XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: Binance against Coinbase International+0.051%53s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.276% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.051%, 7d avg +0.032%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.950	0.0208	pay 0.0026% / 1h	43m 25s	$1.8M	$1.0M	20x
Short	Binance XAGUSDT	65.984	0.0204	get 0.0102% / 4h	3h 43m	$191.0M	$702.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: −$0.81
Price spread: +0.051% → +0.032%: $1.93
Slippage, 4 orders: −$7.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.45
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 15 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 Coinbase International live order book, 5 min ago	3.03 bp	8.0 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$834	17.6 bp −$8,811

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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.850	−0.152%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.025%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.076%	$149.5M	$163.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.960	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.121%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.045%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.921	−0.043%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.954	+0.006%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.917	−0.051%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.682%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.990	+0.061%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.404	+0.688%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.937	−0.020%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.900	−0.076%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.948	−0.003%	$165.9M	$73.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	+0.052%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	0.000%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.956	+0.009%	$538K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	+0.026%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.963	+0.019%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.906	−0.067%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	+0.015%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.948	−0.003%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	65.959	+0.014%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.000	+0.076%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.962	+0.019%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0159%	4h	66.000	+0.076%	$2.6M	$556K	100x	as long as short
Nado XAG-PERP	+0.0175%	1h	65.918	−0.049%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.968	+0.027%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.081%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.960	+0.015%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDTshort	+0.0204%	4h	65.984	+0.051%	$191.0M	$702.5M	100x
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.940	−0.015%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0208%	1h	65.950	long leg	$1.8M	$1.0M	20x
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.097%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.967	+0.026%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.109%	$394K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.995	+0.069%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.000	+0.076%	$27.6M	$64.8M	50x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.970	+0.030%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.926	−0.037%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.985	+0.053%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.945	−0.008%	$910K	$683K	25x	as long as short