XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.045%

Price spread now: Coinbase International against Lighter RH−0.090%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.090%, 7d avg +0.001%

Together, before fees+0.320%+ Points / potential airdropLighter RH: Points live · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.091% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.001%). If the spread goes back, that is −$9 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.088	0.0032	pay 0.0004% / 1h	7m 11s	$4.6M	$10.0M	25x
Short	Coinbase International SILVER-PERP-INTX	65.030	0.0096	get 0.0012% / 1h	7m 11s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now −0.090%Rate

Funding earned: $13.44
Price spread: −0.090% → +0.001%: −$9.11
Slippage, 4 orders: −$9.58
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.25
Costs to cover: 0.196%
Break-even: 14.9 days

Slippage from Lighter RH: live order book, 2 min ago; Coinbase International: 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 Lighter RH live order book, 2 min ago	2.23 bp	2.2 bp −$2	3.3 bp −$33	28.5 bp −$2,852	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.77 bp	7.2 bp −$7	8.0 bp −$80	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
Ondo Perps XAG-USD.P	−0.0026%	1h	64.970	−0.182%	$5.7M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.035	−0.082%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.141%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.100	+0.018%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.213%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.090	+0.002%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.094%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.100	+0.018%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.023	−0.100%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.090	+0.002%	$140.2M	$181.7M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAGlong	+0.0032%	1h	65.088	long leg	$4.6M	$10.0M	25x
Extended XAG-USD	+0.0032%	1h	65.018	−0.109%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.015%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.080	−0.013%	$124.5M	$162.6M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.090	+0.002%	$191.6M	$755.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	+0.033%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.095	+0.010%	$2.7M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	−0.028%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.493	+0.621%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.077	−0.018%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.041	−0.073%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.025	−0.098%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.250%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.054	−0.052%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.076	−0.019%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	65.046	−0.065%	$172.9M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.055	−0.051%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0096%	1h	65.030	−0.090%	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.011	−0.119%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.040	−0.075%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.171%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.077	−0.018%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0136%	4h	65.100	+0.018%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.200%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.031	−0.088%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0162%	4h	65.090	+0.002%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.080	−0.013%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.094	+0.008%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	65.101	+0.020%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.052	−0.056%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.077	−0.018%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.021%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.053	−0.055%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	−0.013%	$65K	$398K	20x	as long as short