XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.059%

Price spread now: RISEx against Deribit−0.027%7-day average +0.016% · 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−$26as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.027%, 7d avg +0.016%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and RISEx is 0.043% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.680	0.0207	pay 0.0026% / 1h	9m 42s	$66K	$368K	20x
Short	RISEx XAG/USDC	65.662	0.0030	get 0.0004% / 1h	9m 42s	$1.2M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$37.2
Price spread: −0.027% → +0.016%: −$4.29
Slippage, 4 orders: −$8.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$63.03
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Deribit: live order book, 39 min ago; RISEx: live order book, 4 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, 39 min ago	0.76 bp	10.2 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.10 bp	3.9 bp −$4	4.6 bp −$46	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
dYdX XAG-USD	0.0000%	1h	65.642	−0.058%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.015%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.107%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.097%	$119K	—	250x	as long as short
RISEx XAG/USDCshort	+0.0030%	1h	65.662	−0.027%	$1.2M	$4.9M	20x
Lighter RH XAG	+0.0032%	1h	65.694	+0.022%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	−0.063%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.096%	$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
Phoenix SILVER	+0.0036%	1h	65.418	−0.399%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.046%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.167%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.591%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.081%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	−0.067%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.076%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.111%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.019%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	−0.061%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.655	−0.038%	$171.1M	$82.1M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.680	0.000%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	−0.069%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	−0.030%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.426%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.720	+0.061%	$28.9M	$39.0M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.147%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.687	+0.011%	$5.3M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.690	+0.015%	$123.8M	$161.7M	1000x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.311%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	−0.003%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.690	+0.015%	$189.4M	$744.6M	100x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.149%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.361%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.228%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.381%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0207%	1h	65.680	long leg	$66K	$368K	20x
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.319%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.030%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.030%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.001%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	−0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.107%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	−0.035%	$916K	$735K	25x	as long as short