Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.037%
Price spread now: Hibachi against Bybit−0.156%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Hibachi is 0.156% cheaper against Bybit than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 3.4 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAGUSDT | 65.390 | 0 | get 0.0000% / 4h | 57m 34s | $27.8M | $39.6M | 150x |
| Short | Hibachi XAG/USDT-P | 65.288 | 0.0152 | get 0.0019% / 1h | 57m 34s | $20K | $18K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Bybit. 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
- $31.92
- Price spread: −0.156% → 0.000%
- −$15.62
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$3.7
- Costs to cover
- 0.200%
- Break-even
- 7.8 days
Slippage unknown: Bybit: live order book, 1 min ago; Hibachi: no order-book sample. 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 Bybit live order book, 1 min ago | 0.76 bp | 6.3 bp −$6 | 8.1 bp −$81 | 14.4 bp −$1,437 | 45.2 bp −$22.6K |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: 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 | 65.293 | −0.148% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDTlong | 0.0000% | 4h | 65.390 | long leg | $27.8M | $39.6M | 150x | |
| SunX XAG-USDT | 0.0000% | 4h | 65.370 | −0.031% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.420 | +0.046% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.380 | −0.015% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.310 | −0.122% | $118K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0009% | 1h | 65.270 | −0.184% | $5.6M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0024% | 1h | 65.360 | −0.046% | $35K | $21K | 20x | as long as short |
| Variational Omni XAG | +0.0030% | 4h | 65.314 | −0.117% | $5.5M | $9.2M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.387 | −0.004% | $4.6M | $9.7M | 25x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.319 | −0.109% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.545% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.410 | +0.031% | $141.4M | $176.1M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | −0.092% | $786K | $2.9M | 40x | as long as short |
| Aster XAGUSDT | +0.0042% | 4h | 65.380 | −0.015% | $2.7M | $958K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.390 | 0.000% | $152K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.764 | +0.572% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.351 | −0.060% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.303 | −0.133% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.369 | −0.032% | $29K | $1K | 5x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 65.380 | −0.015% | $116.9M | $155.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0055% | 4h | 65.390 | 0.000% | $191.6M | $762.9M | 100x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.274 | −0.177% | $56K | $30K | 25x | as long as short |
| edgeX XAGUSDC | +0.0066% | 4h | 65.316 | −0.114% | $665K | $315K | 30x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 65.338 | −0.080% | $170.6M | $83.2M | 25x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.365 | −0.038% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.347 | −0.066% | $483K | $31.5M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.230 | −0.245% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.320 | −0.107% | $469K | $621K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.330 | −0.092% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.260 | −0.199% | $112K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.382 | −0.012% | $1.2M | $4.9M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.325 | −0.100% | $391K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.373 | −0.026% | $5.3M | $11.1M | 25x | as long as short |
| Hibachi XAG/USDT-Pshort | +0.0152% | 1h | 65.288 | −0.156% | $20K | $18K | 10x | |
| Nado XAG-PERP | +0.0167% | 1h | 65.305 | −0.130% | $1.2M | $5.1M | 10x | as long as short |
| Bitget XAGUSDT | +0.0170% | 4h | 65.390 | 0.000% | $23.7M | $45.8M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0182% | 8h | 65.370 | −0.031% | $28.2M | $70.9M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.350 | −0.061% | $66K | $385K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 65.301 | −0.136% | $78K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0222% | 4h | 65.310 | −0.122% | $2.6M | $598K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.375 | −0.023% | $93K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0248% | 1h | 65.372 | −0.028% | $44K | $75K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.342 | −0.074% | $1.0M | $875K | 25x | as long as short |
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Aster XAGUSDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Phoenix SILVER
edgeX XAGUSDC
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Lighter XAG
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Kraken Futures PF_XAGUSD