XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Binance−0.176%52s7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2822.815% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 1 day (all we have)+0.086%+$9 · spread now −0.176%, 7d avg −0.086%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.090% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.086%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.585	0.0123	pay 0.0062% / 4h	19m 32s	$192.7M	$722.9M	100x
Short	gTrade (Gains Network) XAG/USD	66.468	L +0.0004% / S −0.0006%	get 0.0001% / 1h	19m 32s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.176%Rate

Funding earned: −$24.62
Price spread: −0.176% → −0.086%: −$9
Slippage, 4 orders: −$261.53
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$315.15
Costs to cover: 2.815%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 24 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 Binance live order book, 9 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	7.8 bp −$782	20.0 bp −$10.0K
Sell gTrade (Gains Network) virtual book (oracle venue), 24 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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	66.484	−0.153%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.610	+0.037%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	−0.038%	$154.5M	$173.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	−0.083%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	−0.038%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	−0.083%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.468	−0.176%	$120K	—	250x
Hotstuff SILVER-PERP	+0.0024%	1h	66.512	−0.110%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.535	−0.076%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.485	−0.151%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.279%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.485	−0.151%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.158%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.014	+0.644%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.553	−0.049%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.461	−0.187%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.173%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.488	−0.146%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.550	−0.053%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.544	−0.062%	$165.9M	$86.9M	25x	as long as short
BloFin XAG-USDT	+0.0080%	4h	66.510	−0.113%	$2.6M	$651K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.494	−0.137%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.128%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.203%	$126K	$26K	50x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.089%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0108%	8h	66.538	−0.072%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.549	−0.055%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.539	−0.069%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.525	−0.091%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0122%	4h	66.478	−0.162%	$674K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.540	−0.068%	$115.1M	$153.2M	1000x	as long as short
Binance XAGUSDTlong	+0.0123%	4h	66.585	long leg	$192.7M	$722.9M	100x
Bitget XAGUSDT	+0.0150%	4h	66.590	+0.007%	$24.4M	$48.3M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.264%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0167%	1h	66.453	−0.199%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	−0.144%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.600	+0.022%	$27.9M	$66.7M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.557	−0.043%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0255%	1h	66.528	−0.086%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0257%	1h	66.500	−0.128%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	−0.076%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.487	−0.147%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.530	−0.083%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.494	−0.137%	$762K	$586K	25x	as long as short