Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.036%
Price spread now: OKX against Injective−0.633%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. OKX is 0.633% cheaper against Injective than usual: you would sell low and buy high (spread −0.633% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 11 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.071% in total) that is about 2 months. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. 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 | Injective XAG/USDC PERP | 66.400 | 0.0033 | pay 0.0004% / 1h | 40m 20s | $11K | $94K | 52x |
| Short | OKX XAG-USDT-SWAP | 65.980 | 0.0233 | get 0.0233% / 8h | 3h 40m | $27.7M | $64.8M | 50x |
Injective XAG/USDC PERP
OKX XAG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $41.95
- Price spread: −0.633% → 0.000%
- −$63.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.32
- Costs to cover
- 0.100%
- Break-even
- 12.2 days
Slippage unknown: Injective: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.76 bp | 6.2 bp −$6 | 7.8 bp −$78 | 13.6 bp −$1,359 | 81.5 bp −$40.7K |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0043% | 1h | 65.830 | −0.858% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.934 | −0.702% | $14K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.990 | −0.617% | $149.5M | $163.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.980 | −0.633% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.010 | −0.587% | $1.0M | $966K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.980 | −0.633% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.911 | −0.736% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.961 | −0.661% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.915 | −0.731% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 66.400 | long leg | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.970 | −0.648% | $793K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.397 | −0.005% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.937 | −0.697% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.946 | −0.684% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.916 | −0.729% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 65.942 | −0.690% | $165.9M | $73.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.960 | −0.663% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.930 | −0.708% | $539K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.889 | −0.770% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.975 | −0.639% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.914 | −0.733% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.940 | −0.693% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.920 | −0.723% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0112% | 1h | 65.970 | −0.647% | $5.2M | $10.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0117% | 8h | 65.970 | −0.648% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0130% | 4h | 66.000 | −0.602% | $27.4M | $36.5M | 150x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.970 | −0.648% | $2.7M | $871K | 100x | as long as short |
| Nado XAG-PERP | +0.0180% | 1h | 65.937 | −0.697% | $1.4M | $6.0M | 10x | as long as short |
| Aevo XAG-PERP | +0.0184% | 1h | 65.973 | −0.643% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0188% | 4h | 65.963 | −0.657% | $5.6M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0202% | 4h | 65.970 | −0.648% | $112.8M | $152.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0202% | 4h | 65.980 | −0.633% | $191.0M | $702.5M | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 65.960 | −0.663% | $75K | $363K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | −0.678% | $1.8M | $1.0M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 65.939 | −0.695% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0218% | 4h | 66.022 | −0.570% | $394K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0219% | 4h | 65.962 | −0.660% | $669K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAPshort | +0.0233% | 8h | 65.980 | −0.633% | $27.7M | $64.8M | 50x | |
| Bullet SILVER-USD | +0.0236% | 1h | 65.990 | −0.617% | $45K | $76K | 10x | as long as short |
| BloFin XAG-USDT | +0.0238% | 4h | 65.960 | −0.663% | $2.6M | $556K | 100x | as long as short |
| Bitget XAGUSDT | +0.0242% | 4h | 65.980 | −0.633% | $23.9M | $45.3M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.912 | −0.736% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 65.985 | −0.625% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 65.940 | −0.693% | $910K | $683K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
edgeX XAGUSDC
Bullet SILVER-USD
BloFin XAG-USDT
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD