XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.82 per $10,000 · paid last 24h −0.055%

Price spread now: Gate against GRVT−0.020%66s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.020%, 7d avg +0.004%

Together, before fees−0.062%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.024% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.073	0.0210	pay 0.0105% / 4h	3h 00m	$395K	$1.5M	25x
Short	Gate XAG_USDT	66.060	0.0046	get 0.0023% / 4h	3h 00m	$149.6M	$164.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: −$34.44
Price spread: −0.020% → +0.004%: −$2.36
Slippage, 4 orders: −$7.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.11
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Gate: live order book, 4 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 GRVT live order book, 3 min ago	0.76 bp	6.5 bp −$7	9.6 bp −$96	40.6 bp −$4,063	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.5 bp −$9	9.7 bp −$97	11.8 bp −$1,177	14.6 bp −$7,321

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	−0.0049%	1h	65.940	−0.201%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.128%	$14K	$66	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.021	−0.079%	$35K	$21K	20x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.020%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.026%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.050	−0.035%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.980	−0.142%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.044	−0.045%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.981	−0.140%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.495%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.060	−0.020%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.474	+0.607%	—	—	25x	as long as short
Gate XAG_USDTshort	+0.0046%	4h	66.060	−0.020%	$149.6M	$164.6M	100x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.083%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.977	−0.145%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.039	−0.051%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.015	−0.088%	$166.3M	$73.9M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.065%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.004	−0.105%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.025	−0.073%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.056	−0.026%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.994	−0.120%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.080%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.065%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0105%	4h	66.060	−0.020%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.046	−0.041%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.048	−0.039%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0158%	4h	66.053	−0.030%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0160%	1h	66.033	−0.061%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0170%	4h	66.040	−0.050%	$116.3M	$153.1M	1000x	as long as short
Binance XAGUSDT	+0.0171%	4h	66.048	−0.038%	$191.0M	$702.7M	100x	as long as short
edgeX XAGUSDC	+0.0176%	4h	66.048	−0.037%	$670K	$312K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.011	−0.094%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.032	−0.062%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.020	−0.080%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.141%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perplong	+0.0210%	4h	66.073	long leg	$395K	$1.5M	25x
BloFin XAG-USDT	+0.0221%	4h	66.070	−0.005%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.060	−0.020%	$27.8M	$64.5M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.040	−0.050%	$23.9M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.056	−0.026%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0312%	1h	66.020	−0.080%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.045	−0.043%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.019	−0.082%	$910K	$685K	25x	as long as short