Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.038%
Price spread now: edgeX against gTrade (Gains Network)+0.050%68s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2842.836% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.055%+$5 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.050%, 7d avg +0.097%
Together, before fees−0.036%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.047% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.097%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.055% in total) that is about 2.8 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.055% in total (about 6.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAG/USD65.920L +0.0004% / S −0.0006%pay 0.0000% / 1h37m 58s$120K250x
ShortedgeX XAGUSDC65.9530.0213get 0.0107% / 4h3h 37m$669K$310K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$44.05
Price spread: +0.050% → +0.097%
−$4.67
Slippage, 4 orders
−$264.57
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$244.19
Costs to cover
2.836%
Break-even
45.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 46 min ago; edgeX: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 46 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350579.9 bp −$58.0K2587.5 bp −$1.29M
Sell edgeX live order book, 16 min ago2.27 bp6.8 bp −$76.8 bp −$689.2 bp −$92020.8 bp −$10.4K

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0045%1h65.880−0.061%$5.7M$9.3M25xas long as short
dYdX XAG-USD0.0000%1h65.934+0.020%$14K5xas long as short
Gate XAG_USDT0.0000%4h66.010+0.136%$149.6M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.980+0.091%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h66.010+0.136%$1.0M$966K75xas long as short
Phemex XAGUSDT0.0000%4h65.990+0.106%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDlongL +0.0004% / S −0.0006%1h65.920long leg$120K250x
Lighter RH XAG+0.0032%1h65.977+0.086%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h65.933+0.019%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.728%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h66.000+0.121%$794K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.406+0.737%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h65.947+0.041%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.946+0.039%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.9200.000%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0051%1h65.955+0.053%$166.0M$73.5M25xas long as short
QFEX SILVER-USD+0.0060%1h65.970+0.076%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0073%24h65.942+0.033%$540K$25.9M8.1xas long as short
Phoenix SILVER+0.0073%1h65.889−0.047%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.982+0.094%$1.3M$4.9M20xas long as short
Bybit XAGUSDT+0.0097%4h66.010+0.136%$27.4M$36.4M150xas long as short
Pacifica XAG+0.0100%1h65.921+0.002%$469K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.970+0.076%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.9200.000%$113K$30K50xas long as short
Lighter XAG+0.0112%1h65.978+0.088%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0114%8h65.971+0.077%$30K$1K5xas long as short
Aster XAGUSDT+0.0137%4h65.970+0.076%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0181%1h65.937+0.026%$1.4M$5.9M10xas long as short
Aevo XAG-PERP+0.0184%1h65.976+0.085%$47K10xas long as short
Variational Omni XAG+0.0188%4h65.963+0.066%$5.6M$9.4Mas long as short
MEXC SILVER_USDT+0.0200%4h65.990+0.106%$112.9M$152.1M1000xas long as short
Binance XAGUSDT+0.0201%4h66.000+0.121%$191.1M$702.6M100xas long as short
BloFin XAG-USDT+0.0204%4h66.000+0.121%$2.6M$556K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0205%1h65.960+0.060%$75K$363K20xas long as short
GRVT XAG_USDT_Perp+0.0206%4h65.973+0.080%$394K$1.5M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950+0.045%$1.8M$1.0M20xas long as short
edgeX XAGUSDCshort+0.0213%4h65.953+0.050%$669K$310K30x
Aftermath Perps XAGUSD+0.0213%1h65.954+0.051%$79K$36K10xas long as short
OKX XAG-USDT-SWAP+0.0232%8h65.990+0.106%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0233%1h65.984+0.097%$44K$76K10xas long as short
Bitget XAGUSDT+0.0240%4h66.000+0.121%$23.9M$45.3M100xas long as short
Hibachi XAG/USDT-P+0.0328%1h65.940+0.030%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.985+0.098%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0624%1h65.952+0.048%$910K$683K25xas long as short