $50K | $326K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.208 | −0.017% | $763K | $475K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Binance XAGUSDT
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
Hibachi XAG/USDT-P
Bitget XAGUSDT
Bullet SILVER-USD
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD