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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.078%
Price spread now: Phemex against Hibachi+0.157%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HibachiShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
The price spread pays, funding is against you. Phemex is 0.157% dearer against Hibachi than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XAG/USDT-P66.0660.0296pay 0.0037% / 1h1m 34s$20K$19K10x
ShortPhemex XAGUSDT66.1700get 0.0000% / 4h1h 01m$1.5M$255K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Hibachi. 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

Funding earned
−$62.16
Price spread: +0.157% → 0.000%
$15.71
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$67.45
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample—————
Sell Phemex live order book, 1 min ago2.27 bp11.2 bp −$1114.5 bp −$145doesn't fitdoesn't fit
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.087+0.031%$15K—5xas long as short
Hotstuff SILVER-PERP0.0000%1h66.134+0.103%$35K$21K20xas long as short
Gate XAG_USDT0.0000%4h66.180+0.172%$149.9M$165.5M100xas long as short
SunX XAG-USDT0.0000%4h66.170+0.157%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.160+0.142%$1.0M$1.1M75xas long as short
Phemex XAGUSDTshort0.0000%4h66.170+0.157%$1.5M$255K100x
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.078+0.018%$121K—250xas long as short
Lighter RH XAG+0.0032%1h66.157+0.138%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.102+0.054%$5.2M$12.0M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.505%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P+0.0039%1h66.050−0.025%$5.7M$9.7M25xas long as short
StandX XAG-USD+0.0040%1h66.100+0.051%$795K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h66.575+0.770%——25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.111+0.068%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.078+0.018%$3K$6K20xas long as short
QFEX SILVER-USD+0.0062%1h66.140+0.112%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0066%24h66.124+0.087%$544K$24.8M8.1xas long as short
Phoenix SILVER+0.0084%1h66.097+0.047%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0094%1h66.134+0.103%$165.4M$73.9M25xas long as short
Pacifica XAG+0.0100%1h66.114+0.072%$470K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.130+0.097%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.120+0.081%$113K$30K50xas long as short
Aster XAGUSDT+0.0124%4h66.120+0.081%$2.7M$878K100xas long as short
Paradex XAG-USD-PERP+0.0129%8h66.164+0.148%$30K$1K5xas long as short
Bybit XAGUSDT+0.0134%4h66.190+0.187%$26.9M$36.0M150xas long as short
Aevo XAG-PERP+0.0176%1h66.141+0.113%$47K—10xas long as short
Variational Omni XAG+0.0178%4h66.142+0.115%$5.6M$9.8M—as long as short
RISEx XAG/USDC+0.0181%1h66.179+0.171%$1.3M$4.4M20xas long as short
Lighter XAG+0.0184%1h66.164+0.148%$5.2M$10.6M25xas long as short
MEXC SILVER_USDT+0.0190%4h66.170+0.157%$107.7M$154.4M1000xas long as short
Coinbase International SILVER-PERP-INTX+0.0192%1h66.180+0.172%$1.8M$1.0M20xas long as short
Binance XAGUSDT+0.0192%4h66.180+0.172%$192.3M$704.5M100xas long as short
edgeX XAGUSDC+0.0198%4h66.162+0.145%$671K$315K30xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0204%1h66.120+0.081%$63K$337K20xas long as short
BloFin XAG-USDT+0.0207%4h66.160+0.142%$2.6M$551K100xas long as short
OKX XAG-USDT-SWAP+0.0216%8h66.170+0.157%$27.7M$65.8M50xas long as short
Nado XAG-PERP+0.0224%1h66.084+0.027%$1.3M$6.5M10xas long as short
Aftermath Perps XAGUSD+0.0230%1h66.129+0.094%$80K$37K10xas long as short
Bitget XAGUSDT+0.0240%4h66.170+0.157%$23.8M$45.6M100xas long as short
GRVT XAG_USDT_Perp+0.0254%4h66.140+0.112%$396K$1.5M25xas long as short
Bullet SILVER-USD+0.0272%1h66.156+0.136%$45K$76K10xas long as short
Hibachi XAG/USDT-Plong+0.0296%1h66.066long leg$20K$19K10x
GMX SILVER/USD [ETH-USDC]L +0.0362% / S −0.0389%1h66.155+0.134%$103K—111xas long as short
Kraken Futures PF_XAGUSD+0.0551%1h66.122+0.084%$912K$674K25xas long as short