XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0195%/8h= −21.3% APRnext payment −$0.97 per $10,000 · paid last 24h −0.039%

Price spread now: SunX against edgeX+0.089%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.089%, 7d avg +0.020%

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. SunX is 0.070% dearer against edgeX than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.020%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.084% in total) that is about 5.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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	edgeX XAGUSDC	66.031	0.0195	pay 0.0097% / 4h	3h 21m	$670K	$311K	30x
Short	SunX XAG-USDT	66.090	0	get 0.0000% / 4h	3h 21m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$40.9
Price spread: +0.089% → +0.020%: $6.97
Slippage, 4 orders: −$63.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.55
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; SunX: live order book, 6 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, 33 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$920	21.1 bp −$10.6K
Sell SunX live order book, 6 min ago	29.53 bp	33.5 bp −$34	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
Ondo Perps XAG-USD.P	−0.0058%	1h	65.960	−0.108%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.064%	$15K	—	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.090	+0.089%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.110	+0.120%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.089%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.019	−0.018%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.100	+0.104%	$149.9M	$163.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.072	+0.062%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.026	−0.007%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.559%	$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-USD	+0.0040%	1h	66.060	+0.044%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.502	+0.713%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.044	+0.020%	$166.4M	$73.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.040	+0.014%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.022	−0.014%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.063	+0.049%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.029%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.050	+0.029%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.055%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.047	+0.024%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.083	+0.079%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.073	+0.064%	$5.3M	$10.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.026	−0.008%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	+0.029%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.020	−0.017%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0117%	4h	66.100	+0.104%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0126%	4h	66.080	+0.074%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.074	+0.065%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.042	+0.016%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.064%	$5.7M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0184%	4h	66.086	+0.084%	$191.2M	$702.1M	100x	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.080	+0.074%	$114.7M	$152.7M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	66.002	−0.044%	$79K	$36K	10x	as long as short
edgeX XAGUSDClong	+0.0195%	4h	66.031	long leg	$670K	$311K	30x
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.070	+0.059%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.007%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.002%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.090	+0.089%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.088	+0.086%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.090	+0.089%	$24.0M	$45.2M	100x	as long as short
BloFin XAG-USDT	+0.0231%	4h	66.040	+0.014%	$2.6M	$563K	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.020	−0.016%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.085	+0.082%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.053	+0.033%	$912K	$683K	25x	as long as short