Funding you earn now, next payment 12:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against edgeX−0.066%80s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.066%, 7d avg +0.004%
=Together, before fees−0.107%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.070% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XAGUSDC | 64.937 | 0.0061 | pay 0.0030% / 4h | 3h 36m | $661K | $313K | 30x |
| Short | Binance XAGUSDT | 64.894 | 0.0050 | get 0.0025% / 4h | 3h 36m | $195.8M | $769.5M | 100x |
edgeX XAGUSDC
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- −$2.3
- Price spread: −0.066% → +0.004%
- −$7
- Slippage, 4 orders
- −$6.13
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34.42
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 min ago; Binance: live order book, 8 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 edgeX live order book, 63 min ago | 2.30 bp | 6.8 bp −$7 | 6.8 bp −$68 | 9.2 bp −$924 | 21.2 bp −$10.6K |
| Sell Binance live order book, 8 min ago | 0.77 bp | 5.8 bp −$6 | 5.8 bp −$58 | 10.1 bp −$1,014 | 24.2 bp −$12.1K |
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 | 64.862 | −0.116% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.890 | −0.073% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 64.930 | −0.011% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.940 | +0.004% | $1.4M | $310K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.825 | −0.172% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0012% | 4h | 64.904 | −0.051% | $5.3M | $9.1M | — | as long as short |
| Gate XAG_USDT | +0.0016% | 4h | 64.920 | −0.027% | $138.7M | $181.7M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 64.901 | −0.056% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.827 | −0.169% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.253% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 64.940 | +0.004% | $781K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.304 | +0.565% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.890 | −0.073% | $445K | $1.5M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0048% | 4h | 64.890 | −0.073% | $121.0M | $158.0M | 1000x | as long as short |
| Binance XAGUSDTshort | +0.0050% | 4h | 64.894 | −0.066% | $195.8M | $769.5M | 100x | |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.827 | −0.170% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.822 | −0.177% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.780 | −0.242% | $5.6M | $9.9M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 64.889 | −0.075% | $29K | $166 | 5x | as long as short |
| edgeX XAGUSDClong | +0.0061% | 4h | 64.937 | long leg | $661K | $313K | 30x | |
| Aevo XAG-PERP | +0.0064% | 1h | 64.870 | −0.103% | $47K | — | 10x | as long as short |
| Aster XAGUSDT | +0.0065% | 4h | 64.890 | −0.073% | $2.6M | $997K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.850 | −0.134% | $1.6M | $1.4M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0084% | 24h | 64.860 | −0.119% | $484K | $33.8M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 64.925 | −0.019% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.860 | −0.119% | $463K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.850 | −0.134% | $25.1M | $4.5M | 75x | as long as short |
| GRVT XAG_USDT_Perp | +0.0100% | 4h | 64.907 | −0.047% | $390K | $1.6M | 25x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.880 | −0.088% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.865 | −0.111% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0137% | 1h | 64.869 | −0.105% | $173.8M | $86.8M | 25x | as long as short |
| Nado XAG-PERP | +0.0156% | 1h | 64.818 | −0.184% | $1.2M | $4.3M | 10x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.879 | −0.089% | $1.2M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0170% | 4h | 64.920 | −0.027% | $29.3M | $41.9M | 150x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 64.910 | −0.042% | $23.1M | $45.5M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0192% | 8h | 64.920 | −0.027% | $28.6M | $72.6M | 50x | as long as short |
| BloFin XAG-USDT | +0.0199% | 4h | 64.920 | −0.027% | $2.7M | $646K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0213% | 1h | 64.880 | −0.088% | $76K | $426K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 64.899 | −0.060% | $78K | $37K | 10x | as long as short |
| Lighter XAG | +0.0224% | 1h | 64.900 | −0.057% | $5.3M | $11.0M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.895 | −0.065% | $92K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0299% | 1h | 64.882 | −0.085% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 64.882 | −0.086% | $20K | $15K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0420% | 1h | 64.875 | −0.095% | $1.0M | $868K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
MEXC SILVER_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Paradex XAG-USD-PERP
Aevo XAG-PERP
Aster XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
GRVT XAG_USDT_Perp
ApeX Omni XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
Nado XAG-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Bitget XAGUSDT
OKX XAG-USDT-SWAP
BloFin XAG-USDT
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Lighter XAG
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD