XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.026%

Price spread now: Deribit against Coinbase International−0.046%7-day average +0.021% · 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−$32as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.046%, 7d avg +0.021%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.067% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.021%). If the spread goes back, that is −$7 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.360	0.0096	pay 0.0012% / 1h	48m 27s	$1.6M	$1.4M	20x
Short	Deribit SILVER_USDC-PERPETUAL	65.330	0.0209	get 0.0026% / 1h	48m 27s	$65K	$387K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.046%Rate

Funding earned: $23.82
Price spread: −0.046% → +0.021%: −$6.73
Slippage, 4 orders: −$8.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.02
Costs to cover: 0.251%
Break-even: 9.4 days

Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, 55 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	0.77 bp	6.0 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Deribit live order book, 55 min ago	0.76 bp	4.3 bp −$4	6.4 bp −$64	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
Ondo Perps XAG-USD.P	−0.0047%	1h	65.280	−0.122%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.111%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.410	+0.076%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.360	0.000%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.350	−0.015%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	−0.108%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.073%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0030%	4h	65.390	+0.046%	$2.7M	$951K	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.044%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.334	−0.040%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.410	+0.076%	$141.3M	$176.8M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.591%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.390	+0.046%	$117.4M	$157.0M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	−0.076%	$786K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.400	+0.061%	$191.8M	$761.1M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.046%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.794	+0.664%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.363	+0.005%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.115%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.369	+0.014%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.322	−0.058%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.066%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.281	−0.121%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	65.356	−0.006%	$169.8M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.283	−0.118%	$480K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	65.360	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.329	−0.047%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.015%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.153%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.409	+0.075%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.066%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0164%	4h	65.360	0.000%	$2.7M	$583K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.400	+0.061%	$23.7M	$45.4M	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.355	−0.008%	$1.2M	$4.8M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.396	+0.055%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.300	−0.092%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0176%	8h	65.390	+0.046%	$28.1M	$70.6M	50x	as long as short
Hotstuff SILVER-PERP	+0.0192%	1h	65.332	−0.043%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0209%	1h	65.330	−0.046%	$65K	$387K	20x
Aftermath Perps XAGUSD	+0.0210%	1h	65.319	−0.063%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.351	−0.014%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	−0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.306	−0.082%	$1.0M	$872K	25x	as long as short