Funding you earn now, next payment 04:00 UTC−0.0344%/8h= −37.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.064%
Price spread now: Lighter RH against Hibachi+0.100%7-day average — · you sell dearer than you buy
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
=Together, before fees—+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm boardneeds both histories
The price spread pays, funding is against you. Lighter RH is 0.100% dearer against Hibachi than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 66.060 | 0.0376 | pay 0.0047% / 1h | 33m 24s | $20K | $19K | 10x |
| Short | Lighter RH XAG | 66.126 | 0.0032 | get 0.0004% / 1h | 33m 24s | $4.7M | $9.4M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hibachi. 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
- −$72.24
- Price spread: +0.100% → 0.000%
- $10.01
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$71.23
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hibachi: no order-book sample; Lighter RH: live order book, 5 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 1.44 bp | 1.5 bp −$1 | 2.0 bp −$20 | 20.4 bp −$2,043 | doesn't fit |
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 | 66.022 | −0.057% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.170 | +0.167% | $150.2M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.140 | +0.121% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.160 | +0.151% | $1.0M | $978K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.130 | +0.106% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.074 | +0.021% | $121K | — | 250x | as long as short |
| Lighter RH XAGshort | +0.0032% | 1h | 66.126 | +0.100% | $4.7M | $9.4M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 66.077 | +0.026% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.515% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.120 | +0.091% | $795K | $3.0M | 40x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.573 | +0.777% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.114 | +0.082% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.115 | +0.083% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.052 | −0.012% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.020 | −0.061% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.140 | +0.121% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.080 | +0.030% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0069% | 24h | 66.085 | +0.038% | $518K | $25.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.091 | +0.047% | $470K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.110 | +0.076% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.050 | −0.015% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 66.119 | +0.089% | $165.5M | $74.0M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.146 | +0.130% | $1.3M | $4.5M | 20x | as long as short |
| Aster XAGUSDT | +0.0145% | 4h | 66.105 | +0.068% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0151% | 8h | 66.145 | +0.129% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0160% | 4h | 66.160 | +0.151% | $27.0M | $36.1M | 150x | as long as short |
| Nado XAG-PERP | +0.0196% | 1h | 66.092 | +0.048% | $1.3M | $6.5M | 10x | as long as short |
| Lighter XAG | +0.0200% | 1h | 66.131 | +0.108% | $5.2M | $10.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0200% | 1h | 66.140 | +0.121% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.106% | $1.8M | $999K | 20x | as long as short |
| BloFin XAG-USDT | +0.0201% | 4h | 66.110 | +0.076% | $2.6M | $554K | 100x | as long as short |
| Variational Omni XAG | +0.0210% | 4h | 66.123 | +0.096% | $5.6M | $9.7M | — | as long as short |
| MEXC SILVER_USDT | +0.0216% | 4h | 66.150 | +0.136% | $109.3M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0216% | 4h | 66.150 | +0.136% | $192.8M | $700.8M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0229% | 1h | 66.095 | +0.052% | $80K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0231% | 8h | 66.160 | +0.151% | $27.8M | $65.5M | 50x | as long as short |
| edgeX XAGUSDC | +0.0235% | 4h | 66.098 | +0.058% | $671K | $312K | 30x | as long as short |
| Bitget XAGUSDT | +0.0260% | 4h | 66.150 | +0.136% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.121 | +0.092% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0309% | 1h | 66.163 | +0.156% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.100 | +0.061% | $62K | $348K | 20x | as long as short |
| Hibachi XAG/USDT-Plong | +0.0376% | 1h | 66.060 | long leg | $20K | $19K | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0376% / S −0.0411% | 1h | 66.155 | +0.144% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.088 | +0.042% | $912K | $676K | 25x | as long as short |
Lighter RH XAG
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Lighter XAG
Coinbase International SILVER-PERP-INTX
BloFin XAG-USDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
edgeX XAGUSDC
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD