Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.073%
Price spread now: Hotstuff against Coinbase International−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.087% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 65.690 | 0.0176 | pay 0.0022% / 1h | 4m 41s | $1.6M | $1.3M | 20x |
| Short | Hotstuff SILVER-PERP | 65.633 | 0.0056 | get 0.0007% / 1h | 4m 41s | $35K | $21K | 20x |
Coinbase International SILVER-PERP-INTX
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Coinbase International. 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
- −$25.2
- Price spread: −0.087% → 0.000%
- −$8.68
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$48.88
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Hotstuff: 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 Coinbase International live order book, 4 min ago | 0.76 bp | 5.8 bp −$6 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | −0.0040% | 1h | 65.660 | −0.046% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0004% | 1h | 65.530 | −0.244% | $5.7M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.582 | −0.165% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.650 | −0.061% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.690 | 0.000% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.630 | −0.091% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.587 | −0.157% | $119K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.657 | −0.051% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.624 | −0.100% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.575 | −0.174% | $5.1M | $11.7M | 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
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.081% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.609 | −0.123% | $56K | $26K | 25x | as long as short |
| Gate XAG_USDT | +0.0040% | 4h | 65.640 | −0.076% | $144.3M | $181.3M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.690 | 0.000% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.079 | +0.592% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.602 | −0.134% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.571 | −0.181% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.630 | −0.091% | $152K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERPshort | +0.0056% | 1h | 65.633 | −0.087% | $35K | $21K | 20x | |
| Paradex XAG-USD-PERP | +0.0062% | 8h | 65.636 | −0.083% | $29K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0074% | 4h | 65.640 | −0.076% | $2.7M | $944K | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0076% | 1h | 65.600 | −0.137% | $170.9M | $82.3M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.626 | −0.097% | $461K | $29.3M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0098% | 4h | 65.650 | −0.061% | $28.9M | $39.2M | 150x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.609 | −0.123% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.600 | −0.137% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.680 | −0.015% | $112K | $23K | 50x | as long as short |
| Variational Omni XAG | +0.0120% | 4h | 65.674 | −0.025% | $5.5M | $9.5M | — | as long as short |
| Binance XAGUSDT | +0.0124% | 4h | 65.631 | −0.090% | $188.7M | $745.5M | 100x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.626 | −0.098% | $5.4M | $11.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.618 | −0.109% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.620 | −0.107% | $112.6M | $162.3M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0148% | 4h | 65.729 | +0.059% | $669K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0149% | 1h | 65.623 | −0.101% | $1.3M | $5.6M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0176% | 1h | 65.690 | long leg | $1.6M | $1.3M | 20x | |
| GRVT XAG_USDT_Perp | +0.0194% | 4h | 65.738 | +0.072% | $389K | $1.5M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.617 | −0.111% | $79K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.610 | −0.122% | $66K | $368K | 20x | as long as short |
| Bitget XAGUSDT | +0.0210% | 4h | 65.640 | −0.076% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0211% | 8h | 65.640 | −0.076% | $27.9M | $70.1M | 50x | as long as short |
| Bullet SILVER-USD | +0.0236% | 1h | 65.651 | −0.060% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.635 | −0.084% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0369% | 4h | 65.660 | −0.046% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0470% | 1h | 65.595 | −0.145% | $915K | $735K | 25x | as long as short |
Injective XAG/USDC PERP
Phoenix SILVER
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Aster XAGUSDT
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Bybit XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Binance XAGUSDT
Lighter XAG
Aevo XAG-PERP
MEXC SILVER_USDT
edgeX XAGUSDC
Nado XAG-PERP
GRVT XAG_USDT_Perp
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD