Funding you earn now, next payment 02:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.086%
Price spread now: gTrade (Gains Network) against Deribit−0.071%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−$285as in the Price arb table
costs, in and out, $10k−$2842.844% of the position
Funding, last 3 days (all we have)−0.102%−$10 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.071%, 7d avg −0.070%
=The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.102% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | Deribit SILVER_USDC-PERPETUAL | 66.350 | 0.0353 | pay 0.0044% / 1h | 37m 37s | $50K | $325K | 20x |
| Short | gTrade (Gains Network) XAG/USD | 66.303 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 37m 37s | $120K | — | 250x |
Deribit SILVER_USDC-PERPETUAL
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Deribit. 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
- −$72.95
- Price spread: −0.071% → −0.070%
- −$0.12
- Slippage, 4 orders
- −$267.45
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$357.52
- Costs to cover
- 2.844%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 31 min ago; gTrade (Gains Network): virtual book (oracle venue), 61 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 Deribit live order book, 31 min ago | 0.75 bp | 4.3 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 61 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 | 66.294 | −0.084% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.380 | +0.045% | $153.7M | $162.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.380 | +0.045% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.550 | +0.301% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.400 | +0.075% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 66.303 | −0.071% | $120K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.366 | +0.024% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.310 | −0.060% | $5.4M | $12.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.075% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.420 | +0.106% | $799K | $2.9M | 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 | 66.810 | +0.693% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.413 | +0.095% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.314 | −0.054% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.303 | −0.071% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.280 | −0.106% | $5.7M | $9.5M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.360 | +0.015% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.361 | +0.017% | $577K | $23.1M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.375 | +0.038% | $1.2M | $4.3M | 20x | as long as short |
| Bybit XAGUSDT | +0.0080% | 4h | 66.380 | +0.045% | $26.4M | $35.9M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.349 | −0.002% | $165.6M | $76.0M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.328 | −0.033% | $472K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.350 | 0.000% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.470 | +0.181% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.332% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0118% | 4h | 66.360 | +0.015% | $2.7M | $967K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0123% | 8h | 66.372 | +0.034% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0129% | 4h | 66.505 | +0.233% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0144% | 1h | 66.362 | +0.019% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0152% | 4h | 66.390 | +0.060% | $102.2M | $158.0M | 1000x | as long as short |
| Binance XAGUSDT | +0.0153% | 4h | 66.350 | 0.000% | $192.5M | $707.8M | 100x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.377 | +0.040% | $5.3M | $10.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0166% | 4h | 66.514 | +0.246% | $675K | $314K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | +0.256% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 66.370 | +0.030% | $28.0M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0221% | 1h | 66.456 | +0.160% | $80K | $38K | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0224% | 1h | 66.368 | +0.027% | $35K | $21K | 20x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.350 | 0.000% | $24.4M | $46.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0229% | 1h | 66.324 | −0.039% | $1.3M | $6.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0242% | 4h | 66.526 | +0.265% | $391K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 66.473 | +0.185% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0278% | 1h | 66.388 | +0.057% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.375 | +0.038% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0353% | 1h | 66.350 | long leg | $50K | $325K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0463% | 1h | 66.346 | −0.006% | $765K | $472K | 25x | as long as short |
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Lighter XAG
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hotstuff SILVER-PERP
Bitget XAGUSDT
Nado XAG-PERP
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD