XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.2% APRnext payment −$0.92 per $10,000 · paid last 24h −0.036%

Price spread now: SunX against Binance−0.032%56s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.786% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.032%, 7d avg +0.012%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.044% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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	Binance XAGUSDT	66.081	0.0184	pay 0.0092% / 4h	3h 22m	$191.2M	$702.2M	100x
Short	SunX XAG-USDT	66.060	0	get 0.0000% / 4h	3h 22m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$38.74
Price spread: −0.032% → +0.012%: −$4.39
Slippage, 4 orders: −$60.58
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$121.72
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 5 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 Binance live order book, 6 min ago	0.76 bp	5.8 bp −$6	6.4 bp −$64	8.8 bp −$881	18.0 bp −$8,989
Sell SunX live order book, 5 min ago	29.53 bp	33.5 bp −$34	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0056%	1h	65.950	−0.199%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.140%	$15K	—	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.060	−0.032%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.060	−0.032%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	−0.017%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.093%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0006%	4h	66.090	+0.013%	$149.9M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.059	−0.034%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.011	−0.106%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.482%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.060	−0.032%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.497	+0.629%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	−0.067%	$166.5M	$73.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.036	−0.068%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	−0.120%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.052	−0.045%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	−0.062%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.179%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	−0.114%	$517K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	−0.023%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.061	−0.031%	$5.2M	$10.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	66.041	−0.061%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.016	−0.099%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.062%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.153%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.100	+0.028%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0129%	4h	66.070	−0.017%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	−0.062%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.064	−0.026%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.026	−0.083%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.104%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDTlong	+0.0184%	4h	66.081	long leg	$191.2M	$702.2M	100x
MEXC SILVER_USDT	+0.0186%	4h	66.070	−0.017%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	65.974	−0.162%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.101%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	−0.047%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.083%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.199%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.080	−0.002%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.080	−0.001%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.080	−0.002%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.168%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.085	+0.006%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	−0.087%	$911K	$683K	25x	as long as short