XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0402%/8h= −44.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.057%

Price spread now: Pacifica against Deribit−0.083%7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.083%, 7d avg −0.055%

Together, before fees−0.170%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Pacifica is 0.027% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.147% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 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	66.560	0.0502	pay 0.0063% / 1h	7m 11s	$50K	$336K	20x
Short	Pacifica XAG	66.505	0.0100	get 0.0013% / 1h	7m 11s	$474K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.083%Rate

Funding earned: −$84.37
Price spread: −0.083% → −0.055%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$102.1
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 1 min ago; Pacifica: live order book, 2 min ago. Net counts fees only.

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, 1 min ago	0.75 bp	4.3 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.08 bp	doesn't fit	doesn't fit	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	66.473	−0.131%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.580	+0.030%	$25.6M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.580	+0.030%	$155.1M	$169.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	0.000%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.580	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	+0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.106%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.525	−0.053%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.555	−0.008%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.488	−0.108%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.240%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.015%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.984	+0.637%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.468	−0.138%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.521	−0.059%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.493	−0.101%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.165%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.071%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	66.533	−0.041%	$165.8M	$84.6M	25x	as long as short
Aster XAGUSDT	+0.0092%	4h	66.571	+0.017%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0099%	4h	66.494	−0.099%	$5.6M	$9.9M	—	as long as short
Pacifica XAGshort	+0.0100%	1h	66.505	−0.083%	$474K	$619K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.120%	$126K	$24K	50x	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.548	−0.018%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.551	−0.013%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0114%	4h	66.560	0.000%	$108.8M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0116%	4h	66.569	+0.013%	$193.5M	$718.3M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.563	+0.004%	$5.4M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0132%	4h	66.514	−0.069%	$675K	$314K	30x	as long as short
BloFin XAG-USDT	+0.0139%	4h	66.540	−0.030%	$2.6M	$698K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.560	0.000%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	−0.014%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.480	−0.120%	$1.9M	$933K	20x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.502	−0.087%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	66.570	+0.015%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.570	+0.015%	$28.0M	$66.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.501	−0.089%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0247%	1h	66.567	+0.011%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.479	−0.121%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.530	−0.046%	$765K	$564K	25x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0502%	1h	66.560	long leg	$50K	$336K	20x