XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.032%

Price spread now: MEXC against Phemex−0.015%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.015%, 7d avg −0.063%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.048% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.840	0	get 0.0000% / 4h	3h 49m	$1.5M	$252K	100x
Short	MEXC SILVER_USDT	66.830	0.0106	get 0.0053% / 4h	3h 49m	$116.4M	$155.6M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee PhemexbpFee MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $22.26
Price spread: −0.015% → −0.063%: $4.83
Slippage, 4 orders: −$14.61
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.48
Costs to cover: 0.266%
Break-even: 6.8 days

Slippage from Phemex: live order book, 4 min ago; MEXC: live order book, 10 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 Phemex live order book, 4 min ago	0.75 bp	13.9 bp −$14	16.4 bp −$164	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.6 bp −$1,317

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
dYdX XAG-USD	0.0000%	1h	66.797	−0.064%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.820	−0.030%	$26.2M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.830	−0.015%	$155.6M	$165.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.840	0.000%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.870	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.840	long leg	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.774	−0.098%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.827	−0.019%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.818	−0.033%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.778	−0.092%	$5.4M	$13.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.658%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.120%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.282	+0.661%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.121%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.776	−0.096%	$166.2M	$86.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.808	−0.048%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.779	−0.091%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.750	−0.135%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.840	0.000%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.790	−0.075%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.820	−0.030%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.853	+0.020%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.098%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.809	−0.047%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.810	−0.045%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.135%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0104%	4h	66.820	−0.030%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.803	−0.055%	$48K	—	10x	as long as short
MEXC SILVER_USDTshort	+0.0106%	4h	66.830	−0.015%	$116.4M	$155.6M	1000x
Binance XAGUSDT	+0.0107%	4h	66.810	−0.045%	$192.3M	$726.0M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.057%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.819	−0.032%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.861	+0.032%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0164%	4h	66.830	−0.015%	$2.6M	$692K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.830	−0.015%	$24.8M	$48.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.754	−0.129%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.090%	$1.9M	$967K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.846	+0.009%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.800	−0.060%	$28.2M	$67.5M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0199%	1h	66.820	−0.030%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.779	−0.091%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.075%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.825	−0.022%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0486%	1h	66.812	−0.042%	$767K	$589K	25x	as long as short