Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.015%
Price spread now: Injective against Bybit+1.514%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.514% dearer against Bybit than usual: you sell high and buy low (spread +1.514% now, against zero (this spread has no 7-day history yet)): +$151 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.042% in total) that is about 8 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAGUSDT | 65.410 | 0.0081 | pay 0.0040% / 4h | 2h 26m | $28.2M | $39.0M | 150x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 26m 37s | $11K | $94K | 52x |
Bybit XAGUSDT
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$9.98
- Price spread: +1.514% → 0.000%
- $151.35
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $130.35
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Injective: 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, 2 min ago | 0.76 bp | 7.0 bp −$7 | 9.8 bp −$98 | 17.1 bp −$1,706 | 60.6 bp −$30.3K |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0027% | 1h | 65.290 | −0.183% | $5.6M | $9.4M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.334 | −0.116% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.390 | −0.031% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.430 | +0.031% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.400 | −0.015% | $1.5M | $266K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.312 | −0.150% | $118K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.440 | +0.046% | $1.3M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.419 | +0.013% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.343 | −0.102% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +1.514% | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 65.675 | +0.405% | $56K | $26K | 25x | as long as short |
| Gate XAG_USDT | +0.0038% | 4h | 65.440 | +0.046% | $143.0M | $170.4M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.350 | −0.092% | $786K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.823 | +0.631% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.363 | −0.072% | $3.9M | $710K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.315 | −0.145% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.390 | −0.031% | $154K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.327 | −0.127% | $35K | $21K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 65.393 | −0.026% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0061% | 1h | 65.399 | −0.017% | $166.0M | $78.8M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 65.360 | −0.076% | $522K | $28.0M | 8.1x | as long as short |
| Bybit XAGUSDTlong | +0.0081% | 4h | 65.410 | long leg | $28.2M | $39.0M | 150x | |
| Aster XAGUSDT | +0.0093% | 4h | 65.407 | −0.004% | $2.7M | $937K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.371 | −0.059% | $466K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.380 | −0.046% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.390 | −0.031% | $112K | $30K | 50x | as long as short |
| Lighter XAG | +0.0112% | 1h | 65.422 | +0.019% | $5.3M | $11.1M | 25x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.376 | −0.052% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0137% | 4h | 65.665 | +0.390% | $5.6M | $9.5M | — | as long as short |
| Binance XAGUSDT | +0.0142% | 4h | 65.410 | 0.000% | $190.1M | $729.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0142% | 4h | 65.390 | −0.031% | $112.2M | $157.5M | 1000x | as long as short |
| Nado XAG-PERP | +0.0154% | 1h | 65.329 | −0.124% | $1.3M | $5.5M | 10x | as long as short |
| edgeX XAGUSDC | +0.0155% | 4h | 65.701 | +0.445% | $668K | $311K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.350 | −0.092% | $1.7M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 65.406 | −0.006% | $386K | $1.5M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.360 | −0.076% | $66K | $370K | 20x | as long as short |
| Bitget XAGUSDT | +0.0210% | 4h | 65.430 | +0.031% | $23.3M | $47.7M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 65.420 | +0.015% | $27.4M | $69.3M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 65.610 | +0.306% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0227% | 1h | 65.396 | −0.021% | $43K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0352% | 1h | 65.306 | −0.159% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0355% / S −0.0317% | 1h | 65.395 | −0.023% | $86K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0365% | 4h | 65.420 | +0.015% | $2.6M | $623K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0471% | 1h | 65.360 | −0.077% | $914K | $750K | 25x | as long as short |
Phoenix SILVER
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Hotstuff SILVER-PERP
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
Binance XAGUSDT
MEXC SILVER_USDT
Nado XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD