XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.029%

Price spread now: Phemex against GRVT+0.054%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.054%, 7d avg +0.015%

Together, before fees−0.040%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.039% dearer against GRVT than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.015%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.098% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.084	0.0016	pay 0.0008% / 4h	1h 58m	$392K	$1.6M	25x
Short	Phemex XAGUSDT	66.120	0	get 0.0000% / 4h	1h 58m	$1.5M	$248K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against GRVT. 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 GRVTbpFee PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$3.36
Price spread: +0.054% → +0.015%: $3.9
Slippage, 4 orders: −$24.89
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.35
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Phemex: live order book, 4 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 GRVT live order book, 4 min ago	0.76 bp	5.3 bp −$5	9.3 bp −$93	45.6 bp −$4,559	doesn't fit
Sell Phemex live order book, 4 min ago	1.51 bp	17.3 bp −$17	30.3 bp −$303	doesn't fit	doesn't fit

XAG on 42 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	66.067	−0.025%	$776K	$609K	25x	as long as short
Hotstuff SILVER-PERP	−0.0120%	1h	66.037	−0.071%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	−0.041%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.130	+0.069%	$25.5M	$35.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.117	+0.049%	$1.3M	$4.3M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.110	+0.039%	$146.6M	$170.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.120	+0.054%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.100%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	66.120	+0.054%	$1.5M	$248K	100x
Aftermath Perps XAGUSD	+0.0010%	1h	66.048	−0.054%	$80K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0012%	4h	66.130	+0.069%	$23.6M	$49.8M	100x	as long as short
Aster XAGUSDT	+0.0014%	4h	66.160	+0.115%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perplong	+0.0016%	4h	66.084	long leg	$392K	$1.6M	25x
Lighter XAG	+0.0032%	1h	66.087	+0.005%	$5.1M	$10.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.088	+0.006%	$4.4M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.084	0.000%	$5.4M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.478%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.082%	$790K	$2.8M	40x	as long as short
Variational Omni XAG	+0.0045%	4h	66.103	+0.028%	$5.3M	$11.1M	—	as long as short
Vest SI-PERP	+0.0046%	1h	66.588	+0.763%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.085	+0.001%	$164.1M	$96.1M	25x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.078	−0.009%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.040	−0.067%	$5.4M	$9.7M	25x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	66.100	+0.024%	$121.8M	$179.7M	1000x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.097	+0.020%	$660K	$21.3M	8.1x	as long as short
Binance XAGUSDT	+0.0056%	4h	66.130	+0.069%	$190.2M	$782.2M	100x	as long as short
edgeX XAGUSDC	+0.0057%	4h	66.096	+0.018%	$670K	$316K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.129	+0.068%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	−0.098%	$56K	$26K	25x	as long as short
BloFin XAG-USDT	+0.0075%	4h	66.110	+0.039%	$2.6M	$1.2M	100x	as long as short
Nado XAG-PERP	+0.0076%	1h	66.065	−0.029%	$1.3M	$6.5M	10x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.090	+0.009%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0100%	8h	66.091	+0.010%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.057	−0.041%	$473K	$643K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	+0.054%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.080	−0.006%	$112K	$85K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.130	+0.069%	$1.9M	$972K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0142%	8h	66.150	+0.100%	$27.3M	$68.6M	50x	as long as short
Bullet SILVER-USD	+0.0210%	1h	66.145	+0.092%	$44K	$74K	10x	as long as short
Polymarket Perps SILVER-USD	+0.0240%	1h	66.145	+0.092%	$3.9M	$770K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.145	+0.092%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0506%	1h	66.150	+0.100%	$60K	$363K	20x	as long as short