Funding you earn now, next payment 10:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%
Price spread now: Coinbase International against Extended+0.079%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now +0.079%, 7d avg +0.017%
=Together, before fees+0.236%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.062% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAG-USD | 65.568 | 0.0032 | pay 0.0004% / 1h | 26m 42s | $5.1M | $11.9M | 10x |
| Short | Coinbase International SILVER-PERP-INTX | 65.620 | 0.0104 | get 0.0013% / 1h | 26m 42s | $1.6M | $1.9M | 20x |
Extended XAG-USD
Coinbase International SILVER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $15.12
- Price spread: +0.079% → +0.017%
- $6.22
- Slippage, 4 orders
- −$6.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $0.32
- Costs to cover
- 0.210%
- Break-even
- 6.9 days
Slippage from Extended: live order book, 5 min ago; Coinbase International: 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 Extended live order book, 5 min ago | 0.08 bp | 2.7 bp −$3 | 4.8 bp −$48 | 10.6 bp −$1,062 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 0.76 bp | 8.6 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −3.2000% | 1h | 65.585 | +0.026% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.586 | +0.027% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.640 | +0.110% | $138.1M | $205.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.610 | +0.064% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.640 | +0.110% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.620 | +0.079% | $1.5M | $255K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.603 | +0.053% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.624 | +0.085% | $4.5M | $9.6M | 25x | as long as short |
| Extended XAG-USDlong | +0.0032% | 1h | 65.568 | long leg | $5.1M | $11.9M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.473% | $11K | $240 | 52x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Injective XAG/USDC PERPShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0034% | 1h | 65.530 | −0.058% | $5.6M | $11.1M | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.670 | +0.156% | $790K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.048 | +0.732% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.600 | +0.049% | $3.8M | $907K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.539 | −0.044% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.610 | +0.064% | $446K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.599 | +0.048% | $29K | — | 5x | as long as short |
| Variational Omni XAG | +0.0067% | 4h | 65.630 | +0.094% | $5.7M | $9.1M | — | as long as short |
| tradeXYZ xyz:SILVER | +0.0073% | 1h | 65.609 | +0.063% | $175.3M | $95.0M | 25x | as long as short |
| Bybit XAGUSDT | +0.0081% | 4h | 65.640 | +0.110% | $30.4M | $48.3M | 150x | as long as short |
| Aster XAGUSDT | +0.0088% | 4h | 65.620 | +0.079% | $2.7M | $1.2M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0090% | 4h | 65.630 | +0.095% | $118.5M | $164.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0091% | 4h | 65.630 | +0.095% | $191.5M | $865.5M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.577 | +0.014% | $464K | $559K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.600 | +0.049% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.600 | +0.049% | $112K | $19K | 50x | as long as short |
| Kalshi KXSILVERPERP | +0.0102% | 24h | 65.647 | +0.121% | $758K | $39.1M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.596 | +0.043% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTXshort | +0.0104% | 1h | 65.620 | +0.079% | $1.6M | $1.9M | 20x | |
| GRVT XAG_USDT_Perp | +0.0108% | 4h | 65.649 | +0.124% | $386K | $1.6M | 25x | as long as short |
| edgeX XAGUSDC | +0.0111% | 4h | 65.637 | +0.105% | $669K | $313K | 30x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.639 | +0.108% | $1.3M | $5.2M | 20x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.611 | +0.066% | $55K | $14K | 25x | as long as short |
| Nado XAG-PERP | +0.0135% | 1h | 65.590 | +0.034% | $1.2M | $3.5M | 10x | as long as short |
| Lighter XAG | +0.0136% | 1h | 65.624 | +0.085% | $5.1M | $11.8M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0196% | 8h | 65.630 | +0.095% | $28.0M | $85.8M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.580 | +0.018% | $77K | $414K | 20x | as long as short |
| Bullet SILVER-USD | +0.0216% | 1h | 65.618 | +0.076% | $45K | $73K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 65.616 | +0.073% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 65.630 | +0.095% | $23.2M | $53.0M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.617 | +0.075% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0274% / S −0.0244% | 1h | 65.615 | +0.072% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0332% | 4h | 65.680 | +0.171% | $2.7M | $764K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0548% | 1h | 65.588 | +0.031% | $1.0M | $952K | 25x | as long as short |
Ondo Perps XAG-USD.P
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Variational Omni XAG
tradeXYZ xyz:SILVER
Bybit XAGUSDT
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Kalshi KXSILVERPERP
Aevo XAG-PERP
GRVT XAG_USDT_Perp
edgeX XAGUSDC
RISEx XAG/USDC
Phoenix SILVER
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD