XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.061%

Price spread now: Bitget against SunX+0.015%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.015%, 7d avg −0.011%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.026% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.17 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	SunX XAG-USDT	65.340	0	get 0.0000% / 4h	3h 11m	$2K	$2.4M	20x
Short	Bitget XAGUSDT	65.350	0.0234	get 0.0117% / 4h	3h 11m	$23.1M	$48.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.015%Rate

Funding earned: $49.14
Price spread: +0.015% → −0.011%: $2.63
Slippage, 4 orders: −$61.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.1
Costs to cover: 0.819%
Break-even: 11.3 days

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 3 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 SunX live order book, 6 min ago	29.89 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.77 bp	7.3 bp −$7	9.1 bp −$91	16.6 bp −$1,660	34.4 bp −$17.2K

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	65.270	−0.107%	$12K	$6K	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.340	long leg	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.360	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.031%	$1.5M	$262K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.279	−0.093%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0020%	4h	65.360	+0.031%	$137.8M	$191.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.358	+0.028%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.274	−0.101%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.129%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.250	−0.138%	$785K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.755	+0.635%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.350	+0.015%	$452K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.316	−0.037%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.283	−0.087%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.240	−0.153%	$5.7M	$10.2M	25x	as long as short
Variational Omni XAG	+0.0071%	4h	65.336	−0.007%	$5.4M	$9.2M	—	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.250	−0.138%	$1.6M	$1.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0084%	8h	65.328	−0.018%	$29K	$166	5x	as long as short
Kalshi KXSILVERPERP	+0.0088%	24h	65.331	−0.014%	$526K	$35.9M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.293	−0.072%	$464K	$587K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	−0.046%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.210	−0.199%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.239	−0.155%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.345	+0.007%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.340	0.000%	$117.5M	$162.3M	1000x	as long as short
edgeX XAGUSDC	+0.0119%	4h	65.298	−0.065%	$665K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.238	−0.156%	$35K	$21K	20x	as long as short
Binance XAGUSDT	+0.0120%	4h	65.371	+0.047%	$198.0M	$808.6M	100x	as long as short
Aster XAGUSDT	+0.0136%	4h	65.370	+0.046%	$2.7M	$1.1M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.308	−0.049%	$173.5M	$90.9M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.351	+0.017%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0167%	1h	65.284	−0.086%	$1.2M	$4.1M	10x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.175	−0.253%	$78K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	65.340	0.000%	$28.7M	$77.7M	50x	as long as short
Bitget XAGUSDTshort	+0.0234%	4h	65.350	+0.015%	$23.1M	$48.4M	100x
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	+0.008%	$93K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.358	+0.027%	$5.1M	$11.7M	25x	as long as short
Bullet SILVER-USD	+0.0320%	1h	65.363	+0.035%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0360%	4h	65.340	0.000%	$2.7M	$703K	100x	as long as short
Bybit XAGUSDT	+0.0392%	4h	65.360	+0.031%	$31.0M	$44.2M	150x	as long as short
Hibachi XAG/USDT-P	+0.0408%	1h	65.268	−0.110%	$20K	$12K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0410%	4h	65.321	−0.029%	$389K	$1.5M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0417%	1h	65.328	−0.018%	$1.0M	$892K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0516%	1h	65.350	+0.015%	$77K	$437K	20x	as long as short