XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against edgeX+0.103%51s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.260% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.103%, 7d avg +0.012%

Together, before fees−0.137%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.091% dearer against edgeX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.012%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.039% in total) that is about 16 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.102	0.0212	pay 0.0106% / 4h	42m 49s	$671K	$315K	30x
Short	Bybit XAGUSDT	66.170	0.0146	get 0.0073% / 4h	42m 49s	$26.7M	$36.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$13.96
Price spread: +0.103% → +0.012%: $9.07
Slippage, 4 orders: −$6.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.93
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Bybit: 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 edgeX live order book, 16 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	21.0 bp −$10.5K
Sell Bybit live order book, 1 min ago	0.75 bp	6.3 bp −$6	6.3 bp −$63	13.7 bp −$1,367	58.9 bp −$29.5K

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	66.085	−0.026%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.180	+0.118%	$150.3M	$163.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.200	+0.148%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.148%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.148%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.107	+0.007%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.133	+0.046%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.090	−0.018%	$5.2M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.451%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.139	+0.056%	$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
StandX XAG-USD	+0.0040%	1h	66.150	+0.073%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.594	+0.744%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	+0.053%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.104	+0.003%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.060	−0.063%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.150	+0.073%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.069	−0.050%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.144	+0.064%	$523K	$25.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.120	+0.027%	$470K	$616K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	+0.058%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.003%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0130%	1h	66.115	+0.020%	$165.4M	$73.9M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.175	+0.111%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.168	+0.101%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDTshort	+0.0146%	4h	66.170	+0.103%	$26.7M	$36.1M	150x
Paradex XAG-USD-PERP	+0.0146%	8h	66.160	+0.087%	$30K	$1K	5x	as long as short
Nado XAG-PERP	+0.0185%	1h	66.128	+0.040%	$1.3M	$6.5M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.174	+0.109%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0196%	4h	66.123	+0.032%	$5.6M	$9.7M	—	as long as short
Lighter XAG	+0.0200%	1h	66.141	+0.059%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.043%	$1.8M	$1.0M	20x	as long as short
MEXC SILVER_USDT	+0.0208%	4h	66.160	+0.088%	$108.9M	$152.4M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.150	+0.073%	$192.8M	$701.6M	100x	as long as short
edgeX XAGUSDClong	+0.0212%	4h	66.102	long leg	$671K	$315K	30x
BloFin XAG-USDT	+0.0225%	4h	66.170	+0.103%	$2.6M	$554K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0227%	8h	66.180	+0.118%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.102	0.000%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.160	+0.088%	$23.9M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.163	+0.093%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0312%	1h	66.181	+0.120%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	66.128	+0.040%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	+0.088%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0371% / S −0.0404%	1h	66.185	+0.126%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.147	+0.069%	$913K	$676K	25x	as long as short