Funding you earn now, next payment 11:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.013%
Price spread now: Bybit against Injective+1.514%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 1.514% dearer against Injective than usual: you sell high and buy low: +$151 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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 | Injective XAG/USDC PERP | 64.602 | 0.0033 | pay 0.0004% / 1h | 46m 05s | $11K | $240 | 52x |
| Short | Bybit XAGUSDT | 65.580 | 0.0120 | get 0.0060% / 4h | 1h 46m | $30.6M | $48.2M | 150x |
Injective XAG/USDC PERP
Bybit XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $18.23
- Price spread: +1.514% → 0.000%
- $151.39
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $158.6
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.76 bp | 7.4 bp −$7 | 8.8 bp −$88 | 17.7 bp −$1,772 | 67.1 bp −$33.6K |
Injective: 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 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 | 65.532 | +1.440% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.598 | +1.541% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.580 | +1.514% | $138.2M | $204.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.590 | +1.529% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.630 | +1.591% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.610 | +1.560% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.605 | +1.552% | $119K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0004% | 1h | 65.530 | +1.436% | $5.7M | $11.0M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.565 | +1.490% | $4.6M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.537 | +1.447% | $5.1M | $11.8M | 10x | 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
Ondo Perps XAG-USD.P
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 64.602 | long leg | $11K | $240 | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 65.640 | +1.607% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.047 | +2.237% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.577 | +1.509% | $3.8M | $893K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.526 | +1.430% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.600 | +1.545% | $446K | $1.4M | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0055% | 1h | 65.560 | +1.483% | $77K | $414K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.608 | +1.556% | $29K | $166 | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0057% | 1h | 65.533 | +1.441% | $174.3M | $94.1M | 25x | as long as short |
| Variational Omni XAG | +0.0086% | 4h | 65.668 | +1.650% | $5.7M | $9.1M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0100% | 24h | 65.598 | +1.542% | $718K | $38.7M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.571 | +1.500% | $467K | $567K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.560 | +1.483% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.630 | +1.591% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | +1.684% | $1.6M | $1.9M | 20x | as long as short |
| Aster XAGUSDT | +0.0107% | 4h | 65.590 | +1.529% | $2.7M | $1.1M | 100x | as long as short |
| Binance XAGUSDT | +0.0109% | 4h | 65.580 | +1.514% | $191.2M | $864.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0110% | 4h | 65.560 | +1.483% | $121.4M | $163.2M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0112% | 1h | 65.577 | +1.510% | $47K | — | 10x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.620 | +1.576% | $1.2M | $4.9M | 20x | as long as short |
| edgeX XAGUSDC | +0.0118% | 4h | 65.679 | +1.667% | $669K | $314K | 30x | as long as short |
| Bybit XAGUSDTshort | +0.0120% | 4h | 65.580 | +1.514% | $30.6M | $48.2M | 150x | |
| Phoenix SILVER | +0.0122% | 1h | 65.626 | +1.585% | $55K | $14K | 25x | as long as short |
| GRVT XAG_USDT_Perp | +0.0132% | 4h | 65.670 | +1.653% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0140% | 1h | 65.575 | +1.506% | $1.2M | $3.6M | 10x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.580 | +1.514% | $5.1M | $11.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0208% | 1h | 65.617 | +1.571% | $44K | $73K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0212% | 8h | 65.570 | +1.498% | $27.9M | $85.6M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 65.614 | +1.566% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0242% | 4h | 65.570 | +1.498% | $23.1M | $52.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 65.607 | +1.556% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0270% / S −0.0238% | 1h | 65.585 | +1.522% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0350% | 4h | 65.680 | +1.669% | $2.7M | $772K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0548% | 1h | 65.563 | +1.487% | $1.0M | $943K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Variational Omni XAG
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Aster XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
RISEx XAG/USDC
edgeX XAGUSDC
Phoenix SILVER
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD