XAG

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.422%

7d average−0.057%if it closes, per $10,000$42funding while held, a day−$1.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	22m 44s	$11K	$218K	52x
Short	Phemex XAGUSDT	66.120	0	get 0.0000% / 4h	1h 22m	$1.5M	$245K	100x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee InjectivebpFee PhemexbpOrdersClose when spread is

Spread captured: −$42.17
Funding while held: −$1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.19
Spread needed to break even: 0.120%

Slippage unknown: Injective: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0033%
Per $10,000 a day: −$1.00
Average in range /8h: —

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 Injective no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	1.51 bp	16.4 bp −$16	21.0 bp −$210	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG price on every exchange

against the cheapest. Click to use as the short leg.

tradeXYZ65.967cheapest Lighter RH65.998+0.047%Lighter66.009+0.064%Ondo Perps66.010+0.065%Extended66.011+0.067%Binance66.011+0.067%Aster66.030+0.096%MEXC66.040+0.111%Bitget66.040+0.111%Kalshi66.048+0.123%gTrade (Gains Network)66.055+0.134%Kraken Futures66.055+0.134%dYdX66.058+0.138%SoDEX66.058+0.138%OKX66.060+0.141%Gate66.060+0.141%KuCoin66.060+0.141%Polymarket Perps66.064+0.147%Hibachi66.065+0.149%Bybit66.070+0.156%ApeX Omni66.080+0.171%Pacifica66.082+0.174%Phoenix66.084+0.177%Aftermath Perps66.089+0.185%Nado66.094+0.193%Hotstuff66.095+0.194%Aevo66.095+0.195%QFEX66.100+0.202%Deribit66.100+0.202%RISEx66.101+0.204%Bullet66.111+0.219%Paradex66.113+0.222%GMX66.115+0.224%Variational Omni66.119+0.230%StandX66.120+0.232%SunX66.120+0.232%

Phemex66.120+0.232%

BloFin66.120+0.232%Coinbase International66.160+0.293%HTX66.170+0.308%edgeX66.185+0.330%

Injective66.400+0.656%

Vest66.564+0.905%

XAG on 43 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:SILVER	−0.652%	+0.0050%	1h	$160.7M	$87.7M	25x	as long as short
Lighter RH XAG	−0.605%	+0.0032%	1h	$4.6M	$8.4M	25x	as long as short
Lighter XAG	−0.589%	+0.0104%	1h	$5.2M	$10.4M	25x	as long as short
Ondo Perps XAG-USD.P	−0.587%	−0.0062%	1h	$6.1M	$7.1M	25x	as long as short
Extended XAG-USD	−0.586%	+0.0032%	1h	$4.2M	$13.4M	10x	as long as short
Binance XAGUSDT	−0.585%	+0.0089%	4h	$183.9M	$725.4M	100x	as long as short
Aster XAGUSDT	−0.557%	+0.0016%	4h	$2.8M	$1.1M	100x	as long as short
MEXC SILVER_USDT	−0.542%	+0.0094%	4h	$108.3M	$166.0M	1000x	as long as short
Bitget XAGUSDT	−0.542%	+0.0174%	4h	$22.7M	$46.1M	100x	as long as short
Kalshi KXSILVERPERP	−0.530%	0.0000%	24h	$728K	$18.1M	8.1x	as long as short

Show all 43 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	−0.519%	L +0.0004% / S −0.0006%	1h	$115K	—	250x	as long as short
Kraken Futures PF_XAGUSD	−0.519%	−0.0030%	1h	$738K	$411K	25x	as long as short
dYdX XAG-USD	−0.515%	0.0000%	1h	$15K	$997	5x	as long as short
SoDEX SILVER-USD	−0.515%	+0.0050%	1h	$4K	$5K	20x	as long as short
OKX XAG-USDT-SWAP	−0.512%	+0.0151%	8h	$27.7M	$59.3M	50x	as long as short
Gate XAG_USDT	−0.512%	0.0000%	4h	$129.7M	$176.3M	100x	as long as short
KuCoin XAGUSDTM	−0.512%	+0.0100%	4h	$24.1M	$3.3M	75x	as long as short
Polymarket Perps SILVER-USD	−0.506%	+0.0050%	1h	$3.6M	$244K	20x	as long as short
Hibachi XAG/USDT-P	−0.504%	−0.0480%	1h	$21K	$17K	10x	as long as short
Bybit XAGUSDT	−0.497%	+0.0054%	4h	$23.8M	$34.2M	150x	as long as short
ApeX Omni XAGUSDT	−0.482%	+0.0100%	1h	$112K	$189K	50x	as long as short
Pacifica XAG	−0.480%	+0.0100%	1h	$476K	$673K	10x	as long as short
Phoenix SILVER	−0.476%	0.0000%	1h	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	−0.468%	+0.0148%	1h	$79K	$39K	10x	as long as short
Nado XAG-PERP	−0.461%	+0.0082%	1h	$1.3M	$6.0M	10x	as long as short
Hotstuff SILVER-PERP	−0.459%	+0.0024%	1h	$31K	$13K	20x	as long as short
Aevo XAG-PERP	−0.459%	+0.0104%	1h	$47K	—	10x	as long as short
QFEX SILVER-USD	−0.452%	+0.0041%	1h	$147K	$2.8M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	−0.452%	+0.0204%	1h	$88K	$600K	20x	as long as short
RISEx XAG/USDC	−0.450%	0.0000%	1h	$1.4M	$2.3M	20x	as long as short
Bullet SILVER-USD	−0.435%	+0.0217%	1h	$44K	$78K	10x	as long as short
Paradex XAG-USD-PERP	−0.432%	+0.0059%	8h	$30K	$1K	5x	as long as short
GMX SILVER/USD [ETH-USDC]	−0.429%	L +0.0249% / S −0.0239%	1h	$82K	—	111x	as long as short
Variational Omni XAG	−0.423%	+0.0091%	4h	$5.9M	$12.1M	—	as long as short
StandX XAG-USD	−0.422%	+0.0040%	1h	$701K	$1.6M	40x	as long as short
SunX XAG-USDT	−0.422%	0.0000%	4h	$2K	$3.4M	20x	as long as short
Phemex XAGUSDTshort	−0.422%	0.0000%	4h	$1.5M	$245K	100x
BloFin XAG-USDT	−0.422%	+0.0041%	4h	$2.6M	$1.6M	100x	as long as short
Coinbase International SILVER-PERP-INTX	−0.361%	+0.0224%	1h	$1.8M	$1.1M	20x	as long as short
HTX XAG-USDT	−0.346%	0.0000%	4h	$1.0M	$866K	75x	as long as short
edgeX XAGUSDC	−0.324%	+0.0102%	4h	$668K	$328K	30x	as long as short
Injective XAG/USDC PERPlong	0.000%	+0.0033%	1h	$11K	$218K	52x
Vest SI-PERP	+0.247%	+0.0046%	1h	—	—	25x	as long as short