XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%

Price spread now: gTrade (Gains Network) against Ondo Perps+0.132%45s7-day average +0.084% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.132%, 7d avg +0.084%

Together, before fees+0.026%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.048% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.084%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 3 days (−0.003% in total) that is about 47 days. The two prices were read 45 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	Ondo Perps XAG-USD.P	66.380	0.0050	pay 0.0006% / 1h	59m 44s	$5.7M	$9.5M	25x
Short	gTrade (Gains Network) XAG/USD	66.467	L +0.0004% / S −0.0006%	get 0.0001% / 1h	59m 44s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Ondo Perps. 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 Ondo PerpsbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.132%Rate

Funding earned: −$9.36
Price spread: +0.132% → +0.084%: $4.79
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$19.56
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 39 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.475	+0.144%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.510	+0.196%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.151%	$154.9M	$159.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.241%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.271%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.256%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.467	+0.132%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.477	+0.145%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.433	+0.079%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.030%	$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	66.590	+0.316%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.892%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.191%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	+0.179%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	+0.125%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.Plong	+0.0050%	1h	66.380	long leg	$5.7M	$9.5M	25x
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.226%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	+0.169%	$558K	$22.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	+0.202%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.496	+0.175%	$1.2M	$4.2M	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.520	+0.211%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	+0.157%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.181%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.226%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.517	+0.206%	$165.9M	$85.0M	25x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.246%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	+0.198%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	+0.210%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.520	+0.211%	$108.8M	$155.7M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.316%	$2.6M	$683K	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.259%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.521	+0.213%	$193.5M	$718.6M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.483	+0.155%	$5.3M	$10.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	+0.166%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	+0.184%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.269%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.490	+0.166%	$28.0M	$66.6M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.490	+0.166%	$24.6M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	+0.197%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.543	+0.246%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.188%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.234%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.211%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	+0.183%	$763K	$561K	25x	as long as short