XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.038%

Price spread now: gTrade (Gains Network) against Lighter−0.132%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2722.724% of the position

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now −0.132%, 7d avg −0.070%

Together, before fees+0.095%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.062% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.059% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 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	Lighter XAG	66.406	0.0192	pay 0.0024% / 1h	15m 26s	$5.3M	$10.6M	25x
Short	gTrade (Gains Network) XAG/USD	66.319	L +0.0004% / S −0.0006%	get 0.0001% / 1h	15m 26s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.132%Rate

Funding earned: −$39.09
Price spread: −0.132% → −0.070%: −$6.22
Slippage, 4 orders: −$262.42
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$317.73
Costs to cover: 2.724%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 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 Lighter live order book, 3 min ago	1.14 bp	1.2 bp −$1	3.9 bp −$39	9.1 bp −$909	20.9 bp −$10.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

XAG on 43 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	66.355	−0.076%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.006%	$153.3M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	−0.025%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.420	+0.021%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.006%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.319	−0.132%	$120K	—	250x
Hotstuff SILVER-PERP	+0.0008%	1h	66.383	−0.035%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.397	−0.013%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.319	−0.132%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.009%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.410	+0.006%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.832	+0.641%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	−0.006%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.160%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.370	−0.055%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.307	−0.150%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.009%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.371	−0.053%	$541K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.423	+0.025%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.358	−0.073%	$166.0M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.366	−0.061%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.040%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.040%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.410	+0.006%	$2.8M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.400	−0.009%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.410	+0.005%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	−0.051%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.379	−0.041%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0178%	4h	66.400	−0.009%	$102.7M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.400	−0.009%	$192.3M	$706.1M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.022%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.006%	$1.9M	$971K	20x	as long as short
Lighter XAGlong	+0.0192%	1h	66.406	long leg	$5.3M	$10.6M	25x
OKX XAG-USDT-SWAP	+0.0211%	8h	66.400	−0.009%	$28.0M	$65.7M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.371	−0.054%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.365	−0.063%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.385	−0.032%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.390	−0.025%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.066%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.407	+0.002%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.405	−0.002%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	−0.070%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.360	−0.069%	$765K	$478K	25x	as long as short