XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0328%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.071%

Price spread now: StandX against Deribit+0.062%7-day average −0.010% · 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−$23as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Deribit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.062%, 7d avg −0.010%

Together, before fees−0.248%+ Points / potential airdropStandX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.072% dearer against Deribit than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.010%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.111% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.111% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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	64.720	0.0368	pay 0.0046% / 1h	28m 03s	$76K	$432K	20x
Short	StandX XAG-USD	64.760	0.0040	get 0.0005% / 1h	28m 03s	$779K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$68.97
Price spread: +0.062% → −0.010%: $7.19
Slippage, 4 orders: −$15.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$92.22
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Deribit: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago	3.86 bp	7.4 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell StandX live order book, 1 min ago	3.09 bp	8.6 bp −$9	9.2 bp −$92	33.8 bp −$3,383	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	+0.022%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	64.760	+0.062%	$139.1M	$185.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	64.740	+0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.780	+0.093%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.780	+0.093%	$1.5M	$337K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.663	−0.088%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0017%	4h	64.834	+0.177%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.755	+0.054%	$4.5M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.692	−0.043%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.596%	$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-USDshort	+0.0040%	1h	64.760	+0.062%	$779K	$3.0M	40x
Vest SI-PERP	+0.0046%	1h	65.162	+0.683%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.700	−0.031%	$447K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.630	−0.139%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.666	−0.083%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.640	−0.124%	$5.6M	$9.9M	25x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	64.730	+0.015%	$121.2M	$158.9M	1000x	as long as short
edgeX XAGUSDC	+0.0058%	4h	64.839	+0.184%	$660K	$315K	30x	as long as short
Binance XAGUSDT	+0.0058%	4h	64.760	+0.062%	$196.6M	$780.7M	100x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	64.728	+0.013%	$29K	$166	5x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.719	−0.002%	$46K	—	10x	as long as short
Aster XAGUSDT	+0.0077%	4h	64.750	+0.046%	$2.6M	$1.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.680	−0.062%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.711	−0.014%	$484K	$34.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	64.680	−0.062%	$461K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.690	−0.046%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.810	+0.139%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.908	+0.290%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0128%	1h	64.717	−0.005%	$172.6M	$88.6M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.730	+0.015%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0160%	4h	64.830	+0.170%	$386K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0161%	1h	64.684	−0.056%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	64.770	+0.077%	$28.7M	$74.4M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	64.760	+0.062%	$23.4M	$47.0M	100x	as long as short
Bybit XAGUSDT	+0.0204%	4h	64.790	+0.108%	$29.7M	$43.1M	150x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	64.788	+0.105%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.734	+0.022%	$5.2M	$11.1M	25x	as long as short
BloFin XAG-USDT	+0.0231%	4h	64.840	+0.185%	$2.7M	$667K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	64.735	+0.023%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0296%	1h	64.745	+0.039%	$45K	$75K	10x	as long as short
Hotstuff SILVER-PERP	+0.0304%	1h	64.747	+0.042%	$34K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.725	+0.008%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0368%	1h	64.720	long leg	$76K	$432K	20x
Kraken Futures PF_XAGUSD	+0.0421%	1h	64.701	−0.029%	$1.0M	$892K	25x	as long as short