XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against BloFin0.000%109s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as 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−$150.150% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now 0.000%, 7d avg −0.033%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.033% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.033%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.208%, so the current rate has only just turned against you. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.140	0.0240	pay 0.0120% / 4h	39m 22s	$2.6M	$554K	100x
Short	MEXC SILVER_USDT	66.140	0.0212	get 0.0106% / 4h	39m 22s	$109.0M	$152.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$5.78
Price spread: 0.000% → −0.033%: $3.34
Slippage, 4 orders: −$3.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.46
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; MEXC: 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 BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	10.4 bp −$1,041	18.4 bp −$9,198
Sell MEXC live order book, 5 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.8 bp −$1,403

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	66.085	−0.083%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.150	+0.015%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.130	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.015%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	0.000%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.059	−0.122%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.121	−0.029%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.060	−0.120%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.393%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	0.000%	$796K	$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	66.560	+0.635%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.105	−0.053%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.044	−0.145%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.166%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.130	−0.015%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.088	−0.079%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.074	−0.100%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.089	−0.077%	$508K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.080	−0.091%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.030%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	66.106	−0.051%	$165.5M	$73.8M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.133	−0.011%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.133	−0.011%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.150	+0.015%	$27.0M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0151%	8h	66.130	−0.015%	$30K	$1K	5x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.065	−0.113%	$1.3M	$6.5M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.122	−0.027%	$47K	—	10x	as long as short
Lighter XAG	+0.0200%	1h	66.133	−0.011%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.015%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0202%	4h	66.133	−0.011%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDTshort	+0.0212%	4h	66.140	0.000%	$109.0M	$152.4M	1000x
Binance XAGUSDT	+0.0215%	4h	66.140	0.000%	$192.8M	$701.3M	100x	as long as short
edgeX XAGUSDC	+0.0226%	4h	66.170	+0.046%	$671K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0230%	8h	66.140	0.000%	$27.7M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0231%	1h	66.101	−0.059%	$80K	$37K	10x	as long as short
BloFin XAG-USDTlong	+0.0240%	4h	66.140	long leg	$2.6M	$554K	100x
Bitget XAGUSDT	+0.0256%	4h	66.140	0.000%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.144	+0.006%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0314%	1h	66.145	+0.008%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	66.075	−0.099%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.090	−0.076%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0373% / S −0.0406%	1h	66.135	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.099	−0.062%	$912K	$676K	25x	as long as short