Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.028%
Price spread now: Binance against Bullet−0.105%53s7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.105% cheaper against Bullet than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | Bullet SILVER-USD | 65.499 | 0.0169 | pay 0.0021% / 1h | 51m 35s | $44K | $76K | 10x |
| Short | Binance XAGUSDT | 65.430 | 0.0096 | get 0.0048% / 4h | 1h 51m | $188.2M | $754.3M | 100x |
Bullet SILVER-USD
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bullet. 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
- −$15.16
- Price spread: −0.105% → 0.000%
- −$10.53
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.69
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Binance: live order book, 7 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.76 bp | 5.8 bp −$6 | 6.1 bp −$61 | 8.6 bp −$857 | 18.8 bp −$9,402 |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0120% | 1h | 65.433 | −0.101% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0048% | 1h | 65.300 | −0.304% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.406 | −0.142% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.490 | −0.014% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.510 | +0.017% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.500 | +0.002% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.431 | −0.104% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0026% | 4h | 65.460 | −0.060% | $142.0M | $177.3M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.416 | −0.127% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.392 | −0.163% | $5.1M | $11.6M | 10x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.376% | $11K | $94K | 52x | as long as short |
| Hotstuff SILVER-PERP | +0.0040% | 1h | 65.460 | −0.060% | $35K | $21K | 20x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.500 | +0.002% | $788K | $3.0M | 40x | as long as short |
| Bybit XAGUSDT | +0.0045% | 4h | 65.450 | −0.075% | $28.5M | $39.4M | 150x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.877 | +0.577% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.430 | −0.105% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.399 | −0.153% | $170.5M | $83.0M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.404 | −0.145% | $3.9M | $716K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.435 | −0.098% | $3K | $6K | 20x | as long as short |
| Aster XAGUSDT | +0.0055% | 4h | 65.450 | −0.075% | $2.7M | $955K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0056% | 1h | 65.460 | −0.060% | $66K | $370K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 65.421 | −0.119% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.438 | −0.093% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.561 | +0.095% | $56K | $31K | 25x | as long as short |
| Lighter XAG | +0.0072% | 1h | 65.413 | −0.131% | $5.4M | $11.2M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.450 | −0.075% | $467K | $29.2M | 8.1x | as long as short |
| MEXC SILVER_USDT | +0.0096% | 4h | 65.420 | −0.121% | $113.3M | $156.4M | 1000x | as long as short |
| Binance XAGUSDTshort | +0.0096% | 4h | 65.430 | −0.105% | $188.2M | $754.3M | 100x | |
| Variational Omni XAG | +0.0096% | 4h | 65.634 | +0.205% | $5.5M | $9.4M | — | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.386 | −0.172% | $467K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.400 | −0.151% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.470 | −0.044% | $112K | $19K | 50x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.473 | −0.040% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0108% | 4h | 65.508 | +0.014% | $667K | $313K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.430 | −0.105% | $1.6M | $1.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0121% | 1h | 65.465 | −0.052% | $1.2M | $5.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.500 | +0.002% | $394K | $1.6M | 25x | as long as short |
| Bullet SILVER-USDlong | +0.0169% | 1h | 65.499 | long leg | $44K | $76K | 10x | |
| Bitget XAGUSDT | +0.0194% | 4h | 65.440 | −0.090% | $23.8M | $46.5M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 65.440 | −0.090% | $27.7M | $70.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0212% | 1h | 65.515 | +0.024% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.475 | −0.037% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0339% | 4h | 65.520 | +0.032% | $2.6M | $618K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0492% | 1h | 65.447 | −0.079% | $917K | $740K | 25x | as long as short |
Injective XAG/USDC PERP
Hotstuff SILVER-PERP
StandX XAG-USD
Bybit XAGUSDT
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Aster XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Paradex XAG-USD-PERP
RISEx XAG/USDC
Phoenix SILVER
Lighter XAG
Kalshi KXSILVERPERP
MEXC SILVER_USDT
Variational Omni XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aevo XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
Nado XAG-PERP
GRVT XAG_USDT_Perp
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD