XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0173%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.074%

Price spread now: Lighter RH against Deribit+0.009%7-day average −0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.009%, 7d avg −0.024%

Together, before fees−0.199%+ Points / potential airdropLighter RH: Points live · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.033% dearer against Deribit than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.024%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.950	0.0205	pay 0.0026% / 1h	41m 06s	$75K	$363K	20x
Short	Lighter RH XAG	65.956	0.0032	get 0.0004% / 1h	41m 06s	$4.8M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$36.35
Price spread: +0.009% → −0.024%: $3.25
Slippage, 4 orders: −$10.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$50.56
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; Lighter RH: 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 Deribit live order book, 12 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.03 bp	2.0 bp −$2	2.5 bp −$25	16.3 bp −$1,629	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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.830	−0.182%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.025%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.980	+0.045%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.970	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.106%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.045%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.914	−0.055%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	65.956	+0.009%	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	65.910	−0.061%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.682%	$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	65.970	+0.030%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.389	+0.666%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.922	−0.042%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.940	−0.015%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.909	−0.062%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.927	−0.035%	$165.9M	$73.6M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	0.000%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.930	−0.030%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.092%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.970	+0.030%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.894	−0.085%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.045%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.958	+0.013%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	65.951	+0.002%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.990	+0.061%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.970	+0.030%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.919	−0.047%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.960	+0.015%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.020%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.960	+0.015%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0203%	4h	65.970	+0.030%	$191.0M	$702.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0205%	1h	65.950	long leg	$75K	$363K	20x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	0.000%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.937	−0.019%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.109%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0219%	4h	65.962	+0.018%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.970	+0.030%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.974	+0.037%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	+0.015%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.970	+0.030%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.058%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	+0.038%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.935	−0.023%	$910K	$683K	25x	as long as short