XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against MEXC−0.015%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.015%, 7d avg +0.024%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.039% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.590	0.0142	pay 0.0071% / 4h	2h 44m	$108.6M	$156.6M	1000x
Short	Bybit XAGUSDT	66.580	0.0059	get 0.0029% / 4h	2h 44m	$26.5M	$36.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$17.44
Price spread: −0.015% → +0.024%: −$3.88
Slippage, 4 orders: −$3.14
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.47
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bybit: live order book, 4 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 MEXC live order book, 9 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	1.2 bp −$122	3.9 bp −$1,972
Sell Bybit live order book, 4 min ago	0.75 bp	6.3 bp −$6	9.4 bp −$94	14.8 bp −$1,485	64.9 bp −$32.5K

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
Hotstuff SILVER-PERP	−0.0032%	1h	66.497	−0.140%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.486	−0.156%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	−0.045%	$154.7M	$161.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.550	−0.060%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.580	−0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	−0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.493	−0.146%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.547	−0.064%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.525	−0.098%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.285%	$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	66.560	−0.045%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.574%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.479	−0.167%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.510	−0.120%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.500	−0.135%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.430	−0.240%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.530	−0.090%	$115K	$2.7M	20x	as long as short
Bybit XAGUSDTshort	+0.0059%	4h	66.580	−0.015%	$26.5M	$36.0M	150x
Kalshi KXSILVERPERP	+0.0060%	24h	66.508	−0.123%	$577K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.538	−0.078%	$1.2M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.477	−0.170%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.550	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.150%	$126K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.567	−0.035%	$166.2M	$79.4M	25x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	−0.030%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.597	+0.010%	$2.8M	$1.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	66.530	−0.090%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0124%	4h	66.565	−0.038%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.565	−0.038%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.523	−0.101%	$675K	$315K	30x	as long as short
MEXC SILVER_USDTlong	+0.0142%	4h	66.590	long leg	$108.6M	$156.6M	1000x
Binance XAGUSDT	+0.0144%	4h	66.560	−0.045%	$193.0M	$710.0M	100x	as long as short
Lighter XAG	+0.0168%	1h	66.561	−0.044%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	−0.105%	$1.9M	$968K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.560	−0.045%	$28.1M	$66.3M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	66.610	+0.030%	$24.4M	$46.0M	100x	as long as short
Nado XAG-PERP	+0.0219%	1h	66.489	−0.151%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.528	−0.093%	$80K	$39K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0224%	4h	66.601	+0.017%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.555	−0.053%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.503	−0.130%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.565	−0.038%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.523	−0.101%	$767K	$516K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.570	−0.030%	$50K	$331K	20x	as long as short