XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.014%

Price spread now: Bybit against edgeX+0.052%111s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$260.261% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.052%, 7d avg +0.013%

Together, before fees−0.114%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.038% dearer against edgeX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.013%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.039% in total) that is about 6.8 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	65.326	0.0082	pay 0.0041% / 4h	1h 25m	$665K	$312K	30x
Short	Bybit XAGUSDT	65.360	0	get 0.0000% / 4h	1h 25m	$27.8M	$40.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$17.29
Price spread: +0.052% → +0.013%: $3.85
Slippage, 4 orders: −$6.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.56
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from edgeX: live order book, 18 min ago; Bybit: 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 edgeX live order book, 18 min ago	2.29 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.2 bp −$10.6K
Sell Bybit live order book, 3 min ago	0.76 bp	6.3 bp −$6	8.4 bp −$84	17.4 bp −$1,740	48.4 bp −$24.2K

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
Hibachi XAG/USDT-P	−0.0176%	1h	65.292	−0.052%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.240	−0.132%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.047%	$12K	$5K	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	65.360	+0.052%	$27.8M	$40.0M	150x
SunX XAG-USDT	0.0000%	4h	65.390	+0.098%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.420	+0.144%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.098%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.010%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.370	+0.067%	$141.0M	$182.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.362	+0.055%	$4.6M	$9.8M	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	65.308	−0.027%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.644%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.057%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0040%	4h	65.340	+0.021%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.052%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.807	+0.736%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	+0.083%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.330	+0.006%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.366	+0.061%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.318	−0.012%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.353	+0.041%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0061%	4h	65.363	+0.056%	$190.9M	$763.5M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	+0.088%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.020%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.350	+0.037%	$115.9M	$157.4M	1000x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.362	+0.055%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.356	+0.046%	$517K	$31.0M	8.1x	as long as short
edgeX XAGUSDClong	+0.0082%	4h	65.326	long leg	$665K	$312K	30x
Hotstuff SILVER-PERP	+0.0096%	1h	65.319	−0.011%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.308	−0.028%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.006%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.055%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.052%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.009%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.348	+0.033%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.368	+0.064%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0176%	4h	65.360	+0.052%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0178%	1h	65.369	+0.066%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.360	+0.052%	$28.0M	$70.6M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	+0.052%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.336	+0.015%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0255%	4h	65.350	+0.037%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.060%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.353	+0.042%	$916K	$746K	25x	as long as short