Settings8H · net · $10k
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Funding arb · Price arb /

XAG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 12:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.061%
Price spread now: Phemex against Bitget+0.015%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Long on BitgetShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.120%−$12 on $10k
Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.015%, 7d avg +0.034%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAGUSDT64.9300.0186pay 0.0093% / 4h3h 36m$23.1M$45.4M100x
ShortPhemex XAGUSDT64.9400get 0.0000% / 4h3h 36m$1.4M$310K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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
−$39.06
Price spread: +0.015% → +0.034%
−$1.89
Slippage, 4 orders
−$13.83
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$78.78
Costs to cover
0.378%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.77 bp7.0 bp −$78.9 bp −$8916.4 bp −$1,64257.7 bp −$28.8K
Sell Phemex live order book, 1 min ago1.54 bp12.0 bp −$1218.5 bp −$185doesn't fitdoesn't fit

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%1h64.862−0.105%$12K$5K5xas long as short
SunX XAG-USDT0.0000%4h64.9300.000%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.950+0.031%$1.1M$1.3M75xas long as short
Phemex XAGUSDTshort0.0000%4h64.940+0.015%$1.4M$310K100x
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.850−0.123%$117K—250xas long as short
Variational Omni XAG+0.0012%4h64.904−0.040%$5.3M$9.1M—as long as short
Lighter RH XAG+0.0032%1h64.929−0.001%$4.6M$9.7M25xas long as short
Extended XAG-USD+0.0032%1h64.865−0.100%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.264%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h64.940+0.015%$138.8M$181.6M100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.940+0.015%$781K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.347+0.642%——25xas long as short
QFEX SILVER-USD+0.0047%1h64.9300.000%$445K$1.5M20xas long as short
MEXC SILVER_USDT+0.0048%4h64.920−0.015%$120.8M$158.0M1000xas long as short
Binance XAGUSDT+0.0050%4h64.932+0.003%$195.9M$768.6M100xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.868−0.095%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.853−0.119%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.830−0.154%$5.6M$9.9M25xas long as short
Paradex XAG-USD-PERP+0.0059%8h64.936+0.010%$29K$1665xas long as short
edgeX XAGUSDC+0.0061%4h64.937+0.011%$661K$313K30xas long as short
Aevo XAG-PERP+0.0064%1h64.908−0.034%$47K—10xas long as short
Aster XAGUSDT+0.0065%4h64.936+0.009%$2.6M$997K100xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.900−0.046%$1.6M$1.4M20xas long as short
Kalshi KXSILVERPERP+0.0084%24h64.936+0.009%$485K$33.8M8.1xas long as short
Hotstuff SILVER-PERP+0.0088%1h64.925−0.008%$35K$21K20xas long as short
Pacifica XAG+0.0100%1h64.895−0.054%$463K$592K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.890−0.062%$25.1M$4.5M75xas long as short
GRVT XAG_USDT_Perp+0.0100%4h64.907−0.036%$390K$1.6M25xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.880−0.077%$111K$19K50xas long as short
Phoenix SILVER+0.0111%1h64.865−0.100%$55K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0138%1h64.899−0.048%$174.1M$86.4M25xas long as short
RISEx XAG/USDC+0.0158%1h64.952+0.034%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0158%1h64.910−0.030%$1.2M$4.3M10xas long as short
Bybit XAGUSDT+0.0164%4h64.950+0.031%$29.3M$41.9M150xas long as short
Bitget XAGUSDTlong+0.0186%4h64.930long leg$23.1M$45.4M100x
OKX XAG-USDT-SWAP+0.0191%8h64.940+0.015%$28.6M$72.5M50xas long as short
BloFin XAG-USDT+0.0199%4h64.920−0.015%$2.7M$646K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0212%1h64.900−0.046%$76K$426K20xas long as short
Aftermath Perps XAGUSD+0.0215%1h64.911−0.030%$78K$37K10xas long as short
Lighter XAG+0.0224%1h64.920−0.016%$5.3M$11.0M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0237% / S −0.0196%1h64.915−0.023%$92K—111xas long as short
Bullet SILVER-USD+0.0301%1h64.942+0.018%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0336%1h64.878−0.080%$20K$15K10xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.904−0.040%$1.0M$868K25xas long as short