Funding you earn now, next payment 03:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.004%
Price spread now: tradeXYZ against SoDEX+0.080%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.080% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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 | SoDEX SILVER-USD | 66.111 | 0.0050 | pay 0.0006% / 1h | 59m 27s | $3K | $6K | 20x |
| Short | tradeXYZ xyz:SILVER | 66.164 | 0.0110 | get 0.0014% / 1h | 59m 27s | $165.5M | $73.9M | 25x |
SoDEX SILVER-USD
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against SoDEX. 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
- $12.57
- Price spread: +0.080% → 0.000%
- $8.02
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$5.41
- Costs to cover
- 0.260%
- Break-even
- 10.0 days
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 11 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 11 min ago | 0.08 bp | 9.3 bp −$9 | 10.3 bp −$103 | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.087 | −0.036% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.161 | +0.076% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.220 | +0.165% | $150.0M | $162.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.190 | +0.119% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.190 | +0.119% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.210 | +0.150% | $1.5M | $256K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.106 | −0.007% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.188 | +0.117% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.133 | +0.033% | $5.2M | $11.9M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.437% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
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 | 66.180 | +0.104% | $796K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.627 | +0.781% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.164 | +0.080% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USDlong | +0.0050% | 1h | 66.111 | long leg | $3K | $6K | 20x | |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.050 | −0.092% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.200 | +0.135% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0066% | 24h | 66.153 | +0.064% | $546K | $24.8M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.131 | +0.030% | $56K | $25K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.148 | +0.056% | $471K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.160 | +0.074% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.130 | +0.029% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0110% | 1h | 66.164 | +0.080% | $165.5M | $73.9M | 25x | |
| Aster XAGUSDT | +0.0126% | 4h | 66.200 | +0.135% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0131% | 8h | 66.198 | +0.132% | $30K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.220 | +0.164% | $1.3M | $4.4M | 20x | as long as short |
| Bybit XAGUSDT | +0.0138% | 4h | 66.220 | +0.165% | $26.9M | $36.0M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.167 | +0.085% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0181% | 4h | 66.181 | +0.107% | $5.6M | $9.8M | — | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.194 | +0.126% | $5.2M | $10.4M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.200 | +0.135% | $107.8M | $151.9M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.180 | +0.104% | $1.8M | $1.0M | 20x | as long as short |
| Binance XAGUSDT | +0.0194% | 4h | 66.208 | +0.147% | $192.3M | $704.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0203% | 4h | 66.161 | +0.076% | $671K | $315K | 30x | as long as short |
| Nado XAG-PERP | +0.0207% | 1h | 66.148 | +0.055% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.200 | +0.135% | $27.7M | $65.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0229% | 1h | 66.154 | +0.064% | $80K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0233% | 4h | 66.180 | +0.104% | $2.6M | $551K | 100x | as long as short |
| Bitget XAGUSDT | +0.0240% | 4h | 66.200 | +0.135% | $23.8M | $45.6M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0258% | 4h | 66.190 | +0.119% | $397K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0274% | 1h | 66.179 | +0.103% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.130 | +0.029% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.160 | +0.074% | $63K | $337K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0363% / S −0.0391% | 1h | 66.185 | +0.112% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.147 | +0.055% | $913K | $674K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
BloFin XAG-USDT
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD