Funding you earn now, next payment 03:00 UTC−0.0304%/8h= −33.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.066%
Price spread now: SoDEX against Deribit−0.079%7-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 −$9 a day on $10k at the current rate, and SoDEX is 0.079% cheaper against Deribit than usual: you would sell low and buy high (−$8 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 | Deribit SILVER_USDC-PERPETUAL | 66.240 | 0.0354 | pay 0.0044% / 1h | 51m 01s | $50K | $326K | 20x |
| Short | SoDEX SILVER-USD | 66.188 | 0.0050 | get 0.0006% / 1h | 51m 01s | $3K | $6K | 20x |
Deribit SILVER_USDC-PERPETUAL
SoDEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. 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
- −$63.89
- Price spread: −0.079% → 0.000%
- −$7.85
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$86.74
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 13 min ago; SoDEX: 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 Deribit live order book, 13 min ago | 0.75 bp | 7.2 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 43 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 | 66.236 | −0.007% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.290 | +0.075% | $151.7M | $161.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.220 | −0.030% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.280 | +0.060% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.290 | +0.075% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.180 | −0.090% | $121K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0022% | 1h | 66.160 | −0.121% | $5.7M | $9.7M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.254 | +0.022% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.206 | −0.051% | $5.3M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.242% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | +0.0040% | 1h | 66.273 | +0.050% | $35K | $21K | 20x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.390 | +0.226% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.691 | +0.681% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.196 | −0.066% | $3.9M | $673K | 20x | as long as short |
| SoDEX SILVER-USDshort | +0.0050% | 1h | 66.188 | −0.079% | $3K | $6K | 20x | |
| QFEX SILVER-USD | +0.0062% | 1h | 66.230 | −0.015% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.249 | +0.014% | $547K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.303 | +0.095% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0097% | 1h | 66.240 | 0.000% | $165.8M | $74.7M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.219 | −0.032% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.200 | −0.060% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.136% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0138% | 8h | 66.270 | +0.045% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0142% | 4h | 66.240 | 0.000% | $2.7M | $917K | 100x | as long as short |
| Bybit XAGUSDT | +0.0144% | 4h | 66.300 | +0.091% | $26.7M | $36.2M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.244 | +0.006% | $48K | — | 10x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.262 | +0.033% | $5.3M | $10.4M | 25x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.003% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.250 | +0.015% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.260 | +0.030% | $111.5M | $151.7M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.166% | $1.9M | $972K | 20x | as long as short |
| Binance XAGUSDT | +0.0192% | 4h | 66.274 | +0.052% | $192.0M | $705.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0201% | 4h | 66.366 | +0.190% | $673K | $314K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.280 | +0.060% | $27.8M | $65.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0233% | 1h | 66.281 | +0.062% | $80K | $38K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0240% | 1h | 66.320 | +0.121% | $20K | $22K | 10x | as long as short |
| Nado XAG-PERP | +0.0242% | 1h | 66.198 | −0.063% | $1.3M | $6.6M | 10x | as long as short |
| Bitget XAGUSDT | +0.0254% | 4h | 66.280 | +0.060% | $23.9M | $46.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0267% | 1h | 66.250 | +0.014% | $46K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.380 | +0.211% | $393K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0330% / S −0.0341% | 1h | 66.255 | +0.023% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0354% | 1h | 66.240 | long leg | $50K | $326K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.198 | −0.064% | $763K | $475K | 25x | as long as short |
Hotstuff SILVER-PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Aevo XAG-PERP
Lighter XAG
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Nado XAG-PERP
Bitget XAGUSDT
Bullet SILVER-USD
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD