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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.078%
Price spread now: Hibachi against Phemex−0.106%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.106% cheaper against Phemex than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAGUSDT66.1700get 0.0000% / 4h1h 01m$1.5M$255K100x
ShortHibachi XAG/USDT-P66.1000.0296get 0.0037% / 1h1m 30s$20K$19K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Phemex. 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

Funding earned
$62.16
Price spread: −0.106% → 0.000%
−$10.58
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$30.58
Costs to cover
0.210%
Break-even
3.6 days
Slippage unknown: Phemex: live order book, 1 min ago; Hibachi: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago2.27 bp11.2 bp −$1118.8 bp −$188doesn't fitdoesn't fit
Sell Hibachi no order-book sample—————
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.087−0.125%$15K—5xas long as short
Hotstuff SILVER-PERP0.0000%1h66.134−0.054%$35K$21K20xas long as short
Gate XAG_USDT0.0000%4h66.180+0.015%$149.9M$165.5M100xas long as short
SunX XAG-USDT0.0000%4h66.1700.000%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.160−0.015%$1.0M$1.1M75xas long as short
Phemex XAGUSDTlong0.0000%4h66.170long leg$1.5M$255K100x
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.114−0.085%$121K—250xas long as short
Lighter RH XAG+0.0032%1h66.157−0.019%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.102−0.103%$5.2M$12.0M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.348%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P+0.0039%1h66.050−0.181%$5.7M$9.7M25xas long as short
StandX XAG-USD+0.0040%1h66.150−0.030%$796K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h66.594+0.641%——25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.133−0.056%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.078−0.139%$3K$6K20xas long as short
QFEX SILVER-USD+0.0062%1h66.160−0.015%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0066%24h66.124−0.070%$544K$24.8M8.1xas long as short
Phoenix SILVER+0.0084%1h66.097−0.110%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0094%1h66.134−0.054%$165.4M$73.9M25xas long as short
Pacifica XAG+0.0100%1h66.114−0.085%$470K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.140−0.045%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.110−0.091%$113K$30K50xas long as short
Aster XAGUSDT+0.0124%4h66.121−0.074%$2.7M$878K100xas long as short
Paradex XAG-USD-PERP+0.0129%8h66.164−0.009%$30K$1K5xas long as short
Bybit XAGUSDT+0.0134%4h66.190+0.030%$26.9M$36.0M150xas long as short
Aevo XAG-PERP+0.0176%1h66.141−0.044%$47K—10xas long as short
Variational Omni XAG+0.0178%4h66.142−0.042%$5.6M$9.8M—as long as short
RISEx XAG/USDC+0.0181%1h66.179+0.014%$1.3M$4.4M20xas long as short
Lighter XAG+0.0184%1h66.164−0.009%$5.2M$10.6M25xas long as short
MEXC SILVER_USDT+0.0190%4h66.1700.000%$107.7M$154.4M1000xas long as short
Coinbase International SILVER-PERP-INTX+0.0192%1h66.180+0.015%$1.8M$1.0M20xas long as short
Binance XAGUSDT+0.0192%4h66.180+0.015%$192.3M$704.5M100xas long as short
edgeX XAGUSDC+0.0198%4h66.162−0.012%$671K$315K30xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0204%1h66.120−0.076%$63K$337K20xas long as short
BloFin XAG-USDT+0.0207%4h66.160−0.015%$2.6M$551K100xas long as short
OKX XAG-USDT-SWAP+0.0216%8h66.1700.000%$27.7M$65.8M50xas long as short
Nado XAG-PERP+0.0223%1h66.118−0.078%$1.3M$6.5M10xas long as short
Aftermath Perps XAGUSD+0.0228%1h66.141−0.043%$80K$37K10xas long as short
Bitget XAGUSDT+0.0240%4h66.1700.000%$23.8M$45.6M100xas long as short
GRVT XAG_USDT_Perp+0.0256%4h66.163−0.011%$397K$1.5M25xas long as short
Bullet SILVER-USD+0.0273%1h66.190+0.030%$45K$76K10xas long as short
Hibachi XAG/USDT-Pshort+0.0296%1h66.100−0.106%$20K$19K10x
GMX SILVER/USD [ETH-USDC]L +0.0362% / S −0.0389%1h66.155−0.023%$103K—111xas long as short
Kraken Futures PF_XAGUSD+0.0551%1h66.122−0.073%$912K$674K25xas long as short