Funding you earn now, next payment 01:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.044%
Price spread now: gTrade (Gains Network) against OKX−0.148%7-day average −0.091% · 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−$287as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.148%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -5.0% a year). A funding rate is set anew for every payment. 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 | OKX XAG-USDT-SWAP | 66.580 | 0.0195 | pay 0.0195% / 8h | 7h 02m | $28.0M | $66.8M | 50x |
| Short | gTrade (Gains Network) XAG/USD | 66.482 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 2m 36s | $120K | — | 250x |
OKX XAG-USDT-SWAP
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against OKX. 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
- −$39.79
- Price spread: −0.148% → −0.091%
- −$5.69
- Slippage, 4 orders
- −$261.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$326.98
- Costs to cover
- 2.815%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 36 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 OKX live order book, 1 min ago | 0.75 bp | 5.8 bp −$6 | 6.7 bp −$67 | 12.8 bp −$1,284 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 36 min ago | 130.00 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | 66.473 | −0.161% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.590 | +0.015% | $25.6M | $35.7M | 150x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.521 | −0.089% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.580 | 0.000% | $155.2M | $169.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.560 | −0.030% | $2K | $2.9M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.610 | +0.045% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.570 | −0.015% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 66.482 | −0.148% | $120K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.563 | −0.026% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.517 | −0.095% | $5.4M | $12.4M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.270% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.570 | −0.015% | $801K | $2.8M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.983 | +0.605% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.497 | −0.125% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.519 | −0.092% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.480 | −0.150% | $3K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.470 | −0.165% | $5.7M | $9.5M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.540 | −0.060% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.513 | −0.101% | $563K | $21.5M | 8.1x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 66.543 | −0.056% | $165.9M | $84.7M | 25x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 66.580 | 0.000% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.521 | −0.089% | $474K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.540 | −0.060% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.490 | −0.135% | $126K | $24K | 50x | as long as short |
| Variational Omni XAG | +0.0102% | 4h | 66.563 | −0.026% | $5.6M | $9.9M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0112% | 8h | 66.575 | −0.008% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0119% | 4h | 66.554 | −0.039% | $675K | $314K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0120% | 4h | 66.570 | −0.015% | $108.8M | $160.7M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.543 | −0.056% | $48K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0122% | 4h | 66.580 | 0.000% | $193.6M | $717.0M | 100x | as long as short |
| Lighter XAG | +0.0128% | 1h | 66.569 | −0.016% | $5.4M | $10.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.581 | +0.001% | $1.3M | $4.2M | 20x | as long as short |
| BloFin XAG-USDT | +0.0158% | 4h | 66.550 | −0.045% | $2.6M | $695K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.530 | −0.075% | $1.9M | $934K | 20x | as long as short |
| Nado XAG-PERP | +0.0188% | 1h | 66.503 | −0.116% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 66.559 | −0.032% | $402K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAPlong | +0.0195% | 8h | 66.580 | long leg | $28.0M | $66.8M | 50x | |
| Bitget XAGUSDT | +0.0196% | 4h | 66.580 | 0.000% | $24.6M | $47.5M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0206% | 1h | 66.523 | −0.085% | $80K | $39K | 10x | as long as short |
| Bullet SILVER-USD | +0.0250% | 1h | 66.563 | −0.026% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0280% | 1h | 66.519 | −0.092% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.555 | −0.038% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.530 | −0.075% | $50K | $336K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0488% | 1h | 66.524 | −0.084% | $765K | $564K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
tradeXYZ xyz:SILVER
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
edgeX XAGUSDC
MEXC SILVER_USDT
Aevo XAG-PERP
Binance XAGUSDT
Lighter XAG
RISEx XAG/USDC
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Nado XAG-PERP
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD