data as of
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Price arb /

XAG

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$270
spread now+0.062%7d average+0.059%fees + slippage, in and out−$270spread needed2.704%
Long on gTrade (Gains Network)Short on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAG/USD66.410L +0.0004% / S −0.0006%pay 0.0000% / 1h26m 53s$116K—250x
ShortLighter XAG66.4510.0168get 0.0021% / 1h26m 53s$5.2M$10.1M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.16
Funding while held
$4.93
Slippage, 4 orders
−$260.38
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$259.29
Spread needed to break even
2.704%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 19 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0164%
Per $10,000 a day
+$4.93
Average in range /8h
—

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), 19 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350580.0 bp −$58.0K2587.5 bp −$1.29M
Sell Lighter live order book, 3 min ago0.18 bp0.2 bp $01.5 bp −$158.7 bp −$86620.7 bp −$10.4K

XAG price on every exchange

against the cheapest. Click to use as the short leg.
Extended66.349cheapesttradeXYZ66.370+0.031%Bitget66.400+0.077%Injective66.400+0.077%SoDEX66.400+0.077%Bybit66.410+0.092%OKX66.410+0.092%
gTrade (Gains Network)66.410+0.092%
Lighter RH66.416+0.100%Binance66.420+0.107%KuCoin66.430+0.122%Kraken Futures66.431+0.123%Ondo Perps66.440+0.137%Gate66.440+0.137%MEXC66.440+0.137%Deribit66.440+0.137%Aster66.440+0.138%
Lighter66.451+0.154%
SunX66.460+0.167%Aevo66.461+0.169%BloFin66.470+0.182%Kalshi66.473+0.187%GMX66.475+0.190%Phoenix66.477+0.193%HTX66.490+0.212%Nado66.496+0.222%dYdX66.497+0.223%Bullet66.502+0.230%Polymarket Perps66.503+0.232%QFEX66.510+0.242%Phemex66.510+0.242%Pacifica66.516+0.252%Hotstuff66.518+0.255%ApeX Omni66.520+0.258%Hibachi66.533+0.278%Paradex66.538+0.284%RISEx66.540+0.288%Aftermath Perps66.541+0.289%Coinbase International66.550+0.303%StandX66.580+0.348%Variational Omni66.602+0.381%edgeX66.603+0.382%Vest66.974+0.942%

XAG on 43 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended XAG-USD−0.092%+0.0032%1h$4.2M$13.3M10xas long as short
tradeXYZ xyz:SILVER−0.061%+0.0050%1h$169.9M$79.2M25xas long as short
Bitget XAGUSDT−0.015%+0.0224%4h$22.6M$42.5M100xas long as short
Injective XAG/USDC PERP−0.015%+0.0033%1h$11K$218K52xas long as short
SoDEX SILVER-USD−0.015%+0.0050%1h$4K$5K20xas long as short
Bybit XAGUSDT0.000%+0.0054%4h$23.3M$32.1M150xas long as short
OKX XAG-USDT-SWAP0.000%+0.0176%8h$28.6M$53.8M50xas long as short
gTrade (Gains Network) XAG/USDlong0.000%L +0.0004% / S −0.0006%1h$116K—250x
Lighter RH XAG+0.008%+0.0032%1h$4.5M$7.8M25xas long as short
Binance XAGUSDT+0.015%+0.0153%4h$188.5M$651.4M100xas long as short
Show all 43 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin XAGUSDTM+0.030%+0.0100%4h$22.9M$2.9M75xas long as short
Kraken Futures PF_XAGUSD+0.031%+0.0217%1h$745K$391K25xas long as short
Ondo Perps XAG-USD.P+0.045%+0.0035%1h$6.2M$6.1M25xas long as short
Gate XAG_USDT+0.045%+0.0044%4h$131.0M$161.4M100xas long as short
MEXC SILVER_USDT+0.045%+0.0152%4h$110.4M$154.2M1000xas long as short
Deribit SILVER_USDC-PERPETUAL+0.045%+0.0202%1h$89K$586K20xas long as short
Aster XAGUSDT+0.045%+0.0087%4h$2.8M$1.1M100xas long as short
Lighter XAGshort+0.062%+0.0168%1h$5.2M$10.1M25x
SunX XAG-USDT+0.075%0.0000%4h$2K$3.0M20xas long as short
Aevo XAG-PERP+0.077%+0.0144%1h$48K—10xas long as short
BloFin XAG-USDT+0.090%+0.0097%4h$2.8M$1.6M100xas long as short
Kalshi KXSILVERPERP+0.095%0.0000%24h$722K$14.6M8.1xas long as short
GMX SILVER/USD [ETH-USDC]+0.098%L +0.0228% / S −0.0208%1h$83K—111xas long as short
Phoenix SILVER+0.101%+0.0024%1h$56K$26K25xas long as short
HTX XAG-USDT+0.120%0.0000%4h$1.0M$852K75xas long as short
Nado XAG-PERP+0.130%+0.0145%1h$1.3M$5.6M10xas long as short
dYdX XAG-USD+0.131%0.0000%1h$15K$9975xas long as short
Bullet SILVER-USD+0.138%+0.0215%1h$45K$78K10xas long as short
Polymarket Perps SILVER-USD+0.140%+0.0050%1h$3.7M$229K20xas long as short
QFEX SILVER-USD+0.150%+0.0042%1h$1.4M$2.1M20xas long as short
Phemex XAGUSDT+0.150%0.0000%4h$1.5M$238K100xas long as short
Pacifica XAG+0.160%+0.0100%1h$479K$664K10xas long as short
Hotstuff SILVER-PERP+0.162%+0.0032%1h$37K$8K20xas long as short
ApeX Omni XAGUSDT+0.165%+0.0100%1h$113K$189K50xas long as short
Hibachi XAG/USDT-P+0.186%−0.0208%1h$23K$15K10xas long as short
Paradex XAG-USD-PERP+0.192%+0.0068%8h$30K$1K5xas long as short
RISEx XAG/USDC+0.195%0.0000%1h$1.4M$2.2M20xas long as short
Aftermath Perps XAGUSD+0.197%+0.0180%1h$80K$38K10xas long as short
Coinbase International SILVER-PERP-INTX+0.211%+0.0224%1h$1.8M$1.1M20xas long as short
StandX XAG-USD+0.256%+0.0040%1h$712K$1.2M40xas long as short
Variational Omni XAG+0.289%+0.0138%4h$6.0M$11.4M—as long as short
edgeX XAGUSDC+0.290%+0.0156%4h$672K$327K30xas long as short
Vest SI-PERP+0.849%+0.0046%1h——25xas long as short