XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0204%/8h= −22.3% APRnext payment −$1.02 per $10,000 · paid last 24h −0.020%

Price spread now: SunX against Bybit+0.108%56s7-day average +0.005% · you sell dearer than you buy

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−$810.806% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.108%, 7d avg +0.005%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.103% dearer against Bybit than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.005%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.042% in total) that is about 17 days. 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 -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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	Bybit XAGUSDT	64.750	0.0204	pay 0.0102% / 4h	3h 28m	$29.6M	$43.1M	150x
Short	SunX XAG-USDT	64.820	0	get 0.0000% / 4h	3h 28m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$42.8
Price spread: +0.108% → +0.005%: $10.26
Slippage, 4 orders: −$61.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.14
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 9 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	0.77 bp	6.3 bp −$6	7.9 bp −$79	17.6 bp −$1,763	62.5 bp −$31.2K
Sell SunX live order book, 9 min ago	30.03 bp	34.0 bp −$34	63.0 bp −$630	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	64.734	−0.024%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	64.740	−0.015%	$139.1M	$185.3M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	64.820	+0.108%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	64.850	+0.154%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.800	+0.077%	$1.4M	$325K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.663	−0.134%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0017%	4h	64.834	+0.130%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.720	−0.046%	$4.5M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.675	−0.115%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.548%	$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	64.760	+0.015%	$779K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.162	+0.636%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.700	−0.077%	$447K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.630	−0.185%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.732	−0.028%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.640	−0.170%	$5.6M	$9.9M	25x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	64.720	−0.046%	$121.1M	$158.9M	1000x	as long as short
edgeX XAGUSDC	+0.0058%	4h	64.839	+0.137%	$660K	$315K	30x	as long as short
Binance XAGUSDT	+0.0058%	4h	64.722	−0.043%	$196.5M	$780.6M	100x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	64.728	−0.034%	$29K	$166	5x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.799	+0.076%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0077%	4h	64.729	−0.033%	$2.6M	$1.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.710	−0.062%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.815	+0.100%	$485K	$34.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	64.680	−0.108%	$461K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.680	−0.108%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.810	+0.093%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.908	+0.244%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0129%	1h	64.694	−0.086%	$172.6M	$88.5M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.730	−0.031%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0160%	4h	64.830	+0.124%	$386K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0161%	1h	64.684	−0.103%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	64.740	−0.015%	$28.7M	$74.4M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	64.710	−0.062%	$23.3M	$47.0M	100x	as long as short
Bybit XAGUSDTlong	+0.0204%	4h	64.750	long leg	$29.6M	$43.1M	150x
Deribit SILVER_USDC-PERPETUAL	+0.0213%	1h	64.770	+0.031%	$76K	$431K	20x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	64.788	+0.059%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.748	−0.004%	$5.2M	$11.1M	25x	as long as short
BloFin XAG-USDT	+0.0231%	4h	64.840	+0.139%	$2.7M	$667K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	64.805	+0.085%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0296%	1h	64.745	−0.008%	$45K	$75K	10x	as long as short
Hotstuff SILVER-PERP	+0.0304%	1h	64.747	−0.005%	$34K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.725	−0.038%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.782	+0.050%	$1.0M	$891K	25x	as long as short