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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: KuCoin against gTrade (Gains Network)+0.003%105s7-day average +0.036% · 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−$2872.869% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.003%, 7d avg +0.036%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.024% in total) that is about 4.9 days. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAG/USD65.268L +0.0004% / S −0.0006%pay 0.0000% / 1h31m 39s$118K250x
ShortKuCoin XAGUSDTM65.2700.0100get 0.0050% / 4h31m 39s$25.3M$4.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$20.22
Price spread: +0.003% → +0.036%
−$3.34
Slippage, 4 orders
−$264.86
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$269.98
Costs to cover
2.869%
Break-even
100.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 37 min ago; KuCoin: live order book, 7 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), 37 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350579.9 bp −$58.0K2587.5 bp −$1.29M
Sell KuCoin live order book, 7 min ago0.77 bp8.5 bp −$814.8 bp −$148doesn't fitdoesn't fit

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
Hotstuff SILVER-PERP−0.0056%1h65.295+0.041%$35K$21K20xas long as short
Ondo Perps XAG-USD.P−0.0036%1h65.190−0.120%$5.6M$9.7M25xas long as short
dYdX XAG-USD0.0000%1h65.242−0.040%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.310+0.064%$27.8M$39.3M150xas long as short
SunX XAG-USDT0.0000%4h65.300+0.049%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.340+0.110%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.320+0.079%$1.5M$281K100xas long as short
Variational Omni XAG0.0000%4h65.332+0.098%$5.5M$9.1Mas long as short
gTrade (Gains Network) XAG/USDlongL +0.0004% / S −0.0006%1h65.268long leg$118K250x
Aster XAGUSDT+0.0024%4h65.300+0.049%$2.7M$928K100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XAGUSDT+0.0026%4h65.310+0.064%$191.6M$753.5M100xas long as short
MEXC SILVER_USDT+0.0026%4h65.300+0.049%$120.7M$157.7M1000xas long as short
Lighter RH XAG+0.0032%1h65.301+0.050%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.243−0.038%$5.0M$11.6M10xas long as short
edgeX XAGUSDC+0.0032%4h65.342+0.113%$665K$313K30xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.734%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h65.320+0.079%$140.7M$178.4M100xas long as short
StandX XAG-USD+0.0040%1h65.330+0.095%$786K$2.9M40xas long as short
Aevo XAG-PERP+0.0040%1h65.290+0.034%$47K10xas long as short
QFEX SILVER-USD+0.0044%1h65.300+0.049%$157K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.721+0.694%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.275+0.010%$169.7M$81.7M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.276+0.012%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.238−0.046%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0052%8h65.286+0.028%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.316+0.073%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.256−0.019%$466K$31.8M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.300+0.049%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.255−0.020%$464K$611K10xas long as short
KuCoin XAGUSDTMshort+0.0100%4h65.270+0.003%$25.3M$4.7M75x
ApeX Omni XAGUSDT+0.0100%1h65.310+0.064%$112K$19K50xas long as short
BloFin XAG-USDT+0.0107%4h65.350+0.125%$2.7M$574K100xas long as short
RISEx XAG/USDC+0.0118%1h65.315+0.071%$1.2M$4.8M20xas long as short
GRVT XAG_USDT_Perp+0.0130%4h65.372+0.159%$384K$1.6M25xas long as short
Bitget XAGUSDT+0.0152%4h65.310+0.064%$23.2M$44.7M100xas long as short
Nado XAG-PERP+0.0159%1h65.275+0.011%$1.2M$4.7M10xas long as short
Lighter XAG+0.0160%1h65.303+0.053%$5.3M$11.1M25xas long as short
OKX XAG-USDT-SWAP+0.0166%8h65.300+0.049%$28.1M$69.8M50xas long as short
Aftermath Perps XAGUSD+0.0183%1h65.299+0.047%$79K$37K10xas long as short
Hibachi XAG/USDT-P+0.0184%1h65.313+0.069%$20K$17K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0210%1h65.280+0.018%$65K$391K20xas long as short
Bullet SILVER-USD+0.0220%1h65.314+0.070%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.305+0.056%$93K111xas long as short
Kraken Futures PF_XAGUSD+0.0363%1h65.267−0.002%$1.0M$868K25xas long as short