XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against Binance+0.024%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 2 days (all we have)−0.018%−$2 · spread now +0.024%, 7d avg +0.018%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.584	0.0122	pay 0.0061% / 4h	3h 02m	$193.6M	$716.7M	100x
Short	Bybit XAGUSDT	66.600	0	get 0.0000% / 4h	3h 02m	$25.6M	$35.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$25.55
Price spread: +0.024% → +0.018%: $0.6
Slippage, 4 orders: −$4.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.26
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 1 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 Binance live order book, 11 min ago	0.75 bp	5.8 bp −$6	6.1 bp −$61	9.5 bp −$947	23.2 bp −$11.6K
Sell Bybit live order book, 1 min ago	0.75 bp	7.6 bp −$8	9.9 bp −$99	16.0 bp −$1,602	84.8 bp −$42.4K

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	66.473	−0.167%	$15K	—	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	66.600	+0.024%	$25.6M	$35.7M	150x
Gate XAG_USDT	0.0000%	4h	66.580	−0.006%	$155.2M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	−0.036%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.610	+0.039%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	−0.021%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.482	−0.154%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.563	−0.032%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.517	−0.102%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.277%	$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	66.560	−0.036%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.011	+0.641%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	−0.131%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.559	−0.038%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.480	−0.156%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.171%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.560	−0.036%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.107%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.549	−0.053%	$165.9M	$84.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.545	−0.059%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.580	−0.006%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.521	−0.095%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.540	−0.066%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.141%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	−0.032%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.575	−0.014%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0119%	4h	66.554	−0.045%	$675K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.570	−0.021%	$108.8M	$160.7M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.543	−0.062%	$48K	—	10x	as long as short
Binance XAGUSDTlong	+0.0122%	4h	66.584	long leg	$193.6M	$716.7M	100x
Lighter XAG	+0.0128%	1h	66.569	−0.022%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.581	−0.005%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.550	−0.051%	$2.6M	$695K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.081%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.530	−0.081%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	−0.038%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.580	−0.006%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.580	−0.006%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	66.523	−0.091%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0251%	1h	66.598	+0.021%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.519	−0.098%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.044%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.081%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.524	−0.090%	$765K	$564K	25x	as long as short