XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.57 per $10,000 · paid last 24h −0.036%

Price spread now: Phemex against edgeX−0.077%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.077%, 7d avg +0.046%

Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.123% cheaper against edgeX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.841	0.0114	pay 0.0057% / 4h	3h 45m	$678K	$315K	30x
Short	Phemex XAGUSDT	66.790	0	get 0.0000% / 4h	3h 45m	$1.5M	$252K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$23.88
Price spread: −0.077% → +0.046%: −$12.28
Slippage, 4 orders: −$11.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$69.02
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; Phemex: 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, 28 min ago	1.50 bp	6.0 bp −$6	6.0 bp −$60	8.4 bp −$840	20.2 bp −$10.1K
Sell Phemex live order book, 3 min ago	2.24 bp	12.6 bp −$13	17.1 bp −$171	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
Hotstuff SILVER-PERP	−0.0032%	1h	66.754	−0.131%	$36K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.743	−0.147%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.800	−0.062%	$26.1M	$35.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	66.820	−0.032%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.810	−0.047%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	66.790	−0.077%	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.734	−0.161%	$121K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.790	−0.077%	$155.6M	$166.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.787	−0.081%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.732	−0.163%	$5.4M	$13.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.660%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.750	−0.137%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.235	+0.589%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.733	−0.162%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.749	−0.138%	$166.1M	$86.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.763	−0.117%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.728	−0.170%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.700	−0.212%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.780	−0.092%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.747	−0.141%	$573K	$21.9M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	66.810	−0.047%	$2.6M	$692K	100x	as long as short
Lighter XAG	+0.0072%	1h	66.791	−0.075%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0087%	8h	66.790	−0.076%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0092%	4h	66.785	−0.085%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0098%	4h	66.798	−0.065%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.744	−0.145%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.760	−0.122%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.780	−0.092%	$127K	$26K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.790	−0.077%	$191.9M	$725.0M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.790	−0.077%	$108.6M	$157.0M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.782	−0.089%	$48K	—	10x	as long as short
edgeX XAGUSDClong	+0.0114%	4h	66.841	long leg	$678K	$315K	30x
GRVT XAG_USDT_Perp	+0.0118%	4h	66.810	−0.047%	$397K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0136%	1h	66.757	−0.126%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.803	−0.058%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.800	−0.062%	$24.8M	$48.6M	100x	as long as short
Aftermath Perps XAGUSD	+0.0176%	1h	66.775	−0.100%	$80K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0183%	1h	66.794	−0.070%	$45K	$75K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.092%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.790	−0.077%	$28.2M	$67.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0200%	1h	66.770	−0.107%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.746	−0.143%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.795	−0.069%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.755	−0.129%	$766K	$589K	25x	as long as short