Funding you earn now, next payment 04:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.053%
Price spread now: Deribit against RISEx−0.047%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$170.175% of the position
Funding, last 4 days (all we have)+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.047%, 7d avg −0.015%
=Funding pays, the price is against you. Deribit is 0.032% cheaper against RISEx than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.015%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.061% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.061% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx XAG/USDC | 66.061 | 0.0137 | pay 0.0017% / 1h | 11m 36s | $1.3M | $4.5M | 20x |
| Short | Deribit SILVER_USDC-PERPETUAL | 66.030 | 0.0356 | get 0.0045% / 1h | 11m 36s | $62K | $349K | 20x |
RISEx XAG/USDC
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against RISEx. 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
- $46.04
- Price spread: −0.047% → −0.015%
- −$3.16
- Slippage, 4 orders
- −$4.48
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $25.4
- Costs to cover
- 0.175%
- Break-even
- 3.1 days
Slippage from RISEx: live order book, 2 min ago; Deribit: live order book, 47 min ago.
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 RISEx live order book, 2 min ago | 1.48 bp | 4.5 bp −$4 | 5.8 bp −$58 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 0.76 bp | 4.3 bp −$4 | 5.9 bp −$59 | doesn't fit | doesn't fit |
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 | 66.018 | −0.065% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.080 | +0.029% | $150.1M | $163.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.050 | −0.016% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.105% | $1.0M | $969K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.090 | +0.044% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.981 | −0.121% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.046 | −0.023% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.993 | −0.103% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.513% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.100 | +0.059% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0042% | 1h | 65.950 | −0.168% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.489 | +0.648% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.052 | −0.013% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.021 | −0.060% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.980 | −0.122% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.060 | −0.001% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.025 | −0.054% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.038 | −0.035% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.005 | −0.085% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | −0.047% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | −0.001% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0125% | 1h | 66.027 | −0.051% | $165.8M | $74.3M | 25x | as long as short |
| RISEx XAG/USDClong | +0.0137% | 1h | 66.061 | long leg | $1.3M | $4.5M | 20x | |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.056 | −0.007% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.060 | −0.001% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0168% | 4h | 66.080 | +0.029% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.051 | −0.015% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.051 | −0.014% | $47K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0193% | 4h | 66.120 | +0.090% | $2.6M | $554K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.040 | −0.032% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0203% | 4h | 66.163 | +0.155% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.060 | −0.001% | $110.7M | $153.0M | 1000x | as long as short |
| Nado XAG-PERP | +0.0211% | 1h | 66.008 | −0.080% | $1.4M | $6.4M | 10x | as long as short |
| Binance XAGUSDT | +0.0212% | 4h | 66.070 | +0.014% | $192.6M | $700.2M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.060 | −0.002% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | +0.048% | $671K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 66.070 | +0.014% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.070 | +0.014% | $23.8M | $45.4M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.094 | +0.050% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.061 | +0.001% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0356% | 1h | 66.030 | −0.047% | $62K | $349K | 20x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.065 | +0.006% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0384% | 1h | 66.050 | −0.016% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.028 | −0.049% | $912K | $683K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
Nado XAG-PERP
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD