XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against gTrade (Gains Network)+0.112%7-day average +0.121% · 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−$293as in the Price arb table

costs, in and out, $10k−$2922.924% of the position

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.112%, 7d avg +0.121%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	65.616	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	9m 53s	$119K	—	250x
Short	Phemex XAGUSDT	65.690	0	get 0.0000% / 4h	2h 09m	$1.5M	$280K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$0.78
Price spread: +0.112% → +0.121%: −$0.83
Slippage, 4 orders: −$270.43
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$294.05
Costs to cover: 2.924%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Phemex: live order book, 3 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), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell Phemex live order book, 3 min ago	0.76 bp	6.8 bp −$7	14.4 bp −$144	doesn't fit	doesn't fit

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	65.576	−0.061%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.112%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.143%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	65.690	+0.112%	$1.5M	$280K	100x
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.086%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	65.616	long leg	$119K	—	250x
RISEx XAG/USDC	+0.0030%	1h	65.662	+0.070%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.671	+0.084%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	+0.034%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.194%	$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
Phoenix SILVER	+0.0036%	1h	65.418	−0.302%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.143%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.071%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.688%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	+0.016%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	+0.030%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	+0.021%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.014%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.616	−0.001%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	+0.036%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.659	+0.065%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.680	+0.097%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	−0.048%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	+0.067%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.330%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.700	+0.128%	$28.9M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.050%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.691	+0.113%	$5.3M	$11.2M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.214%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	+0.094%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0138%	4h	65.690	+0.112%	$189.4M	$744.8M	100x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	65.680	+0.097%	$123.8M	$161.7M	1000x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.052%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.264%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.132%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.284%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	+0.097%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.222%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.128%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.128%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.098%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	+0.089%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.010%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	+0.062%	$916K	$735K	25x	as long as short