Funding you earn now, next payment 04:00 UTC−0.0256%/8h= −28.0% APRnext payment −$1.28 per $10,000 · paid last 24h −0.064%
Price spread now: SunX against Bitget+0.076%60s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.076%, 7d avg +0.012%
=The price spread pays, funding is against you. SunX is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.012%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.117% in total) that is about 3.8 days. The two prices were read 60 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 -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.28 per $10,000. 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 | Bitget XAGUSDT | 66.050 | 0.0256 | pay 0.0128% / 4h | 12m 24s | $23.8M | $45.4M | 100x |
| Short | SunX XAG-USDT | 66.100 | 0 | get 0.0000% / 4h | 12m 24s | $2K | $2.7M | 20x |
Bitget XAGUSDT
SunX XAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bitget. 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
- −$53.76
- Price spread: +0.076% → +0.012%
- $6.4
- Slippage, 4 orders
- −$61.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$128.42
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; SunX: 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 Bitget live order book, 2 min ago | 0.76 bp | 7.4 bp −$7 | 8.6 bp −$86 | 17.6 bp −$1,761 | 53.3 bp −$26.7K |
| Sell SunX live order book, 5 min ago | 29.48 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
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 | 66.018 | −0.048% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.070 | +0.030% | $150.0M | $163.7M | 100x | as long as short |
| SunX XAG-USDTshort | 0.0000% | 4h | 66.100 | +0.076% | $2K | $2.7M | 20x | |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.121% | $1.0M | $971K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.120 | +0.106% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.981 | −0.104% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.053 | +0.005% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.000 | −0.076% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.530% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.100 | +0.076% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0043% | 1h | 65.960 | −0.136% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.489 | +0.665% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.052 | +0.003% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.021 | −0.044% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.016 | −0.051% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.060 | +0.015% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.025 | −0.038% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.065 | +0.023% | $546K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.023 | −0.041% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.040 | −0.015% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | +0.015% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0125% | 1h | 66.018 | −0.048% | $165.7M | $74.3M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.075 | +0.038% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.066 | +0.024% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.069 | +0.029% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0167% | 4h | 66.070 | +0.030% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.064 | +0.021% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.051 | +0.002% | $47K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0193% | 4h | 66.120 | +0.106% | $2.6M | $554K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.170 | +0.182% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0203% | 4h | 66.163 | +0.172% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.060 | +0.015% | $110.5M | $153.0M | 1000x | as long as short |
| Nado XAG-PERP | +0.0211% | 1h | 66.008 | −0.063% | $1.4M | $6.4M | 10x | as long as short |
| Binance XAGUSDT | +0.0211% | 4h | 66.058 | +0.012% | $192.2M | $700.8M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.060 | +0.014% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | +0.064% | $671K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0233% | 8h | 66.070 | +0.030% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDTlong | +0.0256% | 4h | 66.050 | long leg | $23.8M | $45.4M | 100x | |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.094 | +0.067% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.061 | +0.017% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.030 | −0.030% | $62K | $349K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.065 | +0.023% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0384% | 1h | 66.050 | 0.000% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.069 | +0.028% | $912K | $683K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
Nado XAG-PERP
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD