XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.077%

Price spread now: Deribit against gTrade (Gains Network)+0.044%7-day average +0.078% · 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−$286as in the Price arb table

costs, in and out, $10k−$2832.831% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.044%, 7d avg +0.078%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.078%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	65.501	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	7m 28s	$118K	—	250x
Short	Deribit SILVER_USDC-PERPETUAL	65.530	0.0208	get 0.0026% / 1h	7m 28s	$77K	$381K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: $42.9
Price spread: +0.044% → +0.078%: −$3.33
Slippage, 4 orders: −$266.06
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$243.5
Costs to cover: 2.831%
Break-even: 46.7 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 34 min ago; Deribit: live order book, 34 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 exchange), 34 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 Deribit live order book, 34 min ago	0.76 bp	5.8 bp −$6	7.1 bp −$71	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.6920%	1h	65.534	+0.051%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.485	−0.024%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.567	+0.101%	$1.3M	$5.6M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.580	+0.121%	$135.1M	$204.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.570	+0.105%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.610	+0.167%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.570	+0.105%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	65.501	long leg	$118K	—	250x
Variational Omni XAG	+0.0014%	4h	65.557	+0.086%	$5.4M	$9.3M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.549	+0.073%	$4.6M	$10.0M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.490	−0.016%	$5.1M	$12.3M	10x	as long as short
Ondo Perps XAG-USD.P	+0.0032%	1h	65.440	−0.093%	$5.7M	$11.1M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.372%	$11K	$240	52x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.550	+0.075%	$2.7M	$1.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	+0.105%	$789K	$3.1M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.550	+0.075%	$120.6M	$166.6M	1000x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.540	+0.060%	$446K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0044%	4h	65.560	+0.090%	$191.0M	$861.1M	100x	as long as short
edgeX XAGUSDC	+0.0045%	4h	65.560	+0.091%	$668K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.988	+0.744%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.524	+0.035%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.492	−0.014%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.534	+0.050%	$29K	—	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.530	+0.044%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.580	+0.121%	$30.9M	$48.6M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0078%	4h	65.571	+0.107%	$390K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0086%	1h	65.534	+0.051%	$175.6M	$85.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.494	−0.011%	$462K	$501K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.520	+0.029%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	+0.029%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.540	+0.060%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0112%	24h	65.567	+0.101%	$782K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0134%	1h	65.516	+0.023%	$55K	$15K	25x	as long as short
Nado XAG-PERP	+0.0138%	1h	65.514	+0.020%	$1.1M	$3.2M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.554	+0.081%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0161%	8h	65.560	+0.090%	$27.6M	$86.3M	50x	as long as short
BloFin XAG-USDT	+0.0171%	4h	65.590	+0.136%	$2.6M	$771K	100x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.570	+0.105%	$23.3M	$53.4M	100x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0208%	1h	65.530	+0.044%	$77K	$381K	20x
Aftermath Perps XAGUSD	+0.0228%	1h	65.533	+0.049%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.579	+0.119%	$43K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0244% / S −0.0204%	1h	65.575	+0.113%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.517	+0.024%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.537	+0.055%	$1.0M	$959K	25x	as long as short