XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.075%

Price spread now: Deribit against StandX−0.045%47s7-day average +0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.255% of the position

Long on StandX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.045%, 7d avg +0.014%

Together, before fees+0.141%+ Points / potential airdropStandX: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.059% cheaper against StandX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.094% in total) that is about 2.4 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.094% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	66.440	0.0040	pay 0.0005% / 1h	56m 28s	$799K	$2.9M	40x
Short	Deribit SILVER_USDC-PERPETUAL	66.410	0.0503	get 0.0063% / 1h	56m 28s	$50K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against StandX. 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 StandXbpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $97.33
Price spread: −0.045% → +0.014%: −$5.89
Slippage, 4 orders: −$10.52
Fee StandX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $65.92
Costs to cover: 0.255%
Break-even: 2.3 days

Slippage from StandX: live order book, 2 min ago; Deribit: live order book, 7 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 StandX live order book, 2 min ago	3.01 bp	7.0 bp −$7	10.6 bp −$106	39.9 bp −$3,990	doesn't fit
Sell Deribit live order book, 7 min ago	0.75 bp	4.3 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit

XAG on 43 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	66.359	−0.122%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	−0.075%	$152.1M	$161.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.410	−0.045%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.430	−0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.420	−0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.288	−0.229%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.387	−0.079%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.320	−0.180%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.060%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0039%	1h	66.290	−0.226%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USDlong	+0.0040%	1h	66.440	long leg	$799K	$2.9M	40x
Vest SI-PERP	+0.0046%	1h	66.807	+0.552%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.307	−0.200%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.325	−0.173%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.345	−0.143%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.370	−0.105%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.380	−0.090%	$540K	$24.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.335	−0.158%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.340	−0.151%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.290	−0.226%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0106%	1h	66.321	−0.179%	$166.0M	$75.7M	25x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.371	−0.104%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.412	−0.043%	$2.8M	$941K	100x	as long as short
Bybit XAGUSDT	+0.0146%	4h	66.380	−0.090%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0152%	1h	66.371	−0.105%	$5.3M	$10.4M	25x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	66.342	−0.148%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0176%	4h	66.333	−0.160%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.406	−0.051%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.388	−0.078%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.350	−0.135%	$111.6M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.320	−0.181%	$1.9M	$971K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.378	−0.094%	$192.3M	$706.6M	100x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.335	−0.158%	$673K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	66.370	−0.105%	$27.9M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.338	−0.154%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.345	−0.142%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0253%	1h	66.327	−0.169%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.360	−0.120%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.367	−0.110%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0294%	1h	66.367	−0.110%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0328% / S −0.0337%	1h	66.425	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0503%	1h	66.410	−0.045%	$50K	$326K	20x
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.380	−0.091%	$765K	$478K	25x	as long as short