XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.039%

Price spread now: gTrade (Gains Network) against Lighter−0.062%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−$270as in the Price arb table

costs, in and out, $10k−$2702.704% of the position

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.062%, 7d avg −0.070%

Together, before fees+0.023%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.340	0.0192	pay 0.0024% / 1h	24m 01s	$5.3M	$10.5M	25x
Short	gTrade (Gains Network) XAG/USD	66.299	L +0.0004% / S −0.0006%	get 0.0001% / 1h	24m 01s	$121K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.062%Rate

Funding earned: −$39.08
Price spread: −0.062% → −0.070%: $0.8
Slippage, 4 orders: −$260.4
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$308.68
Costs to cover: 2.704%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 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 Lighter live order book, 4 min ago	0.04 bp	0.0 bp $0	0.1 bp −$1	4.8 bp −$478	17.2 bp −$8,600
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.01 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	66.272	−0.102%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.341	+0.002%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.046%	$150.3M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.061%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.061%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.360	+0.031%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.299	−0.062%	$121K	—	250x
Lighter RH XAG	+0.0032%	1h	66.333	−0.010%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.299	−0.062%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.091%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.310	−0.045%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.810	+0.709%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.352	+0.019%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.282	−0.087%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.260	−0.120%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.370	+0.046%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.335	−0.007%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.048%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.329	−0.016%	$166.1M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.323	−0.025%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.280	−0.090%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.366	+0.040%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.369	+0.043%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.370	+0.046%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0175%	4h	66.340	0.000%	$2.6M	$553K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.356	+0.024%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.390	+0.076%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
Lighter XAGlong	+0.0192%	1h	66.340	long leg	$5.3M	$10.5M	25x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.016%	$1.9M	$995K	20x	as long as short
MEXC SILVER_USDT	+0.0196%	4h	66.360	+0.031%	$105.5M	$153.6M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.357	+0.026%	$192.2M	$705.3M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.323	−0.025%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.333	−0.009%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.350	+0.016%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.282	−0.086%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.350	+0.016%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.011%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.105%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.377	+0.057%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0373%	1h	66.375	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	0.000%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.335	−0.007%	$915K	$671K	25x	as long as short