XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.062%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now −0.062%, 7d avg −0.095%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.033% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	64.920	0	get 0.0000% / 4h	3h 34m	$1.4M	$310K	100x
Short	KuCoin XAGUSDTM	64.880	0.0100	get 0.0050% / 4h	3h 34m	$25.1M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.062%Rate

Funding earned: $21
Price spread: −0.062% → −0.095%: $3.3
Slippage, 4 orders: −$16.82
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.52
Costs to cover: 0.408%
Break-even: 12.5 days

Slippage from Phemex: live order book, 4 min ago; KuCoin: 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 Phemex live order book, 4 min ago	1.54 bp	12.1 bp −$12	18.7 bp −$187	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.77 bp	8.5 bp −$8	16.2 bp −$162	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	64.862	−0.089%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	64.920	long leg	$1.4M	$310K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.084%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	−0.024%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.893	−0.042%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.865	−0.084%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.280%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.890	−0.046%	$780K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0042%	4h	64.940	+0.031%	$139.5M	$182.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.320	+0.616%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.900	−0.031%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	64.900	−0.031%	$121.0M	$158.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.836	−0.129%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.855	−0.100%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.810	−0.169%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0054%	4h	64.890	−0.046%	$195.8M	$774.8M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.908	−0.018%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.027%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.895	−0.038%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.906	−0.021%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.910	−0.015%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.953	+0.051%	$479K	$34.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.008%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.856	−0.099%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	64.880	−0.062%	$25.1M	$4.5M	75x
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.020%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.077%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.043%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.881	−0.060%	$173.8M	$86.9M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.934	+0.021%	$1.2M	$4.2M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.912	−0.013%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0190%	4h	64.890	−0.046%	$23.4M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.900	−0.031%	$28.7M	$72.9M	50x	as long as short
Bybit XAGUSDT	+0.0202%	4h	64.900	−0.031%	$29.1M	$42.4M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.062%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.894	−0.040%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.889	−0.048%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.023%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.928	+0.012%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.860	−0.092%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	0.000%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.910	−0.015%	$1.0M	$889K	25x	as long as short