XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.6% APRnext payment −$0.58 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BloFin−0.126%61s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as 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−$280.281% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.126%, 7d avg −0.009%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.117% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.195%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	65.120	0.0157	pay 0.0078% / 4h	2m 11s	$2.7M	$626K	100x
Short	Binance XAGUSDT	65.038	0.0041	get 0.0021% / 4h	2m 11s	$191.4M	$757.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.126%Rate

Funding earned: −$24.26
Price spread: −0.126% → −0.009%: −$11.72
Slippage, 4 orders: −$6.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.11
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 12 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 BloFin live order book, 6 min ago	0.77 bp	6.8 bp −$7	6.8 bp −$68	8.1 bp −$807	17.8 bp −$8,918
Sell Binance live order book, 12 min ago	0.77 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$834	22.0 bp −$11.0K

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
Ondo Perps XAG-USD.P	−0.0018%	1h	64.950	−0.261%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.057	−0.097%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.189%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.040	−0.123%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.060	−0.092%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.090	−0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.050	−0.107%	$1.4M	$286K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.098%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.967	−0.235%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.070	−0.077%	$140.2M	$182.2M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.031	−0.137%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.975	−0.223%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.966%	$11K	$94K	52x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	−0.068%	$662K	$313K	30x	as long as short
MEXC SILVER_USDT	+0.0038%	4h	65.030	−0.138%	$127.5M	$163.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.100	−0.031%	$783K	$3.0M	40x	as long as short
Binance XAGUSDTshort	+0.0041%	4h	65.038	−0.126%	$191.4M	$757.5M	100x
QFEX SILVER-USD	+0.0044%	1h	65.040	−0.123%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.463	+0.527%	—	—	25x	as long as short
Aster XAGUSDT	+0.0048%	4h	65.038	−0.127%	$2.6M	$982K	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.015	−0.161%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.956	−0.252%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.041	−0.121%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.034	−0.133%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.101%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.011	−0.167%	$172.9M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.016	−0.160%	$500K	$32.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.138%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.997	−0.189%	$462K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.990	−0.200%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.077%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.053	−0.103%	$1.3M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	−0.033%	$385K	$1.6M	25x	as long as short
BloFin XAG-USDTlong	+0.0157%	4h	65.120	long leg	$2.7M	$626K	100x
Nado XAG-PERP	+0.0157%	1h	64.994	−0.193%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.040	−0.123%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0177%	8h	65.040	−0.123%	$28.3M	$71.0M	50x	as long as short
Lighter XAG	+0.0192%	1h	65.026	−0.144%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.045	−0.115%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.020	−0.154%	$20K	$15K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.045	−0.115%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0239%	1h	65.054	−0.102%	$44K	$75K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.018	−0.156%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.169%	$66K	$400K	20x	as long as short