XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.064%

Price spread now: Bitget against SunX−0.075%50s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.803% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.075%, 7d avg −0.014%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.061% cheaper against SunX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.117% in total) that is about 3.6 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 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	SunX XAG-USDT	66.610	0	get 0.0000% / 4h	3h 01m	$2K	$2.9M	20x
Short	Bitget XAGUSDT	66.560	0.0196	get 0.0098% / 4h	3h 01m	$24.6M	$47.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.075%Rate

Funding earned: $41.16
Price spread: −0.075% → −0.014%: −$6.09
Slippage, 4 orders: −$60.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.23
Costs to cover: 0.803%
Break-even: 14.7 days

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 3 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 SunX live order book, 6 min ago	29.30 bp	33.3 bp −$33	62.4 bp −$624	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.75 bp	6.8 bp −$7	8.9 bp −$89	16.6 bp −$1,664	38.5 bp −$19.3K

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	66.529	−0.121%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.560	−0.075%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	−0.075%	$155.5M	$169.5M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.610	long leg	$2K	$2.9M	20x
HTX XAG-USDT	0.0000%	4h	66.610	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.590	−0.030%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.182%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.543	−0.101%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.494	−0.175%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.315%	$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
StandX XAG-USD	+0.0040%	1h	66.590	−0.030%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.569%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	−0.144%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.155%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	−0.132%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.517	−0.140%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.240%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.105%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.529	−0.122%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.513	−0.146%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.557	−0.079%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.504	−0.159%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.135%	$24.6M	$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	+0.0102%	4h	66.563	−0.071%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.546	−0.097%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.550	−0.090%	$108.8M	$161.4M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.583	−0.041%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.547	−0.095%	$193.5M	$716.8M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	−0.087%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.549	−0.092%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	−0.081%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.550	−0.090%	$2.6M	$695K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.120%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.506	−0.156%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	−0.077%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	−0.075%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDTshort	+0.0196%	4h	66.560	−0.075%	$24.6M	$47.5M	100x
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	−0.110%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	−0.069%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	−0.119%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.083%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.580	−0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.560	−0.075%	$765K	$564K	25x	as long as short