XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.072%

Price spread now: Deribit against Lighter RH−0.025%7-day average +0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.025%, 7d avg +0.023%

Together, before fees+0.188%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.048% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.023%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.366	0.0032	pay 0.0004% / 1h	36m 58s	$4.6M	$9.7M	25x
Short	Deribit SILVER_USDC-PERPETUAL	65.350	0.0209	get 0.0026% / 1h	36m 58s	$65K	$389K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter RH. 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 Lighter RHbpFee DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $37.23
Price spread: −0.025% → +0.023%: −$4.76
Slippage, 4 orders: −$11.16
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.31
Costs to cover: 0.182%
Break-even: 4.3 days

Slippage from Lighter RH: live order book, 7 min ago; Deribit: 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 Lighter RH live order book, 7 min ago	1.35 bp	1.4 bp −$1	2.7 bp −$27	24.6 bp −$2,455	doesn't fit
Sell Deribit live order book, 2 min ago	0.76 bp	4.3 bp −$4	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	−0.0041%	1h	65.240	−0.193%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.106%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.390	+0.036%	$27.8M	$39.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	−0.040%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.036%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.370	+0.006%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.291	−0.116%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0008%	4h	65.432	+0.101%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0023%	4h	65.360	−0.010%	$2.7M	$928K	100x	as long as short
Binance XAGUSDT	+0.0030%	4h	65.376	+0.015%	$191.9M	$754.0M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0030%	4h	65.380	+0.021%	$118.8M	$157.3M	1000x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.366	long leg	$4.6M	$9.7M	25x
Extended XAG-USD	+0.0032%	1h	65.322	−0.068%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.581%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.390	+0.036%	$140.9M	$178.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	−0.010%	$786K	$2.9M	40x	as long as short
edgeX XAGUSDC	+0.0042%	4h	65.378	+0.017%	$665K	$313K	30x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.350	−0.025%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.772	+0.621%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.327	−0.060%	$35K	$21K	20x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.340	−0.041%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.338	−0.043%	$169.8M	$81.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.323	−0.066%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.301	−0.100%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.337	−0.045%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.106%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.329	−0.057%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.370	+0.006%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.303	−0.098%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.056%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	+0.036%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.358	−0.013%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0119%	4h	65.380	+0.021%	$2.7M	$575K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	−0.015%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0156%	4h	65.370	+0.006%	$23.2M	$44.8M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.372	+0.008%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0164%	1h	65.320	−0.072%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0168%	8h	65.370	+0.006%	$28.2M	$70.0M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.313	−0.081%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0186%	1h	65.325	−0.063%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0209%	1h	65.350	−0.025%	$65K	$389K	20x
Bullet SILVER-USD	+0.0223%	1h	65.360	−0.010%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	−0.033%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	−0.071%	$1.0M	$868K	25x	as long as short