XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.048%

Price spread now: Deribit against RISEx−0.062%7-day average −0.012% · 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−$22as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.062%, 7d avg −0.012%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.050% cheaper against RISEx than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.012%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.861	0.0148	pay 0.0019% / 1h	49m 06s	$1.3M	$4.2M	20x
Short	Deribit SILVER_USDC-PERPETUAL	66.820	0.0199	get 0.0025% / 1h	49m 06s	$51K	$344K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.65
Price spread: −0.062% → −0.012%: −$4.98
Slippage, 4 orders: −$4.39
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.72
Costs to cover: 0.174%
Break-even: 14.7 days

Slippage from RISEx: live order book, 5 min ago; Deribit: live order book, 25 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 RISEx live order book, 5 min ago	0.70 bp	3.7 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell Deribit live order book, 25 min ago	0.75 bp	4.3 bp −$4	5.9 bp −$59	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
dYdX XAG-USD	0.0000%	1h	66.797	−0.095%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.820	−0.062%	$26.2M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.830	−0.047%	$155.6M	$165.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.840	−0.032%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.870	+0.013%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.840	−0.032%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.774	−0.130%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.827	−0.051%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.818	−0.065%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.778	−0.124%	$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	−0.690%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.151%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.282	+0.629%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.153%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.776	−0.128%	$166.2M	$86.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.808	−0.080%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.779	−0.123%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.750	−0.166%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.840	−0.032%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.790	−0.107%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.820	−0.061%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.853	−0.012%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.130%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.809	−0.079%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.810	−0.077%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.166%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0104%	4h	66.820	−0.062%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.803	−0.087%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.830	−0.047%	$116.4M	$155.6M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.810	−0.077%	$192.3M	$726.0M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.089%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.819	−0.063%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDClong	+0.0148%	1h	66.861	long leg	$1.3M	$4.2M	20x
BloFin XAG-USDT	+0.0164%	4h	66.830	−0.047%	$2.6M	$692K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.830	−0.047%	$24.8M	$48.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.754	−0.161%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.122%	$1.9M	$967K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.846	−0.023%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.800	−0.092%	$28.2M	$67.5M	50x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0199%	1h	66.820	−0.062%	$51K	$344K	20x
Hibachi XAG/USDT-P	+0.0232%	1h	66.779	−0.123%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.107%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.825	−0.054%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0486%	1h	66.812	−0.074%	$767K	$589K	25x	as long as short