XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.031%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.031%, 7d avg +0.095%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.095%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.380	0.0100	pay 0.0050% / 4h	2h 25m	$24.6M	$4.8M	75x
Short	Phemex XAGUSDT	65.400	0	get 0.0000% / 4h	2h 25m	$1.5M	$266K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$21
Price spread: +0.031% → +0.095%: −$6.49
Slippage, 4 orders: −$18.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$70.23
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 2 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 KuCoin live order book, 3 min ago	1.53 bp	7.9 bp −$8	16.3 bp −$163	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.53 bp	13.4 bp −$13	19.0 bp −$190	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	−0.0027%	1h	65.290	−0.138%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.481	+0.154%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.092%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	65.400	+0.031%	$1.5M	$266K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.339	−0.063%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.440	+0.092%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.536	+0.239%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.377	−0.005%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.560%	$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
Gate XAG_USDT	+0.0036%	4h	65.520	+0.214%	$142.7M	$171.4M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.675	+0.451%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.046%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.839	+0.702%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.400	+0.031%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.073%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.410	+0.046%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.356	−0.037%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.393	+0.020%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0062%	1h	65.515	+0.206%	$166.4M	$79.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.386	+0.009%	$522K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	65.570	+0.291%	$28.2M	$39.1M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.544	+0.251%	$2.7M	$938K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.371	−0.013%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.380	long leg	$24.6M	$4.8M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	+0.015%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.544	+0.251%	$5.3M	$11.1M	25x	as long as short
Variational Omni XAG	+0.0129%	4h	65.384	+0.006%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.393	+0.021%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0141%	4h	65.550	+0.260%	$190.5M	$729.6M	100x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.490	+0.168%	$113.0M	$157.7M	1000x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.377	−0.005%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0155%	4h	65.701	+0.491%	$668K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.370	−0.015%	$1.7M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	+0.040%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	0.000%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.530	+0.229%	$23.3M	$47.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.560	+0.275%	$27.5M	$69.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.565	+0.283%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.429	+0.075%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.405	+0.038%	$86K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.325	−0.084%	$20K	$19K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.420	+0.061%	$2.6M	$623K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.389	+0.013%	$914K	$750K	25x	as long as short