XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.047%

Price spread now: Coinbase International against Lighter RH−0.119%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.119%, 7d avg +0.002%

Together, before fees+0.396%+ Points / potential airdropLighter RH: Points live · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.121% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.002%). If the spread goes back, that is −$12 on $10k: about 2.4 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.099	0.0032	pay 0.0004% / 1h	9m 35s	$4.8M	$9.6M	25x
Short	Coinbase International SILVER-PERP-INTX	66.020	0.0200	get 0.0025% / 1h	9m 35s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now −0.119%Rate

Funding earned: $35.28
Price spread: −0.119% → +0.002%: −$12.06
Slippage, 4 orders: −$7.57
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.65
Costs to cover: 0.176%
Break-even: 5.9 days

Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 4 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 RH live order book, 4 min ago	1.50 bp	1.7 bp −$2	2.6 bp −$26	21.1 bp −$2,111	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.76 bp	7.1 bp −$7	8.6 bp −$86	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
dYdX XAG-USD	0.0000%	1h	66.018	−0.122%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.032%	$150.2M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.002%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.048%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.063%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.028	−0.107%	$120K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.099	long leg	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.040	−0.089%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.456%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.070	−0.043%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.980	−0.179%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.530	+0.653%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.079	−0.030%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.080	−0.028%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.021	−0.117%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.110	+0.017%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.069%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.057	−0.063%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.054	−0.067%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	−0.028%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.104%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.073	−0.039%	$166.0M	$73.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.100	+0.002%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.111	+0.019%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0146%	4h	66.080	−0.028%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.130	+0.048%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.101	+0.004%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.097	−0.002%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0200%	1h	66.020	−0.119%	$1.8M	$1.0M	20x
Variational Omni XAG	+0.0204%	4h	66.063	−0.054%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.032%	$2.6M	$554K	100x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.110	+0.017%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0213%	1h	66.060	−0.059%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0215%	4h	66.123	+0.037%	$192.8M	$700.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.045%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.062%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.110	+0.017%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.110	+0.017%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	−0.013%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.104	+0.008%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.028%	$75K	$362K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.020	−0.119%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	+0.025%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.070	−0.044%	$912K	$683K	25x	as long as short