XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.075%50s7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as 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−$460.456% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.075%, 7d avg +0.099%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.099%). Swap the legs. The two prices were read 50 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	KuCoin XAGUSDTM	66.500	0.0100	pay 0.0050% / 4h	3h 00m	$24.6M	$4.5M	75x
Short	Phemex XAGUSDT	66.550	0	get 0.0000% / 4h	3h 00m	$1.5M	$251K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → +0.099%: −$2.35
Slippage, 4 orders: −$21.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$68.9
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: 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 KuCoin live order book, 3 min ago	0.75 bp	7.5 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.50 bp	9.0 bp −$9	14.5 bp −$145	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	66.475	−0.037%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.060%	$25.5M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.045%	$154.7M	$169.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.090%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	+0.135%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	66.550	+0.075%	$1.5M	$251K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.467	−0.049%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.534	+0.052%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.469	−0.047%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.150%	$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	66.590	+0.135%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.710%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.011%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	−0.002%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.475	−0.038%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.090%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.045%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.519	+0.029%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.493	−0.011%	$165.9M	$85.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	+0.021%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.510	+0.015%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.024%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.500	long leg	$24.6M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.045%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.065%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.542	+0.063%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	+0.029%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.520	+0.030%	$108.9M	$161.4M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.135%	$2.6M	$683K	100x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.530	+0.045%	$193.5M	$718.1M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.078%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.514	+0.021%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.540	+0.060%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	+0.045%	$1.9M	$935K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	+0.003%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.088%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.540	+0.060%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.530	+0.045%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	+0.016%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.543	+0.065%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.007%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	+0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.520	+0.030%	$765K	$564K	25x	as long as short