XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0708%/8h= −77.5% APRnext payment −$0.89 per $10,000 · paid last 24h −0.066%

Price spread now: Pacifica against Deribit−0.101%7-day average −0.054% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.141%−$14 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.101%, 7d avg −0.054%

Together, before fees−0.170%+ Points / potential airdropPacifica: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Pacifica is 0.047% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.054%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.141% in total (about -14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	Deribit SILVER_USDC-PERPETUAL	66.220	0.0808	pay 0.0101% / 1h	45m 43s	$60K	$354K	20x
Short	Pacifica XAG	66.153	0.0100	get 0.0013% / 1h	45m 43s	$474K	$641K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.101%Rate

Funding earned: −$148.72
Price spread: −0.101% → −0.054%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$168.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 38 min ago; Pacifica: live order book, 38 min ago. Net counts fees only.

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, 38 min ago	0.76 bp	4.3 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.175	−0.067%	$777K	$586K	25x	as long as short
Hotstuff SILVER-PERP	−0.0072%	1h	66.161	−0.089%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.149%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	−0.015%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.204	−0.024%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.045%	$146.4M	$171.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	−0.015%	$2K	$3.2M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	−0.015%	$1.5M	$247K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.137	−0.125%	$120K	—	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0004%	4h	66.220	0.000%	$23.7M	$48.6M	100x	as long as short
Aster XAGUSDT	+0.0006%	4h	66.206	−0.022%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	−0.016%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	−0.045%	$144K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0029%	4h	66.180	−0.060%	$2.5M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.046%	$5.4M	$10.7M	—	as long as short
Lighter RH XAG	+0.0032%	1h	66.173	−0.071%	$4.5M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.140	−0.120%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	−0.030%	$116.8M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.106%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0043%	4h	66.210	−0.015%	$189.2M	$759.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.638	+0.631%	—	—	25x	as long as short
Lighter XAG	+0.0048%	1h	66.180	−0.061%	$5.2M	$10.7M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.162	−0.088%	$164.0M	$91.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.166	−0.082%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.138	−0.124%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.151%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.155	−0.098%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.198	−0.034%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	−0.044%	$671K	$315K	30x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.109%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0078%	1h	66.162	−0.087%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0092%	8h	66.192	−0.042%	$30K	$1K	5x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.153	−0.101%	$474K	$641K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.076%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.106%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.060%	$1.9M	$888K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0141%	8h	66.210	−0.015%	$27.2M	$67.4M	50x	as long as short
Nado XAG-PERP	+0.0156%	1h	66.148	−0.109%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0184%	1h	66.209	−0.016%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.205	−0.023%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0808%	1h	66.220	long leg	$60K	$354K	20x