XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against ApeX Omni+0.107%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.107%, 7d avg −0.009%

Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.116% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.009%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.003% in total) that is about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.110	0.0100	pay 0.0013% / 1h	49m 16s	$113K	$77K	50x
Short	Lighter XAG	66.181	0.0032	get 0.0004% / 1h	49m 16s	$5.2M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$14.28
Price spread: +0.107% → −0.009%: $11.62
Slippage, 4 orders: −$30.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.81
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; Lighter: live order book, 4 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 ApeX Omni live order book, 31 min ago	9.08 bp	19.5 bp −$20	53.8 bp −$538	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.23 bp	0.6 bp −$1	1.8 bp −$18	7.5 bp −$749	21.8 bp −$10.9K

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.184	+0.112%	$777K	$593K	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	66.159	+0.074%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	+0.017%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.151%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.210	+0.151%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.121%	$146.4M	$171.3M	100x	as long as short
Bitget XAGUSDT	0.0000%	4h	66.220	+0.166%	$23.7M	$48.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.166%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.212%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.151%	$1.5M	$247K	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.152	+0.063%	$120K	—	10x	as long as short
Aster XAGUSDT	+0.0005%	4h	66.207	+0.147%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	+0.150%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.200	+0.136%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	+0.120%	$5.4M	$10.7M	—	as long as short
Lighter XAGshort	+0.0032%	1h	66.181	+0.107%	$5.2M	$10.7M	25x
Lighter RH XAG	+0.0032%	1h	66.171	+0.093%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.157	+0.071%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.439%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.210	+0.151%	$116.5M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	+0.091%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	66.210	+0.151%	$189.3M	$760.9M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.644	+0.808%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.158	+0.073%	$164.1M	$91.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.175	+0.098%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.147	+0.056%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.130	+0.030%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.165	+0.083%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.205	+0.144%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	+0.122%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	+0.106%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.124	+0.021%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0074%	1h	66.139	+0.044%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0091%	8h	66.196	+0.130%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.157	+0.071%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	+0.091%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.110	long leg	$113K	$77K	50x
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.200	+0.136%	$1.9M	$889K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0139%	8h	66.230	+0.182%	$27.3M	$67.6M	50x	as long as short
Nado XAG-PERP	+0.0141%	1h	66.155	+0.068%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0162%	1h	66.223	+0.171%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.225	+0.174%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0657%	1h	66.230	+0.182%	$60K	$357K	20x	as long as short