Funding you earn now, next payment 07:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.053%
Price spread now: gTrade (Gains Network) against Coinbase International+0.346%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2832.833% of the position
Funding, last 3 days (all we have)−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.472%−$47 · spread now +0.346%, 7d avg −0.084%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.430% dearer against Coinbase International than usual: you sell high and buy low (spread +0.346% now, against its 7-day average of −0.084%): +$43 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SILVER-PERP-INTX | 64.970 | 0.0096 | pay 0.0012% / 1h | 12m 50s | $1.6M | $1.4M | 20x |
| Short | gTrade (Gains Network) XAG/USD | 65.195 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 12m 50s | $118K | — | 250x |
Coinbase International SILVER-PERP-INTX
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.93
- Price spread: +0.346% → −0.084%
- $43.03
- Slippage, 4 orders
- −$263.33
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$259.23
- Costs to cover
- 2.833%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 56 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 Coinbase International live order book, 1 min ago | 0.77 bp | 6.2 bp −$6 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0028% | 1h | 65.120 | +0.231% | $5.6M | $9.8M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0016% | 1h | 65.081 | +0.171% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.145 | +0.269% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.310 | +0.523% | $27.7M | $39.1M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.125 | +0.238% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.260 | +0.446% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.290 | +0.493% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.270 | +0.462% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.195 | +0.346% | $118K | — | 250x | |
| Gate XAG_USDT | +0.0026% | 4h | 65.300 | +0.508% | $140.7M | $181.4M | 100x | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Gate XAG_USDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.267 | +0.457% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.229 | +0.398% | $5.0M | $11.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.201% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.290 | +0.493% | $126.7M | $162.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0035% | 4h | 65.290 | +0.493% | $191.8M | $755.9M | 100x | as long as short |
| Aster XAGUSDT | +0.0039% | 4h | 65.280 | +0.477% | $2.7M | $976K | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.110 | +0.215% | $783K | $2.9M | 40x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.210 | +0.369% | $161K | $1.4M | 20x | as long as short |
| edgeX XAGUSDC | +0.0046% | 4h | 65.107 | +0.212% | $663K | $314K | 30x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.639 | +1.030% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.253 | +0.435% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.221 | +0.386% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.208 | +0.366% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.170 | +0.308% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.101 | +0.202% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0069% | 1h | 65.258 | +0.443% | $173.4M | $84.9M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.197 | +0.349% | $483K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0096% | 1h | 64.970 | long leg | $1.6M | $1.4M | 20x | |
| Pacifica XAG | +0.0100% | 1h | 65.130 | +0.246% | $463K | $600K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.250 | +0.431% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.070 | +0.154% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.237 | +0.412% | $1.2M | $4.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0141% | 4h | 65.220 | +0.385% | $2.7M | $626K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.139 | +0.260% | $394K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0158% | 1h | 65.215 | +0.377% | $1.2M | $4.7M | 10x | as long as short |
| Bitget XAGUSDT | +0.0160% | 4h | 65.290 | +0.493% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0172% | 8h | 65.290 | +0.493% | $28.5M | $70.5M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.264 | +0.453% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0193% | 1h | 65.109 | +0.214% | $78K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.250 | +0.431% | $65K | $396K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.106 | +0.209% | $20K | $17K | 10x | as long as short |
| Bullet SILVER-USD | +0.0236% | 1h | 65.256 | +0.440% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.115 | +0.223% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0364% | 1h | 65.239 | +0.414% | $1.0M | $869K | 25x | as long as short |
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aster XAGUSDT
StandX XAG-USD
QFEX SILVER-USD
edgeX XAGUSDC
Vest SI-PERP
Aevo XAG-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD