XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.023%

Price spread now: tradeXYZ against Lighter−0.056%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.056%, 7d avg −0.041%

Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	64.889	0.0224	pay 0.0028% / 1h	34m 00s	$5.3M	$11.0M	25x
Short	tradeXYZ xyz:SILVER	64.853	0.0135	get 0.0017% / 1h	34m 00s	$173.8M	$87.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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 LighterbpFee tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$18.59
Price spread: −0.056% → −0.041%: −$1.44
Slippage, 4 orders: −$2.26
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$40.3
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; tradeXYZ: live order book, 5 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 Lighter live order book, 4 min ago	0.01 bp	0.9 bp −$1	1.3 bp −$13	5.6 bp −$561	18.0 bp −$8,984
Sell tradeXYZ live order book, 5 min ago	0.31 bp	9.8 bp −$10	10.4 bp −$104	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	64.862	−0.042%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	+0.063%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.094%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.920	+0.048%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.036%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	+0.023%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.893	+0.006%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.822	−0.103%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.328%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.890	+0.001%	$780K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0042%	4h	64.900	+0.017%	$139.3M	$182.7M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.320	+0.664%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.900	+0.017%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	64.900	+0.017%	$121.0M	$158.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.836	−0.082%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.855	−0.053%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.810	−0.122%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0054%	4h	64.910	+0.032%	$195.8M	$775.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.908	+0.030%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.074%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.895	+0.009%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.904	+0.023%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.910	+0.032%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.953	+0.098%	$479K	$34.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.055%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.856	−0.051%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.880	−0.014%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	+0.027%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.029%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	+0.004%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVERshort	+0.0135%	1h	64.853	−0.056%	$173.8M	$87.1M	25x
Nado XAG-PERP	+0.0156%	1h	64.934	+0.069%	$1.2M	$4.2M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.912	+0.035%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0190%	4h	64.900	+0.017%	$23.4M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.900	+0.017%	$28.7M	$72.9M	50x	as long as short
Bybit XAGUSDT	+0.0202%	4h	64.910	+0.032%	$29.2M	$42.4M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.109%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.894	+0.008%	$78K	$37K	10x	as long as short
Lighter XAGlong	+0.0224%	1h	64.889	long leg	$5.3M	$11.0M	25x
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.071%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.928	+0.059%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.860	−0.045%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	+0.048%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.910	+0.032%	$1.0M	$889K	25x	as long as short