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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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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.

Alert: spread
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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.

Funding you earn now, next payment 04:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter RH against Phoenix+0.072%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PhoenixShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
The price spread pays, funding is against you. Lighter RH is 0.072% dearer against Phoenix than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SILVER65.8890.0073pay 0.0009% / 1h41m 29s$56K$26K25x
ShortLighter RH XAG65.9360.0032get 0.0004% / 1h41m 29s$4.8M$9.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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

Funding earned
−$8.56
Price spread: +0.072% → 0.000%
$7.19
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$8.36
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Phoenix: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample—————
Sell Lighter RH live order book, 2 min ago2.03 bp2.0 bp −$22.5 bp −$2516.3 bp −$1,629doesn't fit
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0046%1h65.830−0.090%$5.7M$9.3M25xas long as short
dYdX XAG-USD0.0000%1h65.934+0.068%$14K—5xas long as short
Gate XAG_USDT0.0000%4h65.980+0.138%$149.5M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.960+0.108%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.020+0.199%$1.0M$967K75xas long as short
Phemex XAGUSDT0.0000%4h65.980+0.138%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.914+0.037%$120K—250xas long as short
Lighter RH XAGshort+0.0032%1h65.936+0.072%$4.8M$9.5M25x
Extended XAG-USD+0.0032%1h65.891+0.003%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.776%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.970+0.123%$793K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.389+0.759%——25xas long as short
Hotstuff SILVER-PERP+0.0048%1h65.922+0.050%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.940+0.077%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.891+0.003%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0052%1h65.935+0.070%$165.9M$73.6M25xas long as short
QFEX SILVER-USD+0.0060%1h65.950+0.093%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0072%24h65.922+0.050%$539K$25.9M8.1xas long as short
Phoenix SILVERlong+0.0073%1h65.889long leg$56K$26K25x
RISEx XAG/USDC+0.0080%1h65.970+0.123%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.894+0.007%$469K$614K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.930+0.062%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.920+0.047%$113K$30K50xas long as short
Lighter XAG+0.0104%1h65.947+0.088%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0119%8h65.951+0.095%$30K$1K5xas long as short
Bybit XAGUSDT+0.0121%4h66.000+0.168%$27.4M$36.5M150xas long as short
Aster XAGUSDT+0.0138%4h65.970+0.123%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0180%1h65.919+0.045%$1.4M$6.0M10xas long as short
Aevo XAG-PERP+0.0184%1h65.946+0.086%$47K—10xas long as short
Variational Omni XAG+0.0195%4h66.003+0.174%$5.6M$9.4M—as long as short
BloFin XAG-USDT+0.0196%4h66.000+0.168%$2.6M$556K100xas long as short
MEXC SILVER_USDT+0.0202%4h65.960+0.108%$112.8M$152.1M1000xas long as short
Binance XAGUSDT+0.0203%4h65.970+0.123%$191.0M$702.5M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950+0.093%$1.8M$1.0M20xas long as short
Aftermath Perps XAGUSD+0.0217%1h65.937+0.073%$79K$36K10xas long as short
GRVT XAG_USDT_Perp+0.0218%4h66.022+0.202%$394K$1.5M25xas long as short
edgeX XAGUSDC+0.0219%4h65.962+0.110%$669K$310K30xas long as short
OKX XAG-USDT-SWAP+0.0234%8h65.970+0.123%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0235%1h65.974+0.130%$45K$76K10xas long as short
Bitget XAGUSDT+0.0244%4h65.970+0.123%$23.9M$45.3M100xas long as short
Hibachi XAG/USDT-P+0.0336%1h65.912+0.034%$20K$19K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0357%1h65.940+0.077%$75K$363K20xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.975+0.131%$105K—111xas long as short
Kraken Futures PF_XAGUSD+0.0625%1h65.924+0.053%$910K$683K25xas long as short