XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.036%

Price spread now: tradeXYZ against Coinbase International+0.008%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.008%, 7d avg −0.028%

Together, before fees−0.202%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.036% dearer against Coinbase International than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.300	0.0096	pay 0.0012% / 1h	34m 33s	$1.6M	$1.4M	20x
Short	tradeXYZ xyz:SILVER	65.305	0.0050	get 0.0006% / 1h	34m 33s	$169.7M	$81.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$9.66
Price spread: +0.008% → −0.028%: $3.56
Slippage, 4 orders: −$4.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.15
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; tradeXYZ: 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 Coinbase International live order book, 4 min ago	0.77 bp	7.4 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.08 bp	9.8 bp −$10	9.9 bp −$99	11.8 bp −$1,178	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	−0.0041%	1h	65.240	−0.092%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.005%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	+0.092%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.061%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.092%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.049%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.015%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.359	+0.091%	$2.7M	$928K	100x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	+0.025%	$35K	$21K	20x	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	+0.0026%	4h	65.330	+0.046%	$118.7M	$157.3M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.350	+0.077%	$191.7M	$753.4M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.061%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.287	−0.020%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.360	+0.092%	$140.8M	$178.2M	100x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.064%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.685%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.123%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.046%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.774	+0.726%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.334	+0.052%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVERshort	+0.0050%	1h	65.305	+0.008%	$169.7M	$81.6M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.319	+0.029%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.291	−0.014%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.322	+0.034%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.005%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.331	+0.047%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	65.300	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.288	−0.018%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.015%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	+0.015%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.092%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.353	+0.082%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.087%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.340	+0.061%	$23.2M	$44.7M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.342	+0.065%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.315	+0.023%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.340	+0.061%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	65.330	+0.046%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	+0.045%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.061%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0221%	1h	65.363	+0.096%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.084%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	+0.031%	$1.0M	$868K	25x	as long as short