XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$1.10 per $10,000 · paid last 24h +0.066%

Price spread now: Bitget against Phemex−0.015%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.015%, 7d avg −0.035%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.020% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.140	0	get 0.0000% / 4h	2h 46m	$1.5M	$257K	100x
Short	Bitget XAGUSDT	66.130	0.0220	get 0.0110% / 4h	2h 46m	$24.0M	$44.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: $46.2
Price spread: −0.015% → −0.035%: $2
Slippage, 4 orders: −$11.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.53
Costs to cover: 0.357%
Break-even: 5.1 days

Slippage from Phemex: live order book, 2 min ago; Bitget: 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 Phemex live order book, 2 min ago	0.76 bp	12.4 bp −$12	18.1 bp −$181	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.76 bp	6.8 bp −$7	8.7 bp −$87	16.6 bp −$1,657	40.8 bp −$20.4K

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	66.030	−0.166%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.054%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.091%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.140	long leg	$1.5M	$257K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.077	−0.095%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.145	+0.008%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.126	−0.022%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.081	−0.089%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.393%	$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
Phoenix SILVER	+0.0036%	1h	66.096	−0.067%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	0.000%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.150	+0.015%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.652%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.109	−0.047%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.072	−0.103%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.120	−0.030%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.136	−0.007%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0067%	1h	66.098	−0.064%	$166.6M	$73.9M	25x	as long as short
Bybit XAGUSDT	+0.0072%	4h	66.140	0.000%	$27.8M	$36.2M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.112	−0.042%	$519K	$26.7M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.096	−0.066%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.060%	$113K	$30K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.130	−0.015%	$2.6M	$571K	100x	as long as short
Aster XAGUSDT	+0.0107%	4h	66.139	−0.002%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.126	−0.021%	$5.3M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0144%	4h	66.123	−0.025%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.130	−0.015%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0159%	4h	66.135	−0.008%	$191.2M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0160%	4h	66.120	−0.030%	$116.3M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0163%	1h	66.114	−0.039%	$1.4M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0174%	4h	66.143	+0.005%	$671K	$312K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.242%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	66.093	−0.071%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	−0.030%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.030%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDTshort	+0.0220%	4h	66.130	−0.015%	$24.0M	$44.8M	100x
OKX XAG-USDT-SWAP	+0.0220%	8h	66.140	0.000%	$27.8M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.150	+0.015%	$43K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0232%	1h	66.121	−0.029%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	66.098	−0.063%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.135	−0.008%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.110	−0.046%	$909K	$688K	25x	as long as short