XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.015%

Price spread now: Extended against Lighter−0.210%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$90.088% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 7 days+0.165%+$16 · spread now −0.210%, 7d avg −0.035%

Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.175% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.554	0.0112	pay 0.0014% / 1h	56m 21s	$5.3M	$10.4M	25x
Short	Extended XAG-USD	66.414	0.0032	get 0.0004% / 1h	56m 21s	$5.4M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$16.8
Price spread: −0.210% → −0.035%: −$17.52
Slippage, 4 orders: −$3.77
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.09
Costs to cover: 0.088%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Extended: 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 Lighter live order book, 7 min ago	0.19 bp	0.2 bp $0	0.4 bp −$4	4.5 bp −$447	16.3 bp −$8,137
Sell Extended live order book, 3 min ago	0.60 bp	4.9 bp −$5	6.9 bp −$69	14.2 bp −$1,418	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
dYdX XAG-USD	0.0000%	1h	66.388	−0.249%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.590	+0.054%	$26.0M	$35.9M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.470	−0.126%	$154.5M	$159.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.570	+0.024%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	−0.066%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.590	+0.054%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.396	−0.237%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.550	−0.006%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.414	−0.210%	$5.4M	$12.5M	10x
Hotstuff SILVER-PERP	+0.0032%	1h	66.373	−0.272%	$35K	$21K	20x	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	−0.231%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	−0.186%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.907	+0.531%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.369	−0.278%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.231%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.449	−0.158%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.470	−0.126%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.450	−0.156%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.430	−0.186%	$550K	$23.0M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	66.429	−0.188%	$165.8M	$85.2M	25x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.509	−0.068%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.482	−0.108%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.446	−0.162%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	−0.156%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.390	−0.246%	$126K	$23K	50x	as long as short
Lighter XAGlong	+0.0112%	1h	66.554	long leg	$5.3M	$10.4M	25x
Paradex XAG-USD-PERP	+0.0113%	8h	66.459	−0.142%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0115%	4h	66.455	−0.149%	$5.6M	$9.8M	—	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.509	−0.068%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0126%	4h	66.470	−0.126%	$108.2M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.566	+0.018%	$193.6M	$715.6M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.486	−0.101%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.470	−0.126%	$2.6M	$663K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.380	−0.261%	$1.9M	$962K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.454	−0.150%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.530	−0.036%	$28.0M	$66.7M	50x	as long as short
Bitget XAGUSDT	+0.0200%	4h	66.490	−0.096%	$24.5M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.470	−0.126%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0226%	1h	66.465	−0.134%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0261%	1h	66.466	−0.132%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.465	−0.134%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.370	−0.276%	$20K	$22K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.481	−0.110%	$767K	$552K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.540	−0.021%	$50K	$331K	20x	as long as short