Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%
Price spread now: tradeXYZ against Injective−1.708%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 1.708% cheaper against Injective than usual: you would sell low and buy high (spread −1.708% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$171 on $10k: about 11 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.132% in total) that is about 3 months.
| 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 | 31m 17s | $11K | $94K | 52x |
| Short | tradeXYZ xyz:SILVER | 65.266 | 0.0050 | get 0.0006% / 1h | 31m 17s | $169.6M | $81.7M | 25x |
Injective XAG/USDC PERP
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.5
- Price spread: −1.708% → 0.000%
- −$170.78
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$185.3
- Costs to cover
- 0.180%
- Break-even
- 377.6 days
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.08 bp | 9.8 bp −$10 | 9.9 bp −$99 | 11.8 bp −$1,178 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.295 | −1.664% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0036% | 1h | 65.190 | −1.822% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.242 | −1.744% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.310 | −1.642% | $27.8M | $39.3M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.290 | −1.672% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.350 | −1.581% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.320 | −1.627% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | −1.608% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.241 | −1.745% | $118K | — | 250x | as long as short |
| Aster XAGUSDT | +0.0024% | 4h | 65.300 | −1.657% | $2.7M | $928K | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
gTrade (Gains Network) XAG/USD
Aster XAGUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAGUSDT | +0.0026% | 4h | 65.309 | −1.643% | $191.6M | $753.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0026% | 4h | 65.300 | −1.657% | $120.8M | $157.7M | 1000x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.301 | −1.656% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.246 | −1.738% | $5.0M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 66.400 | long leg | $11K | $94K | 52x | |
| Gate XAG_USDT | +0.0034% | 4h | 65.320 | −1.627% | $140.7M | $178.4M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | −1.611% | $786K | $2.9M | 40x | as long as short |
| Aevo XAG-PERP | +0.0040% | 1h | 65.292 | −1.668% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0044% | 4h | 65.324 | −1.621% | $665K | $314K | 30x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.290 | −1.672% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.717 | −1.029% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0050% | 1h | 65.266 | −1.708% | $169.6M | $81.7M | 25x | |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.272 | −1.699% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.244 | −1.741% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.286 | −1.677% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.316 | −1.633% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.256 | −1.723% | $466K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.300 | −1.657% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.255 | −1.724% | $464K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.270 | −1.702% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.240 | −1.747% | $111K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0107% | 4h | 65.350 | −1.581% | $2.7M | $574K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.315 | −1.634% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.372 | −1.548% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 65.300 | −1.657% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.274 | −1.695% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.303 | −1.652% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0166% | 8h | 65.310 | −1.642% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0183% | 1h | 65.293 | −1.667% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.255 | −1.724% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.290 | −1.672% | $65K | $391K | 20x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 65.305 | −1.649% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.305 | −1.649% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.270 | −1.702% | $1.0M | $868K | 25x | as long as short |
Binance XAGUSDT
MEXC SILVER_USDT
Lighter RH XAG
Extended XAG-USD
Gate XAG_USDT
StandX XAG-USD
Aevo XAG-PERP
edgeX XAGUSDC
QFEX SILVER-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD