XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.022%

Price spread now: tradeXYZ against Lighter−0.015%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.015%, 7d avg −0.041%

Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.026% dearer against Lighter than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.041%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.587	0.0128	pay 0.0016% / 1h	55m 01s	$5.3M	$11.8M	25x
Short	tradeXYZ xyz:SILVER	65.577	0.0103	get 0.0013% / 1h	55m 01s	$175.6M	$93.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$5.32
Price spread: −0.015% → −0.041%: $2.59
Slippage, 4 orders: −$1.83
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.56
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; tradeXYZ: live order book, 8 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	0.39 bp	0.5 bp −$1	1.1 bp −$11	5.8 bp −$578	18.2 bp −$9,079
Sell tradeXYZ live order book, 8 min ago	0.08 bp	9.6 bp −$10	9.8 bp −$98	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.0104%	1h	65.591	+0.006%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.521	−0.100%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.589	+0.003%	$1.3M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.610	+0.035%	$136.5M	$198.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.590	+0.005%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.066%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	+0.035%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.526	−0.093%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.490	−0.148%	$5.7M	$11.1M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.593	+0.009%	$4.6M	$9.5M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.537	−0.077%	$5.1M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.502%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.610	+0.035%	$789K	$3.0M	40x	as long as short
Bybit XAGUSDT	+0.0041%	4h	65.620	+0.050%	$30.5M	$48.1M	150x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.570	−0.026%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.026	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.560	−0.041%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.526	−0.093%	$3K	$6K	20x	as long as short
Variational Omni XAG	+0.0052%	4h	65.578	−0.014%	$5.6M	$9.0M	—	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.571	−0.025%	$29K	—	5x	as long as short
Aster XAGUSDT	+0.0074%	4h	65.590	+0.005%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0076%	4h	65.603	+0.024%	$190.3M	$863.3M	100x	as long as short
MEXC SILVER_USDT	+0.0076%	4h	65.590	+0.005%	$114.4M	$162.8M	1000x	as long as short
edgeX XAGUSDC	+0.0087%	4h	65.624	+0.057%	$669K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.576	−0.017%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0096%	4h	65.674	+0.132%	$389K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.532	−0.084%	$462K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.550	−0.056%	$25.3M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.035%	$112K	$19K	50x	as long as short
tradeXYZ xyz:SILVERshort	+0.0103%	1h	65.577	−0.015%	$175.6M	$93.1M	25x
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.188%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0107%	24h	65.584	−0.005%	$792K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0122%	1h	65.584	−0.005%	$55K	$15K	25x	as long as short
Lighter XAGlong	+0.0128%	1h	65.587	long leg	$5.3M	$11.8M	25x
Nado XAG-PERP	+0.0141%	1h	65.560	−0.041%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.610	+0.035%	$27.9M	$85.8M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.570	−0.026%	$77K	$409K	20x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.600	+0.020%	$23.1M	$52.8M	100x	as long as short
Bullet SILVER-USD	+0.0217%	1h	65.594	+0.010%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.595	+0.012%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	65.623	+0.055%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0281% / S −0.0253%	1h	65.595	+0.012%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0309%	4h	65.610	+0.035%	$2.7M	$784K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.567	−0.031%	$1.0M	$943K	25x	as long as short