XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.055%

Price spread now: Coinbase International against gTrade (Gains Network)+0.001%68s7-day average +0.089% · 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—prices read too far apart to compare

costs, in and out, $10k−$2832.832% of the position

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.001%, 7d avg +0.089%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.088% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.089%). If the spread goes back, that is −$9 on $10k: about 2.5 days of funding at the current rate (+$3 a day). The two prices were read 68 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	gTrade (Gains Network) XAG/USD	65.320	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	24m 36s	$118K	—	250x
Short	Coinbase International SILVER-PERP-INTX	65.320	0.0120	get 0.0015% / 1h	24m 36s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersPrice spread, now +0.001%Rate

Funding earned: $24.42
Price spread: +0.001% → +0.089%: −$8.83
Slippage, 4 orders: −$263.17
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$267.58
Costs to cover: 2.832%
Break-even: 83.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 49 min ago; Coinbase International: 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 gTrade (Gains Network) virtual book (oracle venue), 49 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 Coinbase International live order book, 4 min ago	0.77 bp	5.8 bp −$6	7.1 bp −$71	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
Hibachi XAG/USDT-P	−0.0184%	1h	65.320	+0.001%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0087%	1h	65.240	−0.122%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0040%	1h	65.321	+0.002%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.037%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.077%	$27.8M	$40.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.108%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.139%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.108%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	65.320	long leg	$118K	—	250x
Gate XAG_USDT	+0.0026%	4h	65.380	+0.093%	$141.1M	$182.6M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.360	+0.062%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.305	−0.023%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.654%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.067%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0039%	4h	65.340	+0.031%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.062%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.784	+0.711%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	+0.047%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.328	+0.013%	$170.3M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.328	+0.013%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.308	−0.018%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.344	+0.037%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	65.350	+0.047%	$116.0M	$157.5M	1000x	as long as short
Binance XAGUSDT	+0.0060%	4h	65.364	+0.067%	$190.9M	$763.8M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.368	+0.075%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	+0.042%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.342	+0.034%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.360	+0.061%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.334	+0.022%	$517K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.308	−0.018%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.016%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.045%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.363	+0.066%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0120%	1h	65.320	+0.001%	$1.6M	$1.4M	20x
Nado XAG-PERP	+0.0130%	1h	65.317	−0.004%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.368	+0.074%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0174%	4h	65.360	+0.062%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0179%	1h	65.374	+0.083%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.370	+0.077%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	+0.047%	$65K	$379K	20x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	65.346	+0.041%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0242%	4h	65.340	+0.031%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.070%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.335	+0.024%	$915K	$746K	25x	as long as short