Funding you earn now, next payment 04:00 UTC−0.0219%/8h= −23.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.053%
Price spread now: RISEx against Deribit+0.036%7-day average +0.015% · 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−$15as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 4 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.036%, 7d avg +0.015%
=The price spread pays, funding is against you. RISEx is 0.021% dearer against Deribit than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.015%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.061% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.061% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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 | 66.100 | 0.0356 | pay 0.0044% / 1h | 33m 43s | $62K | $348K | 20x |
| Short | RISEx XAG/USDC | 66.124 | 0.0137 | get 0.0017% / 1h | 33m 43s | $1.3M | $4.5M | 20x |
Deribit SILVER_USDC-PERPETUAL
RISEx XAG/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$45.91
- Price spread: +0.036% → +0.015%
- $2.11
- Slippage, 4 orders
- −$4.42
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$61.22
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 25 min ago; RISEx: live order book, 5 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, 25 min ago | 0.76 bp | 4.3 bp −$4 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 1.45 bp | 4.5 bp −$4 | 4.8 bp −$48 | 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 | 66.022 | −0.117% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.150 | +0.076% | $150.1M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.140 | +0.061% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.160 | +0.091% | $1.0M | $978K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.130 | +0.045% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.056 | −0.066% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.126 | +0.039% | $4.7M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.063 | −0.055% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.454% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.110 | +0.015% | $795K | $3.0M | 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 | 66.549 | +0.679% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.092 | −0.012% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.052 | −0.073% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.010 | −0.136% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.120 | +0.030% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.050 | −0.076% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0069% | 24h | 66.085 | −0.023% | $518K | $25.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.091 | −0.014% | $470K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.100 | 0.000% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.070 | −0.045% | $113K | $30K | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0120% | 1h | 66.074 | −0.039% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 66.112 | +0.018% | $165.5M | $74.0M | 25x | as long as short |
| RISEx XAG/USDCshort | +0.0137% | 1h | 66.124 | +0.036% | $1.3M | $4.5M | 20x | |
| Aster XAGUSDT | +0.0145% | 4h | 66.100 | 0.000% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0151% | 8h | 66.120 | +0.030% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0160% | 4h | 66.170 | +0.106% | $27.0M | $36.1M | 150x | as long as short |
| Nado XAG-PERP | +0.0195% | 1h | 66.060 | −0.061% | $1.3M | $6.5M | 10x | as long as short |
| Lighter XAG | +0.0200% | 1h | 66.131 | +0.047% | $5.2M | $10.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0200% | 1h | 66.117 | +0.026% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.045% | $1.8M | $999K | 20x | as long as short |
| BloFin XAG-USDT | +0.0201% | 4h | 66.110 | +0.015% | $2.6M | $554K | 100x | as long as short |
| Variational Omni XAG | +0.0210% | 4h | 66.123 | +0.035% | $5.6M | $9.7M | — | as long as short |
| MEXC SILVER_USDT | +0.0216% | 4h | 66.140 | +0.061% | $109.2M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0216% | 4h | 66.150 | +0.076% | $192.8M | $700.7M | 100x | as long as short |
| edgeX XAGUSDC | +0.0220% | 4h | 66.135 | +0.053% | $671K | $311K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0230% | 1h | 66.091 | −0.014% | $80K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0231% | 8h | 66.150 | +0.076% | $27.8M | $65.5M | 50x | as long as short |
| Bitget XAGUSDT | +0.0260% | 4h | 66.130 | +0.045% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0286% | 4h | 66.160 | +0.091% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0309% | 1h | 66.129 | +0.044% | $45K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0356% | 1h | 66.100 | long leg | $62K | $348K | 20x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0376% / S −0.0410% | 1h | 66.135 | +0.053% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 66.080 | −0.030% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.088 | −0.018% | $912K | $676K | 25x | as long as short |
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Nado XAG-PERP
Lighter XAG
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
BloFin XAG-USDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD