XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.015%

Price spread now: RISEx against Lighter+0.008%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$80.082% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.008%, 7d avg +0.024%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.054	0.0120	pay 0.0015% / 1h	6m 11s	$5.2M	$10.9M	25x
Short	RISEx XAG/USDC	66.059	0.0080	get 0.0010% / 1h	6m 11s	$1.3M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Lighter. 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 LighterbpFee RISExbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$8.3
Price spread: +0.008% → +0.024%: −$1.57
Slippage, 4 orders: −$2.23
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.1
Costs to cover: 0.082%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; RISEx: live order book, 3 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 Lighter live order book, 7 min ago	0.51 bp	0.7 bp −$1	1.3 bp −$13	5.5 bp −$551	18.6 bp −$9,285
Sell RISEx live order book, 3 min ago	0.39 bp	3.4 bp −$3	4.6 bp −$46	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	−0.0053%	1h	65.950	−0.157%	$5.7M	$9.2M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	66.012	−0.063%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.098%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.040%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.070%	$1.0M	$980K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.010%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.994	−0.090%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.050	−0.005%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.995	−0.089%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.524%	$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	66.020	−0.051%	$794K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.070	+0.025%	$149.8M	$164.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.475	+0.638%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.025	−0.043%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.090%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.046	−0.012%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	−0.021%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.028	−0.039%	$166.3M	$73.8M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.977	−0.116%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.020	−0.051%	$479K	$26.6M	8.1x	as long as short
RISEx XAG/USDCshort	+0.0080%	1h	66.059	+0.008%	$1.3M	$4.9M	20x
Pacifica XAG	+0.0100%	1h	65.994	−0.090%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.036%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	−0.142%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0100%	4h	66.080	+0.040%	$27.8M	$36.5M	150x	as long as short
Lighter XAGlong	+0.0120%	1h	66.054	long leg	$5.2M	$10.9M	25x
Aster XAGUSDT	+0.0120%	4h	66.050	−0.005%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0163%	4h	66.003	−0.077%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.046	−0.012%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.060	+0.010%	$114.5M	$152.8M	1000x	as long as short
Binance XAGUSDT	+0.0175%	4h	66.060	+0.010%	$190.9M	$702.9M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.062%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.013	−0.061%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.020	−0.051%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	−0.036%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.028	−0.039%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.111%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0224%	4h	66.030	−0.036%	$2.6M	$569K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.050	−0.005%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.060	+0.010%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0236%	1h	66.063	+0.014%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.017	−0.056%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.017%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.039	−0.022%	$911K	$685K	25x	as long as short