data as of
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Price arb /

XAG

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$12
spread now+0.077%7d average+0.047%fees + slippage, in and out−$15spread needed0.153%
Long on LighterShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XAG66.1390.0112pay 0.0014% / 1h26m 48s$5.2M$10.4M25x
ShortBybit XAGUSDT66.1900.0055get 0.0027% / 4h1h 26m$23.9M$34.2M150x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.68
Funding while held
−$1.71
Slippage, 4 orders
−$4.34
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$9.37
Spread needed to break even
0.153%
Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0057%
Per $10,000 a day
−$1.71
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 3 min ago0.75 bp0.8 bp −$12.0 bp −$206.0 bp −$60219.1 bp −$9,552
Sell Bybit live order book, 3 min ago0.75 bp7.5 bp −$810.1 bp −$10119.6 bp −$1,96378.7 bp −$39.4K

XAG price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps66.030cheapestKalshi66.065+0.053%SoDEX66.066+0.055%Kraken Futures66.071+0.063%gTrade (Gains Network)66.079+0.075%Extended66.080+0.075%Phoenix66.084+0.082%tradeXYZ66.094+0.097%Hotstuff66.095+0.098%Pacifica66.096+0.099%Deribit66.100+0.106%Hibachi66.102+0.109%Polymarket Perps66.102+0.109%Aftermath Perps66.103+0.111%KuCoin66.110+0.121%ApeX Omni66.110+0.121%Aevo66.116+0.130%dYdX66.119+0.135%Variational Omni66.119+0.135%QFEX66.120+0.136%SunX66.120+0.136%RISEx66.126+0.145%BloFin66.130+0.151%Nado66.133+0.157%GMX66.135+0.159%Aster66.137+0.162%
Lighter66.139+0.165%
MEXC66.140+0.167%Bitget66.140+0.167%Paradex66.142+0.169%Bullet66.143+0.171%Lighter RH66.144+0.172%edgeX66.149+0.180%Gate66.150+0.182%Binance66.153+0.187%OKX66.160+0.197%StandX66.160+0.197%Coinbase International66.160+0.197%HTX66.170+0.212%Phemex66.170+0.212%
Bybit66.190+0.242%
Injective66.400+0.560%Vest66.596+0.857%

XAG on 43 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.165%−0.0056%1h$6.1M$7.0M25xas long as short
Kalshi KXSILVERPERP−0.112%0.0000%24h$728K$18.1M8.1xas long as short
SoDEX SILVER-USD−0.111%+0.0050%1h$4K$5K20xas long as short
Kraken Futures PF_XAGUSD−0.102%−0.0030%1h$739K$411K25xas long as short
gTrade (Gains Network) XAG/USD−0.090%L +0.0004% / S −0.0006%1h$115K—250xas long as short
Extended XAG-USD−0.090%+0.0032%1h$4.2M$13.4M10xas long as short
Phoenix SILVER−0.083%0.0000%1h$56K$26K25xas long as short
tradeXYZ xyz:SILVER−0.068%+0.0050%1h$161.1M$87.7M25xas long as short
Hotstuff SILVER-PERP−0.067%+0.0168%1h$31K$13K20xas long as short
Pacifica XAG−0.066%+0.0100%1h$476K$673K10xas long as short
Show all 43 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit SILVER_USDC-PERPETUAL−0.059%+0.0053%1h$88K$599K20xas long as short
Hibachi XAG/USDT-P−0.057%−0.0472%1h$22K$16K10xas long as short
Polymarket Perps SILVER-USD−0.056%+0.0050%1h$3.6M$244K20xas long as short
Aftermath Perps XAGUSD−0.054%+0.0153%1h$79K$39K10xas long as short
KuCoin XAGUSDTM−0.044%+0.0100%4h$24.1M$3.3M75xas long as short
ApeX Omni XAGUSDT−0.044%+0.0100%1h$113K$189K50xas long as short
Aevo XAG-PERP−0.035%+0.0104%1h$47K—10xas long as short
dYdX XAG-USD−0.031%0.0000%1h$15K$9975xas long as short
Variational Omni XAG−0.030%+0.0102%4h$5.7M$11.9M—as long as short
QFEX SILVER-USD−0.029%+0.0041%1h$147K$2.8M20xas long as short
SunX XAG-USDT−0.029%0.0000%4h$2K$3.4M20xas long as short
RISEx XAG/USDC−0.020%0.0000%1h$1.4M$2.3M20xas long as short
BloFin XAG-USDT−0.014%+0.0159%4h$2.6M$1.6M100xas long as short
Nado XAG-PERP−0.009%+0.0090%1h$1.3M$5.9M10xas long as short
GMX SILVER/USD [ETH-USDC]−0.006%L +0.0248% / S −0.0236%1h$82K—111xas long as short
Aster XAGUSDT−0.003%+0.0021%4h$2.8M$1.1M100xas long as short
Lighter XAGlong0.000%+0.0112%1h$5.2M$10.4M25x
MEXC SILVER_USDT+0.001%+0.0098%4h$109.3M$165.5M1000xas long as short
Bitget XAGUSDT+0.001%+0.0180%4h$22.8M$46.0M100xas long as short
Paradex XAG-USD-PERP+0.004%+0.0059%8h$30K$1K5xas long as short
Bullet SILVER-USD+0.006%+0.0224%1h$44K$78K10xas long as short
Lighter RH XAG+0.007%+0.0032%1h$4.6M$8.4M25xas long as short
edgeX XAGUSDC+0.015%+0.0107%4h$668K$327K30xas long as short
Gate XAG_USDT+0.016%0.0000%4h$130.1M$175.7M100xas long as short
Binance XAGUSDT+0.021%+0.0096%4h$185.1M$722.9M100xas long as short
OKX XAG-USDT-SWAP+0.031%+0.0154%8h$27.7M$59.2M50xas long as short
StandX XAG-USD+0.031%+0.0040%1h$701K$1.6M40xas long as short
Coinbase International SILVER-PERP-INTX+0.031%+0.0224%1h$1.8M$1.1M20xas long as short
HTX XAG-USDT+0.047%0.0000%4h$1.0M$866K75xas long as short
Phemex XAGUSDT+0.047%0.0000%4h$1.5M$245K100xas long as short
Bybit XAGUSDTshort+0.077%+0.0055%4h$23.9M$34.2M150x
Injective XAG/USDC PERP+0.394%+0.0033%1h$11K$218K52xas long as short
Vest SI-PERP+0.691%+0.0046%1h——25xas long as short