XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.026%

Price spread now: Deribit against Coinbase International+0.185%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.185%, 7d avg +0.021%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.163% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	64.970	0.0096	pay 0.0012% / 1h	20m 56s	$1.6M	$1.4M	20x
Short	Deribit SILVER_USDC-PERPETUAL	65.090	0.0211	get 0.0026% / 1h	20m 56s	$65K	$394K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.185%Rate

Funding earned: $24.17
Price spread: +0.185% → +0.021%: $16.33
Slippage, 4 orders: −$10.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $12.59
Costs to cover: 0.279%
Break-even: 3.4 days

Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 18 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 Coinbase International live order book, 3 min ago	0.77 bp	6.2 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell Deribit live order book, 18 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	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
Hotstuff SILVER-PERP	−0.0056%	1h	65.059	+0.137%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0033%	1h	64.990	+0.031%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	+0.154%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.140	+0.262%	$27.7M	$39.2M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.043	+0.112%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.130	+0.246%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.292%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.130	+0.246%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.069	+0.152%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.130	+0.246%	$140.4M	$180.8M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0030%	4h	65.110	+0.215%	$124.9M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0030%	4h	65.121	+0.232%	$191.5M	$757.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.118	+0.228%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.053	+0.127%	$5.0M	$11.7M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.120	+0.231%	$2.7M	$971K	100x	as long as short
edgeX XAGUSDC	+0.0033%	4h	65.105	+0.207%	$663K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.201%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.140	+0.262%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	+0.185%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.530	+0.862%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.114	+0.222%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.087	+0.180%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.055	+0.131%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.085	+0.178%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	65.084	+0.175%	$172.9M	$84.4M	25x	as long as short
Phoenix SILVER	+0.0061%	1h	65.047	+0.119%	$55K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.084	+0.175%	$476K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	64.970	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.041	+0.109%	$463K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	+0.169%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.080	+0.169%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.115	+0.223%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0120%	4h	65.140	+0.262%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.067	+0.149%	$386K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.120	+0.231%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.082	+0.173%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0169%	8h	65.130	+0.246%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0176%	1h	65.119	+0.229%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	65.096	+0.194%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0211%	1h	65.090	+0.185%	$65K	$394K	20x
Bullet SILVER-USD	+0.0230%	1h	65.098	+0.197%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.044	+0.114%	$20K	$17K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	+0.254%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.097	+0.195%	$1.0M	$869K	25x	as long as short