Funding you earn now, next payment 08:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.059%
Price spread now: Deribit against Paradex−0.050%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
=Funding pays, the price is against you. Deribit is 0.050% cheaper against Paradex than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XAG-USD-PERP | 65.092 | 0.0053 | pay 0.0053% / 8h | 7m 53s | $29K | $1K | 5x |
| Short | Deribit SILVER_USDC-PERPETUAL | 65.060 | 0.0211 | get 0.0026% / 1h | 7m 53s | $65K | $397K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Paradex. 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
- $33.15
- Price spread: −0.050% → 0.000%
- −$4.98
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $17.17
- Costs to cover
- 0.110%
- Break-even
- 3.4 days
Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 31 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 31 min ago | 0.76 bp | 4.3 bp −$4 | 4.6 bp −$46 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0028% | 1h | 65.000 | −0.142% | $5.7M | $9.9M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.061 | −0.049% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.070 | −0.034% | $27.7M | $39.1M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.227 | +0.207% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.110 | +0.027% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.160 | +0.104% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.110 | +0.027% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.035 | −0.088% | $118K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 65.121 | +0.044% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | +0.0028% | 4h | 65.080 | −0.019% | $140.3M | $181.7M | 100x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.099 | +0.010% | $4.6M | $10.0M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.024 | −0.105% | $5.0M | $11.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.009% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.070 | −0.034% | $124.3M | $162.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0034% | 4h | 65.060 | −0.050% | $191.1M | $756.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.240 | +0.227% | $785K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0040% | 4h | 65.067 | −0.038% | $2.6M | $981K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.110 | +0.027% | $170K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.535 | +0.680% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.083 | −0.015% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.081 | −0.018% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.023 | −0.107% | $3K | $6K | 20x | as long as short |
| edgeX XAGUSDC | +0.0050% | 4h | 65.251 | +0.244% | $664K | $312K | 30x | as long as short |
| Paradex XAG-USD-PERPlong | +0.0053% | 8h | 65.092 | long leg | $29K | $1K | 5x | |
| Phoenix SILVER | +0.0061% | 1h | 65.211 | +0.182% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0069% | 1h | 65.053 | −0.061% | $172.9M | $84.5M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.092 | −0.001% | $489K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 64.970 | −0.188% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.058 | −0.052% | $463K | $598K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.030 | −0.096% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.200 | +0.165% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.118 | +0.039% | $1.3M | $4.9M | 20x | as long as short |
| BloFin XAG-USDT | +0.0138% | 4h | 65.150 | +0.088% | $2.7M | $625K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.219 | +0.194% | $394K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0155% | 1h | 65.065 | −0.042% | $1.2M | $4.7M | 10x | as long as short |
| Bitget XAGUSDT | +0.0160% | 4h | 65.060 | −0.050% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0173% | 8h | 65.080 | −0.019% | $28.4M | $70.4M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.102 | +0.015% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0192% | 1h | 65.121 | +0.044% | $78K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0211% | 1h | 65.060 | −0.050% | $65K | $397K | 20x | |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.097 | +0.008% | $20K | $16K | 10x | as long as short |
| Bullet SILVER-USD | +0.0234% | 1h | 65.121 | +0.044% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.105 | +0.019% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0364% | 1h | 65.068 | −0.038% | $1.0M | $869K | 25x | as long as short |
Paradex XAG-USD-PERP
Deribit SILVER_USDC-PERPETUAL
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
MEXC SILVER_USDT
Binance XAGUSDT
StandX XAG-USD
Aster XAGUSDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
edgeX XAGUSDC
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD