Funding you earn now, next payment 03:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.031%
Price spread now: Binance against gTrade (Gains Network)+0.084%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
Funding, last 3 days (all we have)+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.084%, 7d avg +0.087%
=The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.034% in total (about 3.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XAG/USD | 66.154 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 46m 42s | $121K | — | 250x |
| Short | Binance XAGUSDT | 66.210 | 0.0189 | get 0.0095% / 4h | 1h 46m | $191.6M | $705.7M | 100x |
gTrade (Gains Network) XAG/USD
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $38.94
- Price spread: +0.084% → +0.087%
- −$0.32
- Slippage, 4 orders
- −$261.53
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$242.91
- Costs to cover
- 2.815%
- Break-even
- 50.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 47 min ago; Binance: live order book, 12 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 gTrade (Gains Network) virtual book (oracle venue), 47 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 580.0 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell Binance live order book, 12 min ago | 0.75 bp | 5.8 bp −$6 | 5.8 bp −$58 | 8.8 bp −$881 | 23.0 bp −$11.5K |
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 | 66.178 | +0.036% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.220 | +0.099% | $150.9M | $161.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.220 | +0.099% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.260 | +0.160% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.250 | +0.145% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.154 | long leg | $121K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.196 | +0.063% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.142 | −0.018% | $5.3M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.371% | $11K | $94K | 52x | as long as short |
| Ondo Perps XAG-USD.P | +0.0036% | 1h | 66.110 | −0.067% | $5.7M | $9.7M | 25x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Ondo Perps XAG-USD.PShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.240 | +0.129% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.657 | +0.760% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.187 | +0.049% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.148 | −0.010% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.220 | +0.099% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.183 | +0.043% | $546K | $24.5M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 66.183 | +0.043% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0082% | 1h | 66.173 | +0.028% | $165.7M | $74.8M | 25x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.206 | +0.078% | $56K | $26K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.157 | +0.004% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.160 | +0.008% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.170 | +0.024% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0134% | 8h | 66.210 | +0.084% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0135% | 4h | 66.218 | +0.096% | $2.7M | $894K | 100x | as long as short |
| Bybit XAGUSDT | +0.0145% | 4h | 66.230 | +0.114% | $26.7M | $36.0M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.205 | +0.077% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.206 | +0.079% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.133% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.220 | +0.099% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0188% | 4h | 66.200 | +0.069% | $110.5M | $151.9M | 1000x | as long as short |
| Binance XAGUSDTshort | +0.0189% | 4h | 66.210 | +0.084% | $191.6M | $705.7M | 100x | |
| edgeX XAGUSDC | +0.0192% | 4h | 66.221 | +0.101% | $672K | $315K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.296% | $1.9M | $972K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 66.200 | +0.069% | $27.8M | $65.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.218 | +0.096% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0238% | 1h | 66.170 | +0.024% | $1.3M | $6.6M | 10x | as long as short |
| BloFin XAG-USDT | +0.0243% | 4h | 66.240 | +0.129% | — | $559K | 100x | as long as short |
| Bitget XAGUSDT | +0.0250% | 4h | 66.210 | +0.084% | $23.8M | $46.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0261% | 1h | 66.229 | +0.112% | $46K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.160 | +0.008% | $20K | $22K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0278% | 4h | 66.277 | +0.186% | $400K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0332% / S −0.0343% | 1h | 66.225 | +0.107% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.200 | +0.069% | $50K | $326K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.182 | +0.041% | $763K | $475K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
BloFin XAG-USDT
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD