XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.023%

Price spread now: Aster against Phemex−0.104%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$380.384% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.104%, 7d avg −0.039%

Together, before fees+0.065%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.065% cheaper against Phemex than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.039%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.045% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.450	0	get 0.0000% / 4h	2h 57m	$1.5M	$251K	100x
Short	Aster XAGUSDT	66.381	0.0096	get 0.0048% / 4h	2h 57m	$2.7M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.104%Rate

Funding earned: $20.14
Price spread: −0.104% → −0.039%: −$6.52
Slippage, 4 orders: −$18.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.8
Costs to cover: 0.384%
Break-even: 15.6 days

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 6 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 Phemex live order book, 5 min ago	1.50 bp	19.9 bp −$20	22.3 bp −$223	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.75 bp	4.8 bp −$5	6.9 bp −$69	11.4 bp −$1,138	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	66.325	−0.188%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.440	−0.015%	$25.9M	$35.8M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.425	−0.038%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.430	−0.030%	$154.2M	$159.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	+0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.450	long leg	$1.5M	$251K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.409	−0.062%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.377	−0.109%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.346	−0.156%	$5.4M	$12.5M	10x	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	+0.0033%	1h	66.320	−0.196%	$5.7M	$9.5M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.075%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.470	+0.030%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.906	+0.686%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.086%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.431	−0.029%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.385	−0.098%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.045%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.059%	$548K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.424	−0.039%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDTshort	+0.0096%	4h	66.381	−0.104%	$2.7M	$1.0M	100x
tradeXYZ xyz:SILVER	+0.0097%	1h	66.362	−0.132%	$165.6M	$85.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.371	−0.119%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	−0.135%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.120%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.140%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.414	−0.054%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.154%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.410	−0.060%	$108.0M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.420	−0.045%	$193.2M	$716.5M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.450	−0.001%	$48K	—	10x	as long as short
Lighter XAG	+0.0160%	1h	66.386	−0.096%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	0.000%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.060%	$1.9M	$960K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.420	−0.045%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.152%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0198%	4h	66.430	−0.030%	$24.5M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.460	+0.015%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0243%	1h	66.420	−0.045%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.474	+0.036%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.475	+0.038%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.371	−0.119%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.440	−0.015%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.425	−0.038%	$766K	$552K	25x	as long as short