XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0322%/8h= +35.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.072%

Price spread now: Deribit against Lighter RH+0.010%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.100%+$10 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.010%, 7d avg +0.025%

Together, before fees+0.138%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.100% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.214	0.0032	pay 0.0004% / 1h	49m 47s	$4.8M	$9.4M	25x
Short	Deribit SILVER_USDC-PERPETUAL	66.220	0.0354	get 0.0044% / 1h	49m 47s	$50K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.010%Rate

Funding earned: $67.71
Price spread: +0.010% → +0.025%: −$1.51
Slippage, 4 orders: −$8.07
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $51.13
Costs to cover: 0.151%
Break-even: 1.7 days

Slippage from Lighter RH: live order book, 4 min ago; Deribit: live order book, 14 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	1.54 bp	1.5 bp −$2	2.2 bp −$22	22.7 bp −$2,270	doesn't fit
Sell Deribit live order book, 14 min ago	0.75 bp	4.3 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit

XAG on 43 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	66.178	−0.054%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.040%	$151.4M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.055%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.070%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.055%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.045%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0017%	1h	66.160	−0.081%	$5.7M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.228	+0.022%	$35K	$21K	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.214	long leg	$4.8M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.169	−0.067%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.282%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	+0.025%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.724%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	+0.007%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.064%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.250	+0.055%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.001%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.135%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.037%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.206	−0.011%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.200	−0.021%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.176%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.255	+0.063%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.231	+0.027%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	+0.040%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	+0.012%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	+0.026%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.043%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.267	+0.081%	$1.2M	$4.4M	20x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.228	+0.021%	$191.8M	$706.2M	100x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.220	+0.010%	$110.5M	$151.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.206%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.230%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.230	+0.025%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.079%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	+0.001%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.022%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.230	+0.025%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.264	+0.076%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.251%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	+0.063%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0354%	1h	66.220	+0.010%	$50K	$326K	20x
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.008%	$763K	$475K	25x	as long as short