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−$34
spread now−0.056%7d average−0.118%fees + slippage, in and out−$40spread needed0.400%
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAGUSDT66.1500get 0.0000% / 4h3h 10m$1.5M$250K100x
ShortKraken Futures PF_XAGUSD66.1130.0288get 0.0036% / 1h10m 02s$782K$646K25x

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
−$5.64
Funding while held
$8.65
Slippage, 4 orders
−$18.01
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$36.99
Spread needed to break even
0.400%
Slippage from Phemex: live order book, 4 min ago; Kraken Futures: live order book, 35 min ago.

Cost of waiting

funding view
Funding /8h
+0.0288%
Per $10,000 a day
+$8.65
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 Phemex live order book, 4 min ago0.76 bp14.1 bp −$1418.7 bp −$187doesn't fitdoesn't fit
Sell Kraken Futures live order book, 35 min ago3.62 bp9.1 bp −$919.3 bp −$19377.7 bp −$7,773doesn't fit

XAG price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps66.040cheapestPhoenix66.055+0.023%Hibachi66.060+0.030%Nado66.062+0.034%dYdX66.071+0.047%SoDEX66.082+0.064%KuCoin66.090+0.076%ApeX Omni66.090+0.076%gTrade (Gains Network)66.093+0.081%Extended66.094+0.082%Kalshi66.099+0.089%Pacifica66.099+0.089%RISEx66.101+0.092%Polymarket Perps66.103+0.095%edgeX66.107+0.101%tradeXYZ66.107+0.101%
Kraken Futures66.113+0.110%
QFEX66.120+0.121%Aftermath Perps66.121+0.123%Variational Omni66.121+0.123%Hotstuff66.123+0.126%Binance66.130+0.136%Gate66.130+0.136%MEXC66.130+0.136%StandX66.130+0.136%Deribit66.130+0.136%Lighter RH66.134+0.142%GMX66.135+0.144%Aevo66.136+0.145%Aster66.140+0.151%Bitget66.140+0.151%SunX66.140+0.151%BloFin66.140+0.151%Paradex66.140+0.152%Lighter66.142+0.154%Bullet66.145+0.159%Bybit66.150+0.167%OKX66.150+0.167%
Phemex66.150+0.167%
HTX66.170+0.197%Coinbase International66.330+0.439%Injective66.400+0.545%Vest66.590+0.833%

XAG on 43 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.166%−0.0046%1h$6.1M$8.2M25xas long as short
Phoenix SILVER−0.144%−0.0012%1h$56K$26K25xas long as short
Hibachi XAG/USDT-P−0.136%0.0000%1h$20K$21K10xas long as short
Nado XAG-PERP−0.133%+0.0104%1h$1.3M$6.2M10xas long as short
dYdX XAG-USD−0.119%0.0000%1h$15K$9975xas long as short
SoDEX SILVER-USD−0.103%+0.0050%1h$4K$5K20xas long as short
KuCoin XAGUSDTM−0.091%+0.0100%4h$23.0M$3.9M75xas long as short
ApeX Omni XAGUSDT−0.091%+0.0100%1h$112K$189K50xas long as short
gTrade (Gains Network) XAG/USD−0.086%L +0.0004% / S −0.0006%1h$120K—250xas long as short
Extended XAG-USD−0.085%+0.0104%1h$4.8M$14.4M10xas long as short
Show all 43 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXSILVERPERP−0.077%0.0000%24h$721K$20.7M8.1xas long as short
Pacifica XAG−0.077%+0.0100%1h$476K$704K10xas long as short
RISEx XAG/USDC−0.075%0.0000%1h$1.4M$3.9M20xas long as short
Polymarket Perps SILVER-USD−0.071%+0.0050%1h$3.7M$418K20xas long as short
edgeX XAGUSDC−0.065%+0.0027%4h$668K$317K30xas long as short
tradeXYZ xyz:SILVER−0.065%+0.0050%1h$159.8M$93.1M25xas long as short
Kraken Futures PF_XAGUSDshort−0.056%+0.0288%1h$782K$646K25x
QFEX SILVER-USD−0.045%+0.0034%1h$153K$2.8M20xas long as short
Aftermath Perps XAGUSD−0.044%+0.0139%1h$79K$40K10xas long as short
Variational Omni XAG−0.043%+0.0015%4h$5.6M$13.0M—as long as short
Hotstuff SILVER-PERP−0.041%−0.0080%1h$31K$13K20xas long as short
Binance XAGUSDT−0.030%+0.0019%4h$191.0M$780.8M100xas long as short
Gate XAG_USDT−0.030%0.0000%4h$132.7M$191.7M100xas long as short
MEXC SILVER_USDT−0.030%+0.0018%4h$118.1M$186.4M1000xas long as short
StandX XAG-USD−0.030%+0.0040%1h$701K$2.3M40xas long as short
Deribit SILVER_USDC-PERPETUAL−0.030%+0.0204%1h$88K$621K20xas long as short
Lighter RH XAG−0.025%+0.0032%1h$4.7M$9.0M25xas long as short
GMX SILVER/USD [ETH-USDC]−0.023%L +0.0227% / S −0.0209%1h$84K—111xas long as short
Aevo XAG-PERP−0.021%+0.0040%1h$47K—10xas long as short
Aster XAGUSDT−0.015%+0.0005%4h$2.8M$1.3M100xas long as short
Bitget XAGUSDT−0.015%+0.0168%4h$23.1M$49.1M100xas long as short
SunX XAG-USDT−0.015%0.0000%4h$2K$3.6M20xas long as short
BloFin XAG-USDT−0.015%+0.0015%4h$2.7M$1.6M100xas long as short
Paradex XAG-USD-PERP−0.015%+0.0055%8h$30K$1K5xas long as short
Lighter XAG−0.012%+0.0088%1h$5.4M$10.5M25xas long as short
Bullet SILVER-USD−0.008%+0.0116%1h$46K$76K10xas long as short
Bybit XAGUSDT0.000%+0.0032%4h$24.9M$37.0M150xas long as short
OKX XAG-USDT-SWAP0.000%+0.0120%8h$27.6M$66.4M50xas long as short
Phemex XAGUSDTlong0.000%0.0000%4h$1.5M$250K100x
HTX XAG-USDT+0.030%0.0000%4h$1.0M$1.1M75xas long as short
Coinbase International SILVER-PERP-INTX+0.272%+0.0200%1h$1.8M$1.2M20xas long as short
Injective XAG/USDC PERP+0.378%+0.0033%1h$11K$94K52xas long as short
Vest SI-PERP+0.665%+0.0046%1h——25xas long as short