Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.031%
Price spread now: Binance against gTrade (Gains Network)+0.144%7-day average +0.087% · 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−$276as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
Funding, last 3 days (all we have)+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.144%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.057% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.087%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.034% in total (about 3.8% a year). A funding rate is set anew for every payment. 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 | gTrade (Gains Network) XAG/USD | 66.045 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 3m 48s | $120K | — | 250x |
| Short | Binance XAGUSDT | 66.140 | 0.0190 | get 0.0095% / 4h | 1h 03m | $191.8M | $706.0M | 100x |
gTrade (Gains Network) XAG/USD
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against gTrade (Gains Network). 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
- $39.04
- Price spread: +0.144% → +0.087%
- $5.66
- Slippage, 4 orders
- −$261.53
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$236.83
- Costs to cover
- 2.815%
- Break-even
- 49.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 25 min ago; Binance: live order book, 10 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 gTrade (Gains Network) virtual book (oracle venue), 25 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 580.0 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell Binance live order book, 10 min ago | 0.75 bp | 5.8 bp −$6 | 5.8 bp −$58 | 9.0 bp −$904 | 23.1 bp −$11.5K |
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 | 66.087 | +0.064% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.140 | +0.144% | $149.5M | $165.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.120 | +0.114% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.160 | +0.174% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.150 | +0.159% | $1.5M | $255K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.045 | long leg | $120K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.127 | +0.124% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.048 | +0.005% | $5.2M | $12.0M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.538% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.170 | +0.189% | $796K | $3.0M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0044% | 1h | 66.010 | −0.053% | $5.7M | $9.7M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.546 | +0.759% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.065 | +0.030% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.037 | −0.012% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.110 | +0.098% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0066% | 24h | 66.074 | +0.044% | $544K | $24.8M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.097 | +0.079% | $56K | $26K | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 66.086 | +0.062% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0093% | 1h | 66.103 | +0.088% | $165.4M | $73.8M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.062 | +0.026% | $470K | $612K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.080 | +0.053% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.150 | +0.159% | $113K | $30K | 50x | as long as short |
| Aster XAGUSDT | +0.0122% | 4h | 66.120 | +0.114% | $2.7M | $878K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0126% | 8h | 66.109 | +0.096% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0133% | 4h | 66.150 | +0.159% | $26.9M | $36.0M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.098 | +0.080% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.142 | +0.147% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.111 | +0.099% | $1.3M | $4.4M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.129 | +0.127% | $5.2M | $10.6M | 25x | as long as short |
| Binance XAGUSDTshort | +0.0190% | 4h | 66.140 | +0.144% | $191.8M | $706.0M | 100x | |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.120 | +0.114% | $106.8M | $154.2M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.180 | +0.204% | $1.8M | $1.0M | 20x | as long as short |
| edgeX XAGUSDC | +0.0197% | 4h | 66.162 | +0.177% | $671K | $314K | 30x | as long as short |
| BloFin XAG-USDT | +0.0207% | 4h | 66.170 | +0.189% | $2.6M | $551K | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 66.140 | +0.144% | $27.7M | $65.8M | 50x | as long as short |
| Nado XAG-PERP | +0.0224% | 1h | 66.056 | +0.017% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0230% | 1h | 66.127 | +0.123% | $80K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0238% | 4h | 66.140 | +0.144% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0256% | 4h | 66.200 | +0.235% | $397K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0271% | 1h | 66.112 | +0.101% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.120 | +0.114% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.090 | +0.068% | $63K | $337K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0361% / S −0.0388% | 1h | 66.125 | +0.121% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0551% | 1h | 66.070 | +0.038% | $911K | $674K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
BloFin XAG-USDT
OKX XAG-USDT-SWAP
Nado XAG-PERP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD