XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.012%

Price spread now: Binance against Bybit−0.030%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 2 days (all we have)+0.024%+$2 · spread now −0.030%, 7d avg −0.017%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.340	0.0151	pay 0.0075% / 4h	2h 03m	$26.6M	$36.5M	150x
Short	Binance XAGUSDT	66.320	0.0186	get 0.0093% / 4h	2h 03m	$192.3M	$707.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.030%Rate

Funding earned: $7.39
Price spread: −0.030% → −0.017%: −$1.27
Slippage, 4 orders: −$3.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.24
Costs to cover: 0.244%
Break-even: 24.3 days

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 10 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 Bybit live order book, 5 min ago	0.75 bp	6.3 bp −$6	8.5 bp −$85	14.0 bp −$1,404	60.9 bp −$30.4K
Sell Binance live order book, 10 min ago	0.75 bp	5.8 bp −$6	6.3 bp −$63	10.1 bp −$1,007	23.2 bp −$11.6K

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
dYdX XAG-USD	0.0000%	1h	66.241	−0.150%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.280	−0.090%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.340	0.000%	$151.9M	$165.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	0.000%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.370	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.340	0.000%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.261	−0.118%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.301	−0.059%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.269	−0.106%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.320	−0.030%	$798K	$2.9M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.260	−0.121%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.762	+0.636%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.266	−0.112%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.307	−0.050%	$3.9M	$671K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.257	−0.125%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.360	+0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.288	−0.078%	$550K	$24.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.370	+0.045%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.273	−0.101%	$165.8M	$75.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.262	−0.118%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.290	−0.075%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.106%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.337	−0.005%	$2.7M	$937K	100x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.341	+0.002%	$30K	$1K	5x	as long as short
Bybit XAGUSDTlong	+0.0151%	4h	66.340	long leg	$26.6M	$36.5M	150x
Aevo XAG-PERP	+0.0168%	1h	66.323	−0.026%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0170%	4h	66.313	−0.040%	$5.5M	$9.8M	—	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.330	−0.015%	$111.1M	$159.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.280	−0.090%	$1.9M	$970K	20x	as long as short
Binance XAGUSDTshort	+0.0186%	4h	66.320	−0.030%	$192.3M	$707.3M	100x
Lighter XAG	+0.0192%	1h	66.307	−0.050%	$5.3M	$10.7M	25x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.297	−0.065%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	66.320	−0.030%	$27.8M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.308	−0.049%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.265	−0.114%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.297	−0.065%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.320	−0.030%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0262%	4h	66.279	−0.092%	$392K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.346	+0.009%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0325% / S −0.0333%	1h	66.335	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.310	−0.045%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.306	−0.052%	$765K	$478K	25x	as long as short