Funding you earn now, next payment 03:00 UTC+0.0350%/8h= +38.3% APRnext payment +$0.44 per $10,000 · paid last 24h +0.080%
Price spread now: Deribit against gTrade (Gains Network)+0.075%7-day average +0.071% · 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−$281as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
Funding, last 3 days (all we have)+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.075%, 7d avg +0.071%
=The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.103% in total (about 11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. 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 | 66.290 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 29m 36s | $121K | — | 250x |
| Short | Deribit SILVER_USDC-PERPETUAL | 66.340 | 0.0353 | get 0.0044% / 1h | 29m 36s | $50K | $322K | 20x |
gTrade (Gains Network) XAG/USD
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $73.42
- Price spread: +0.075% → +0.071%
- $0.41
- Slippage, 4 orders
- −$264.51
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$207.69
- Costs to cover
- 2.815%
- Break-even
- 26.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 64 min ago; Deribit: live order book, 34 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), 64 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 Deribit live order book, 34 min ago | 0.75 bp | 4.3 bp −$4 | 5.9 bp −$59 | doesn't fit | doesn't fit |
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 | 66.279 | −0.017% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.290 | 0.000% | $150.3M | $163.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.350 | +0.090% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.360 | +0.105% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.360 | +0.105% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.290 | long leg | $121K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.306 | +0.024% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.243 | −0.072% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.165% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.280 | −0.016% | $797K | $2.9M | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.780 | +0.739% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.325 | +0.052% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.285 | −0.008% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.170 | −0.181% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.300 | +0.015% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.304 | +0.021% | $571K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.244 | −0.070% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.306 | +0.024% | $166.0M | $74.1M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.273 | −0.026% | $472K | $610K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.280 | −0.016% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.260 | −0.046% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0135% | 8h | 66.291 | +0.001% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0136% | 4h | 66.310 | +0.030% | $2.7M | $878K | 100x | as long as short |
| BloFin XAG-USDT | +0.0149% | 4h | 66.300 | +0.015% | $2.6M | $553K | 100x | as long as short |
| Bybit XAGUSDT | +0.0161% | 4h | 66.330 | +0.060% | $26.9M | $36.2M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.352 | +0.092% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0179% | 4h | 66.321 | +0.047% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.297 | +0.010% | $1.3M | $4.5M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.303 | +0.020% | $5.3M | $10.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.250 | −0.061% | $1.9M | $980K | 20x | as long as short |
| MEXC SILVER_USDT | +0.0194% | 4h | 66.310 | +0.030% | $111.2M | $152.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0195% | 4h | 66.310 | +0.030% | $192.2M | $706.8M | 100x | as long as short |
| edgeX XAGUSDC | +0.0198% | 4h | 66.273 | −0.026% | $672K | $315K | 30x | as long as short |
| Nado XAG-PERP | +0.0214% | 1h | 66.299 | +0.013% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.300 | +0.015% | $27.8M | $65.9M | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0224% | 1h | 66.274 | −0.025% | $35K | $21K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.236 | −0.082% | $80K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 66.290 | 0.000% | $23.8M | $45.8M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.282 | −0.012% | $20K | $22K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0268% | 4h | 66.350 | +0.090% | $402K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0280% | 1h | 66.358 | +0.102% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0348% / S −0.0368% | 1h | 66.365 | +0.113% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0353% | 1h | 66.340 | +0.075% | $50K | $322K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.330 | +0.060% | $916K | $674K | 25x | as long as short |
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
BloFin XAG-USDT
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Lighter XAG
Coinbase International SILVER-PERP-INTX
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Hotstuff SILVER-PERP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD