XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0322%/8h= −35.3% APRnext payment −$0.40 per $10,000 · paid last 24h −0.046%

Price spread now: Extended against Deribit−0.089%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now −0.089%, 7d avg −0.035%

Together, before fees−0.125%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.053% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.064% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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	Deribit SILVER_USDC-PERPETUAL	66.230	0.0354	pay 0.0044% / 1h	16m 59s	$51K	$359K	20x
Short	Extended XAG-USD	66.171	0.0032	get 0.0004% / 1h	16m 59s	$5.5M	$12.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$67.69
Price spread: −0.089% → −0.035%: −$5.33
Slippage, 4 orders: −$6.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.73
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Extended: live order book, 2 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 Deribit live order book, 2 min ago	0.75 bp	8.7 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.08 bp	3.1 bp −$3	4.3 bp −$43	11.4 bp −$1,142	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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.209	−0.031%	$766K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	−0.083%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.250	+0.030%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.250	+0.030%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.015%	$146.2M	$173.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.030%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.075%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	+0.045%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.179	−0.078%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.220	−0.015%	$144K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.229	−0.002%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.171	−0.089%	$5.5M	$12.4M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.257%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	−0.075%	$792K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.679	+0.678%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.203	−0.041%	$165.0M	$88.3M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.211	−0.029%	$3.9M	$698K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.176	−0.082%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.136%	$5.7M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.194	−0.054%	$583K	$21.3M	8.1x	as long as short
Aster XAGUSDT	+0.0060%	4h	66.251	+0.032%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0062%	4h	66.250	+0.030%	$24.0M	$47.7M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	+0.010%	$5.5M	$10.5M	—	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.210	−0.030%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.194	−0.054%	$56K	$26K	25x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	66.240	+0.015%	$118.2M	$181.8M	1000x	as long as short
Binance XAGUSDT	+0.0081%	4h	66.241	+0.017%	$189.7M	$727.4M	100x	as long as short
edgeX XAGUSDC	+0.0084%	4h	66.235	+0.008%	$672K	$315K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.237	+0.011%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.184	−0.069%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.030%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.180	−0.075%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.015%	$1.9M	$862K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0110%	4h	66.240	+0.015%	$390K	$1.5M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	66.230	0.000%	$30K	$1K	5x	as long as short
BloFin XAG-USDT	+0.0123%	4h	66.250	+0.030%	$2.5M	$847K	100x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.191	−0.058%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0128%	1h	66.227	−0.004%	$5.2M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0144%	1h	66.193	−0.055%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	66.260	+0.045%	$27.3M	$66.4M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.188	−0.063%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.249	+0.029%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.245	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0354%	1h	66.230	long leg	$51K	$359K	20x