XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.56 per $10,000 · paid last 24h −0.036%

Price spread now: Phemex against edgeX+0.032%78s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$360.357% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.032%, 7d avg +0.046%

Together, before fees−0.039%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 78 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	edgeX XAGUSDC	66.508	0.0112	pay 0.0056% / 4h	3h 21m	$675K	$314K	30x
Short	Phemex XAGUSDT	66.530	0	get 0.0000% / 4h	3h 21m	$1.5M	$252K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$23.52
Price spread: +0.032% → +0.046%: −$1.35
Slippage, 4 orders: −$14.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$60.6
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from edgeX: live order book, 52 min ago; Phemex: 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 edgeX live order book, 52 min ago	1.50 bp	6.0 bp −$6	6.0 bp −$60	8.4 bp −$840	20.2 bp −$10.1K
Sell Phemex live order book, 1 min ago	0.75 bp	12.6 bp −$13	19.3 bp −$193	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	66.422	−0.130%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	−0.013%	$25.6M	$35.6M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.485	−0.035%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	−0.028%	$154.9M	$168.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	−0.028%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.002%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	66.530	+0.032%	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.134%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.464	−0.066%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.415	−0.140%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.163%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.043%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.047%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.637%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	−0.053%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.461	−0.071%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.410	−0.148%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.178%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.490	−0.028%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0055%	1h	66.447	−0.092%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.459	−0.074%	$562K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0084%	4h	66.481	−0.041%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.008%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.470	−0.058%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.435	−0.110%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.490	−0.028%	$108.5M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	−0.088%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.043%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.496	−0.018%	$192.5M	$722.4M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.473	−0.054%	$48K	—	10x	as long as short
edgeX XAGUSDClong	+0.0112%	4h	66.508	long leg	$675K	$314K	30x
Lighter XAG	+0.0120%	1h	66.481	−0.041%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.022%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.500	−0.013%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.446	−0.094%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.490	−0.028%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.440	−0.103%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.500	−0.013%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.489	−0.029%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.505	−0.005%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.451	−0.086%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.495	−0.020%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	−0.073%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.464	−0.067%	$764K	$565K	25x	as long as short