Funding you earn now, next payment 10:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.079%
Price spread now: gTrade (Gains Network) against Deribit−0.062%7-day average −0.082% · 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−$280as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
Funding, last 4 days (all we have)−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.062%, 7d avg −0.082%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.020% dearer against Deribit than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.082%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SILVER_USDC-PERPETUAL | 65.450 | 0.0209 | pay 0.0026% / 1h | 8m 49s | $77K | $411K | 20x |
| Short | gTrade (Gains Network) XAG/USD | 65.409 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 8m 49s | $118K | — | 250x |
Deribit SILVER_USDC-PERPETUAL
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.58
- Price spread: −0.062% → −0.082%
- $2
- Slippage, 4 orders
- −$264.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$322.12
- Costs to cover
- 2.815%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 43 min ago; gTrade (Gains Network): virtual book (oracle exchange), 43 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 Deribit live order book, 43 min ago | 0.76 bp | 7.3 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle exchange), 43 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.296% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0009% | 1h | 65.340 | −0.168% | $5.7M | $10.5M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.390 | −0.091% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.470 | +0.031% | $139.3M | $200.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.480 | +0.046% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.510 | +0.092% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.470 | +0.031% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.409 | −0.062% | $118K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 65.469 | +0.029% | $4.5M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.398 | −0.080% | $5.1M | $11.6M | 10x | as long as short |
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | +0.0040% | 1h | 65.416 | −0.052% | $36K | $23K | 20x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.390 | −0.092% | $787K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.890 | +0.672% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.443 | −0.011% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.407 | −0.066% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 65.435 | −0.024% | $29K | $166 | 5x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.450 | 0.000% | $444K | $1.4M | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.390 | −0.092% | $1.6M | $1.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0097% | 24h | 65.448 | −0.003% | $625K | $37.3M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.394 | −0.085% | $465K | $572K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.430 | −0.031% | $25.2M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.400 | −0.076% | $112K | $19K | 50x | as long as short |
| Variational Omni XAG | +0.0101% | 4h | 65.440 | −0.015% | $5.7M | $9.2M | — | as long as short |
| Phoenix SILVER | +0.0110% | 1h | 65.406 | −0.067% | $55K | $13K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0119% | 1h | 65.433 | −0.026% | $174.3M | $92.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.461 | +0.017% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.450 | 0.000% | $120.6M | $167.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0130% | 4h | 65.466 | +0.024% | $193.0M | $836.8M | 100x | as long as short |
| edgeX XAGUSDC | +0.0132% | 4h | 65.468 | +0.027% | $667K | $313K | 30x | as long as short |
| Aster XAGUSDT | +0.0135% | 4h | 65.428 | −0.033% | $2.7M | $1.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0176% | 1h | 65.418 | −0.048% | $1.2M | $3.7M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0184% | 4h | 65.455 | +0.007% | $395K | $1.6M | 25x | as long as short |
| Lighter XAG | +0.0192% | 1h | 65.462 | +0.018% | $5.1M | $11.7M | 25x | as long as short |
| Bybit XAGUSDT | +0.0200% | 4h | 65.480 | +0.046% | $30.5M | $46.8M | 150x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.483 | +0.051% | $1.2M | $4.9M | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0209% | 1h | 65.450 | long leg | $77K | $411K | 20x | |
| Aftermath Perps XAGUSD | +0.0212% | 1h | 65.382 | −0.104% | $79K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0214% | 8h | 65.460 | +0.015% | $28.0M | $82.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 65.460 | +0.015% | $23.1M | $50.4M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 65.376 | −0.113% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0265% / S −0.0231% | 1h | 65.475 | +0.038% | $93K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0275% | 1h | 65.483 | +0.050% | $44K | $74K | 10x | as long as short |
| BloFin XAG-USDT | +0.0370% | 4h | 65.440 | −0.015% | $2.7M | $758K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0774% | 1h | 65.444 | −0.008% | $1.0M | $937K | 25x | as long as short |
Hotstuff SILVER-PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Phoenix SILVER
tradeXYZ xyz:SILVER
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aster XAGUSDT
Nado XAG-PERP
GRVT XAG_USDT_Perp
Lighter XAG
Bybit XAGUSDT
RISEx XAG/USDC
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
BloFin XAG-USDT
Kraken Futures PF_XAGUSD