XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.029%

Price spread now: StandX against Lighter−0.098%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Lighter Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.098%, 7d avg +0.025%

Together, before fees+0.005%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board+$1 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 StandX is 0.123% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.684	0.0128	pay 0.0016% / 1h	9m 05s	$5.4M	$11.3M	25x
Short	StandX XAG-USD	65.620	0.0040	get 0.0005% / 1h	9m 05s	$789K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$18.48
Price spread: −0.098% → +0.025%: −$12.27
Slippage, 4 orders: −$15.68
Fee Lighter: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$54.44
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; StandX: live order book, 5 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, 4 min ago	0.47 bp	0.5 bp $0	0.6 bp −$6	5.9 bp −$593	17.1 bp −$8,550
Sell StandX live order book, 5 min ago	2.29 bp	9.3 bp −$9	9.3 bp −$93	30.9 bp −$3,092	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	65.642	−0.065%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.710	+0.039%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.720	+0.054%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	−0.007%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.113%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.675	−0.015%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.723	+0.058%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.674	−0.016%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.652	−0.050%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.089%	$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
Phoenix SILVER	+0.0036%	1h	65.648	−0.056%	$56K	$26K	25x	as long as short
StandX XAG-USDshort	+0.0040%	1h	65.620	−0.098%	$789K	$3.0M	40x
Gate XAG_USDT	+0.0042%	4h	65.700	+0.024%	$144.9M	$180.1M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.136	+0.687%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.693	+0.013%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.647	−0.057%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.690	+0.008%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.667	−0.027%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0056%	1h	65.545	−0.212%	$20K	$19K	10x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.012%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.695	+0.016%	$449K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0080%	1h	65.653	−0.048%	$171.1M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.700	+0.024%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	−0.076%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.690	+0.008%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.159%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.730	+0.069%	$29.0M	$39.0M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.154%	$5.5M	$9.5M	—	as long as short
Lighter XAGlong	+0.0128%	1h	65.684	long leg	$5.4M	$11.3M	25x
MEXC SILVER_USDT	+0.0136%	4h	65.680	−0.007%	$124.0M	$161.8M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.709	+0.037%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.705	+0.031%	$189.5M	$745.4M	100x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.189%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.655	−0.045%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.235%	$1.6M	$1.3M	20x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.502	−0.279%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.710	+0.039%	$66K	$368K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.061%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.710	+0.039%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.710	+0.039%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0243%	1h	65.726	+0.063%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.725	+0.062%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	−0.007%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.690	+0.009%	$916K	$735K	25x	as long as short