Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.040%
Price spread now: Lighter against gTrade (Gains Network)+0.116%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−$266as in the Price arb table
costs, in and out, $10k−$2712.708% of the position
Funding, last 3 days (all we have)+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.116%, 7d avg +0.071%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.045% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.071%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.065% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | 66.059 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 38m 29s | $121K | — | 250x |
| Short | Lighter XAG | 66.136 | 0.0200 | get 0.0025% / 1h | 38m 29s | $5.2M | $10.5M | 25x |
gTrade (Gains Network) XAG/USD
Lighter XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $41.22
- Price spread: +0.116% → +0.071%
- $4.48
- Slippage, 4 orders
- −$260.8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$225.09
- Costs to cover
- 2.708%
- Break-even
- 45.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; Lighter: live order book, 5 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), 51 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 Lighter live order book, 5 min ago | 0.29 bp | 0.3 bp $0 | 0.4 bp −$4 | 5.4 bp −$540 | 16.2 bp −$8,116 |
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 | 66.085 | +0.039% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.150 | +0.137% | $150.2M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.140 | +0.122% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.160 | +0.152% | $1.0M | $978K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.150 | +0.137% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.059 | long leg | $121K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.122 | +0.094% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.072 | +0.019% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.516% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.150 | +0.137% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.581 | +0.790% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.127 | +0.102% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.053 | −0.010% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.030 | −0.044% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.150 | +0.137% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.074 | +0.022% | $56K | $26K | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 66.110 | +0.077% | $35K | $21K | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0068% | 24h | 66.098 | +0.059% | $509K | $25.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.078 | +0.028% | $470K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.110 | +0.077% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.120 | +0.092% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0134% | 1h | 66.109 | +0.075% | $165.5M | $73.8M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.153 | +0.141% | $1.3M | $4.5M | 20x | as long as short |
| Aster XAGUSDT | +0.0145% | 4h | 66.145 | +0.130% | $2.7M | $877K | 100x | as long as short |
| Bybit XAGUSDT | +0.0151% | 4h | 66.180 | +0.183% | $27.0M | $36.1M | 150x | as long as short |
| Paradex XAG-USD-PERP | +0.0152% | 8h | 66.138 | +0.120% | $30K | $1K | 5x | as long as short |
| Nado XAG-PERP | +0.0189% | 1h | 66.088 | +0.043% | $1.3M | $6.5M | 10x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.136 | +0.116% | $47K | — | 10x | as long as short |
| Lighter XAGshort | +0.0200% | 1h | 66.136 | +0.116% | $5.2M | $10.5M | 25x | |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.107% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0202% | 4h | 66.133 | +0.111% | $5.6M | $9.7M | — | as long as short |
| BloFin XAG-USDT | +0.0212% | 4h | 66.130 | +0.107% | $2.6M | $554K | 100x | as long as short |
| MEXC SILVER_USDT | +0.0214% | 4h | 66.140 | +0.122% | $109.1M | $152.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0217% | 4h | 66.160 | +0.152% | $192.9M | $701.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0226% | 4h | 66.170 | +0.168% | $671K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0230% | 8h | 66.160 | +0.152% | $27.7M | $65.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0231% | 1h | 66.101 | +0.063% | $80K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0258% | 4h | 66.160 | +0.152% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0280% | 4h | 66.144 | +0.128% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0314% | 1h | 66.145 | +0.130% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0352% | 1h | 66.080 | +0.031% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.110 | +0.077% | $62K | $348K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0373% / S −0.0406% | 1h | 66.135 | +0.115% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.105 | +0.070% | $912K | $676K | 25x | as long as short |
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Phoenix SILVER
Hotstuff SILVER-PERP
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aster XAGUSDT
Bybit XAGUSDT
Paradex XAG-USD-PERP
Nado XAG-PERP
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
BloFin XAG-USDT
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
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