XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Coinbase International against Deribit−0.046%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.046%, 7d avg −0.022%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.022%). If the spread goes back, that is −$2 on $10k: about 29 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.003% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.460	0.0056	pay 0.0007% / 1h	52m 15s	$66K	$370K	20x
Short	Coinbase International SILVER-PERP-INTX	65.430	0.0120	get 0.0015% / 1h	52m 15s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: $13.52
Price spread: −0.046% → −0.022%: −$2.34
Slippage, 4 orders: −$10.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.35
Costs to cover: 0.275%
Break-even: 15.5 days

Slippage from Deribit: live order book, 56 min ago; Coinbase International: 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 Deribit live order book, 56 min ago	0.76 bp	10.2 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.76 bp	7.3 bp −$7	8.5 bp −$85	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
Hibachi XAG/USDT-P	−0.0112%	1h	65.440	−0.031%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	+0.021%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0042%	1h	65.370	−0.137%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.471	+0.016%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.490	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.500	+0.061%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.431	−0.045%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.500	+0.061%	$143.8M	$177.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.474	+0.021%	$4.7M	$9.5M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.435	−0.038%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.436%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.480	+0.031%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.918	+0.700%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.453	−0.011%	$170.6M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.448	−0.018%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.435	−0.038%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0056%	1h	65.460	long leg	$66K	$370K	20x
Bybit XAGUSDT	+0.0056%	4h	65.490	+0.046%	$28.7M	$39.3M	150x	as long as short
Aster XAGUSDT	+0.0057%	4h	65.490	+0.046%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.479	+0.028%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.487	+0.041%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.154%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.450	−0.015%	$467K	$29.2M	8.1x	as long as short
Lighter XAG	+0.0096%	1h	65.481	+0.032%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.265%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0098%	4h	65.480	+0.031%	$188.4M	$750.4M	100x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	65.480	+0.031%	$113.5M	$156.4M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.446	−0.021%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.460	0.000%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.229%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.473	+0.019%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0120%	1h	65.430	−0.046%	$1.6M	$1.3M	20x
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.238%	$668K	$312K	30x	as long as short
Nado XAG-PERP	+0.0121%	1h	65.465	+0.007%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.144%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0169%	1h	65.499	+0.060%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.480	+0.031%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0201%	8h	65.480	+0.031%	$27.7M	$70.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.515	+0.084%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.475	+0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.092%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.447	−0.020%	$917K	$740K	25x	as long as short