Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Phemex against gTrade (Gains Network)+0.140%7-day average +0.119% · 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−$345as in the Price arb table
costs, in and out, $10k−$3473.474% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.140%, 7d avg +0.119%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.119%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XAG/USD | 65.318 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 14m 39s | $118K | — | 250x |
| Short | Phemex XAGUSDT | 65.410 | 0 | get 0.0000% / 4h | 1h 14m | $1.5M | $280K | 100x |
gTrade (Gains Network) XAG/USD
Phemex XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$0.78
- Price spread: +0.140% → +0.119%
- $2.12
- Slippage, 4 orders
- −$325.45
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$346.1
- Costs to cover
- 3.474%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 59 min ago; Phemex: live order book, 3 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), 59 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 579.9 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell Phemex live order book, 3 min ago | 1.53 bp | 37.9 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0078% | 1h | 65.300 | −0.028% | $5.6M | $9.7M | 25x | as long as short |
| Hibachi XAG/USDT-P | −0.0048% | 1h | 65.320 | +0.003% | $20K | $19K | 10x | as long as short |
| Hotstuff SILVER-PERP | −0.0008% | 1h | 65.335 | +0.026% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.306 | −0.019% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.420 | +0.156% | $27.8M | $39.9M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.390 | +0.110% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.400 | +0.125% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDTshort | 0.0000% | 4h | 65.410 | +0.140% | $1.5M | $280K | 100x | |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 65.318 | long leg | $118K | — | 250x | |
| Variational Omni XAG | +0.0026% | 4h | 65.374 | +0.085% | $5.5M | $9.4M | — | as long as short |
Ondo Perps XAG-USD.P
Hibachi XAG/USDT-P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Variational Omni XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0026% | 4h | 65.440 | +0.186% | $141.2M | $183.8M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.411 | +0.142% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.359 | +0.062% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.656% | $11K | $94K | 52x | as long as short |
| Aster XAGUSDT | +0.0036% | 4h | 65.418 | +0.152% | $2.7M | $975K | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.370 | +0.079% | $786K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.795 | +0.730% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.380 | +0.094% | $152K | $2.8M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.352 | +0.052% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.330 | +0.018% | $3K | $6K | 20x | as long as short |
| MEXC SILVER_USDT | +0.0052% | 4h | 65.420 | +0.156% | $116.7M | $157.6M | 1000x | as long as short |
| tradeXYZ xyz:SILVER | +0.0052% | 1h | 65.381 | +0.096% | $170.4M | $83.7M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.400 | +0.125% | $29K | $1K | 5x | as long as short |
| Binance XAGUSDT | +0.0054% | 4h | 65.420 | +0.156% | $191.5M | $764.3M | 100x | as long as short |
| edgeX XAGUSDC | +0.0056% | 4h | 65.371 | +0.081% | $665K | $314K | 30x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.426 | +0.165% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.319 | +0.001% | $56K | $31K | 25x | as long as short |
| Aevo XAG-PERP | +0.0064% | 1h | 65.379 | +0.093% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERP | +0.0078% | 24h | 65.350 | +0.049% | $493K | $31.2M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.354 | +0.054% | $469K | $628K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.380 | +0.094% | $25.4M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.320 | +0.003% | $112K | $19K | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0118% | 4h | 65.365 | +0.072% | $391K | $1.6M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.290 | −0.043% | $1.6M | $1.4M | 20x | as long as short |
| Nado XAG-PERP | +0.0137% | 1h | 65.333 | +0.022% | $1.2M | $5.1M | 10x | as long as short |
| Lighter XAG | +0.0152% | 1h | 65.414 | +0.147% | $5.3M | $11.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0172% | 4h | 65.420 | +0.156% | $23.7M | $46.4M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0183% | 8h | 65.430 | +0.171% | $28.0M | $71.1M | 50x | as long as short |
| Bullet SILVER-USD | +0.0189% | 1h | 65.409 | +0.139% | $44K | $76K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0211% | 1h | 65.340 | +0.033% | $79K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0216% | 4h | 65.400 | +0.125% | $2.6M | $601K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0273% / S −0.0241% | 1h | 65.385 | +0.102% | $93K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0362% | 1h | 65.390 | +0.110% | $65K | $381K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.356 | +0.058% | $916K | $746K | 25x | as long as short |
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Aster XAGUSDT
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
MEXC SILVER_USDT
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Binance XAGUSDT
edgeX XAGUSDC
RISEx XAG/USDC
Phoenix SILVER
Aevo XAG-PERP
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
Nado XAG-PERP
Lighter XAG
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD