Open interest
Chart$749.4M -2.8% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $228.5M | |
| MEXC | $164.7M | -1.7% |
| trade.xyz | $99.6M | -1.0% |
| Gate | $69.5M | -10.1% |
Commodities perp · up to 1000x · 31 venues
Silver perpetual futures (XAG)
At 03:04 UTC on November 12, 2026, the Silver (XAG) perp traded at $51.63 (-1.63% over 24 hours), with $749.4M in open interest across 31 venues, led by Binance with 30%. Maximum leverage is 1000x, on MEXC; open-interest-weighted funding is 4.9% annualized.
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As of
- Veranta, 170 markets
- trade.xyz, 110 markets
- Lighter, 209 markets
- Aster, 577 markets
- GMX, 143 markets
- Paradex, 66 markets
- Extended, 340 markets
- QFEX, 237 markets
- Orderly, 142 markets
- Nado, 74 markets
- Kraken Futures, 209 markets
- Variational, 588 markets
- Pacifica, 78 markets
- edgeX, 157 markets
- GRVT, 184 markets
- Aevo, unavailable
- gTrade, 178 markets
- Ostium, 83 markets
- Hibachi, 15 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- Deribit, 144 markets
- Bitfinex, 76 markets
- Phemex, 147 markets
- Binance, 758 markets
- WhiteBIT, 395 markets
- Crypto.com, 414 markets
- Kalshi, 86 markets
$51.63Live
Loading the price chart.
XAG at a glance
Volume, 24h
Chart$1.4B +529.4% d/d
- Volume / OI
- 1.81x
- Nov 9, full day
- $1.6B
- Nov 5: $2.8B
- Nov 6: $1.7B
- Nov 7: $49.9M
- Nov 8: $259.8M
- Nov 9: $1.6B
Funding
Chart+4.9% a year
- Widest venue gap
- 51.5% long Hibachi, short Crypto.com
- Paid over 24h, MEXC
- +0.015% longs paid
Liquidations
Chart$766.8K 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Taker flow
Chart50% buys, 24h
BuysSells
| Window | Taker buys against taker sells | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Long vs short
Accounts45% long, large accounts
- Long / short
- $46.0M / $57.3M
- Accounts
- 42 long · 15 short (2.80 L/S)
- Veranta, every trader
- 49% long of $507.7K
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $994.2K
- Shorts, price up 5%
- $0
- Heaviest long level
- $678.5K near $50.15 (-2.9%)
XAG at your leverage
- Liquidation price
- $46.49 −10.0% from $51.63 on MEXC
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- −$163 −16% of margin from the 24-hour change
- Hold a day
- $0.00 Funding and borrow at today's rate
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| MEXC | Yes | $46.49 | −10.0% | $0.00 |
| GMX | Yes | $46.70 | −9.5% | −$15.93 |
| OKX | Yes | $46.70 | −9.5% | −$2.66 |
| Bitget | Yes | $46.70 | −9.5% | −$4.26 |
| Gate | Yes | $46.70 | −9.5% | $0.00 |
| Bitfinex | Yes | $46.70 | −9.5% | −$1.38 |
| Phemex | Yes | $46.70 | −9.5% | $0.00 |
| WhiteBIT | Yes | $46.70 | −9.5% | −$6.00 |
| HTX | Yes | $46.78 | −9.4% | −$0.96 |
| KuCoin | Yes | $46.78 | −9.4% | −$1.92 |
| Crypto.com | Yes | $46.94 | −9.1% | −$7.16 |
| gTrade | Yes | $46.99 | −9.0% | −$5.17 |
| Ostium | Yes | $46.99 | −9.0% | −$2.53 |
| Veranta | Yes | $47.24 | −8.5% | −$1.47 |
| edgeX | Yes | $47.26 | −8.5% | −$0.18 |
| trade.xyz | Yes | $47.42 | −8.2% | −$1.50 |
| Kraken Futures | Yes | $47.42 | −8.2% | −$3.71 |
| Lighter | Yes | $47.61 | −7.8% | −$0.96 |
| QFEX | Yes | $47.66 | −7.7% | −$4.22 |
| Orderly | Yes | $47.66 | −7.7% | −$4.63 |
| Deribit | Yes | $47.66 | −7.7% | −$6.47 |
| Extended | Yes | $48.92 | −5.3% | −$0.96 |
| Nado | Yes | $48.92 | −5.3% | −$4.21 |
| Pacifica | Yes | $48.92 | −5.3% | −$3.00 |
Below 10x:Kalshi Paradex Aster cap not publishedVariational cap not publishedGRVT cap not publishedHibachi cap not publishedBinance cap not published
XAUT
BRENTOIL
PAXG
NATGAS
HYPEXAG perpetual market
Funding spread 51.5% · long Hibachi, short Crypto.com · Price dispersion 26.2 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 7 venues that cap below your 10x.
| Binance · daily | XAGUSDT | – | – | $228.5M | – | 30% | $760.2M | 3.33x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| MEXC | SILVER_USDT | $51.65 | -1.41% | $164.7M | -1.7% | 22% | $165.2M | 1.00x | 0.0% | 1000x |
| trade.xyz | xyz:SILVER | $51.59 | -1.54% | $99.6M | -1.0% | 13% | $50.3M | 0.51x | +5.5% | 25x |
| Gate | XAG_USDT | $51.65 | -1.39% | $69.5M | -10.1% | 9.3% | $205.0M | 2.95x | 0.0% | 100x |
| OKX | XAG-USDT-SWAP | $51.65 | -1.41% | $41.5M | -1.7% | 5.5% | $56.1M | 1.35x | +9.7% | 100x |
| WhiteBIT | XAG_PERP | $51.60 | -1.64% | $30.4M | +1.4% | 4.1% | $7.1M | 0.23x | +21.9% | 100x |
| Bitget | XAGUSDT | $51.66 | -1.39% | $30.0M | -3.9% | 4.0% | $43.5M | 1.45x | +15.5% | 100x |
| Aster | XAGUSD1 | $51.66 | -1.92% | $27.0M | -5.9% | 3.6% | $4.1M | 0.15x | 0.0% | – |
| KuCoin | XAGUSDTM | $51.65 | -1.41% | $19.2M | -5.0% | 2.6% | $1.5M | 0.08x | +7.0% | 75x |
| Variational | XAG | $51.54 | -1.54% | $8.3M | +4.8% | 1.1% | $3.4M | 0.41x | 0.0% | – |
| QFEX | SILVER-USD | $51.61 | -1.38% | $6.7M | +15.6% | 0.9% | $4.4M | 0.66x | +15.4% | 20x |
| Lighter | XAG | $51.61 | -1.86% | $5.7M | +3.3% | 0.8% | $17.3M | 3.03x | +3.5% | 25x |
| Extended | XAG-USD | $51.58 | -1.36% | $2.7M | -7.8% | 0.4% | $3.4M | 1.27x | +3.5% | 10x |
| Nado | XAG-PERP | $51.65 | -1.34% | $2.6M | -1.3% | 0.3% | $396.9K | 0.15x | +15.4% | 10x |
| Deribit | SILVER_USDC-PERPETUAL | $51.59 | -1.45% | $2.6M | +8.5% | 0.3% | $3.0M | 1.18x | +23.6% | 20x |
| Kraken Futures | PF_XAGUSD | $51.58 | -1.36% | $2.1M | +2.8% | 0.3% | $1.1M | 0.55x | +13.6% | 25x |
| Phemex | XAGUSDT | $51.66 | -1.45% | $1.6M | -37.6% | 0.2% | $5.3M | 3.28x | 0.0% | 100x |
| HTX | XAG-USDT | $51.62 | -1.58% | $1.6M | +1.7% | 0.2% | $742.7K | 0.46x | +3.5% | 75x |
| Kalshi | KXSILVERPERP | $51.58 | -1.45% | $1.5M | -19.4% | 0.2% | $17.0M | 11.22x | +10.5% | 8.3x |
| Crypto.com | XAGUSD-PERP | $51.54 | -1.44% | $897.5K | -3.5% | 0.1% | $775.9K | 0.86x | +26.1% | 50x |
| Pacifica | XAG | $51.58 | -1.39% | $591.5K | +0.5% | <0.1% | $127.6K | 0.22x | +10.9% | 10x |
| edgeX | XAGUSDC | $51.58 | -1.46% | $578.9K | -2.2% | <0.1% | $501.5K | 0.87x | +0.7% | 30x |
| GMX | arb:SILVER/USD [WETH-USDC] | $51.68 | -1.38% | $557.8K | +296.6% | <0.1% | $489.2K | 0.88x | +15.3% | 100x |
| Veranta | XAG/USD | – | – | $507.7K | +0.2% | <0.1% | not published | – | 0.0% | 75x |
| GRVT | XAG_USDT_Perp | $51.65 | -1.48% | $324.7K | +1.2% | <0.1% | $2.0M | 6.01x | 0.0% | – |
| Orderly | PERP_XAG_USDC | $51.60 | -1.40% | $160.4K | +3.0% | <0.1% | $62.6K | 0.39x | +16.9% | 20x |
| Ostium | XAG/USD | $51.58 | -1.38% | $90.6K | +0.3% | <0.1% | not published | – | 0.0% | 25x |
| Hibachi | XAG/USDT-P | $51.54 | -1.46% | $35.3K | +11.1% | <0.1% | $43.4K | 1.23x | -25.4% | – |
| gTrade | XAG/USD | $51.56 | -1.41% | $33.0K | -2.5% | <0.1% | not published | – | +15.9% | 250x |
| Paradex | XAG-USD-PERP | $51.63 | -1.38% | $24.2K | -1.3% | <0.1% | $0 | 0.00x | +6.2% | 5x |
| Bitfinex | tXAGF0:USTF0 | $51.63 | -1.42% | $341 | -1.2% | <0.1% | $52 | 0.15x | +5.0% | 100x |
| All venues | $51.63 | -1.63% | $749.4M | -2.8% | 100% | $1.4B | 1.81x | +4.9% | 1000x |
XAG funding rate
XAG funding is +4.9% a year, weighted by open interest across 31 venues, with 51.5% between the highest and lowest venue.
XAG funding settlements, 7 days
Veranta
Latest settled 0.0% APR · hourly
trade.xyz
Latest settled +5.5% APR · hourly
Lighter
Latest settled +7.0% APR · hourly
Aster
Latest settled 0.0% APR · every 4h
GMX
Latest settled +15.3% APR · hourly
Paradex
Latest settled +7.0% APR · every 8h
Extended
Latest settled +3.5% APR · hourly
QFEX
Latest settled +13.3% APR · hourly
Orderly
Latest settled +10.9% APR · every 4h
Nado
Latest settled +11.7% APR · hourly
Kraken Futures
Latest settled +8.3% APR · hourly
Variational
Latest settled 0.0% APR · every 4h
Pacifica
Latest settled +10.9% APR · hourly
edgeX
Latest settled +4.1% APR · every 4h
GRVT
Latest settled +1.4% APR · every 4h
gTrade
Latest settled +15.9% APR · hourly
Ostium
Latest settled 0.0% APR · hourly
Hibachi
Latest settled -11.4% APR · hourly
OKX
Latest settled +10.7% APR · every 8h
Bitget
Latest settled +15.8% APR · every 4h
Gate
Latest settled 0.0% APR · every 4h
MEXC
Latest settled +2.8% APR · every 4h
HTX
Latest settled +8.0% APR · every 4h
KuCoin
Latest settled +7.7% APR · every 4h
Deribit
Latest settled +28.7% APR · hourly
Bitfinex
Latest settled +5.0% APR · every 8h
Phemex
Latest settled 0.0% APR · every 4h
WhiteBIT
Latest settled +21.9% APR · every 4h
Crypto.com
Latest settled +26.1% APR · hourly
Kalshi
Latest settled +10.5% APR · every 24h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Veranta | 167 | 0.0% | 0.0% | 0.0% | 0% of hours |
| trade.xyz | 167 | +4.1% | -108.0% | +15.9% | 94% of hours |
| Lighter | 167 | +3.8% | -97.2% | +15.8% | 97% of hours |
| Aster | 42 | +0.4% | -1.1% | +5.5% | 12% of hours |
| GMX | 167 | +15.3% | +9.7% | +29.0% | 100% of hours |
| Paradex | 167 | +6.0% | -46.3% | +13.5% | 99% of hours |
| Extended | 167 | +5.7% | -125.3% | +44.7% | 97% of hours |
| QFEX | 167 | +4.5% | -6.7% | +17.5% | 65% of hours |
| Orderly | 47 | +13.7% | -20.8% | +21.1% | 98% of hours |
| Nado | 167 | +16.7% | -5.2% | +40.5% | 99% of hours |
| Kraken Futures | 167 | +16.0% | -29.1% | +50.4% | 85% of hours |
| Variational | 167 | +1.1% | -63.6% | +20.0% | 20% of hours |
| Pacifica | 167 | +9.0% | -166.8% | +10.9% | 98% of hours |
| edgeX | 47 | +2.8% | -4.0% | +22.0% | 98% of hours |
| GRVT | 47 | +0.1% | -6.1% | +4.6% | 11% of hours |
| gTrade | 167 | +15.9% | +15.9% | +15.9% | 100% of hours |
| Ostium | 167 | 0.0% | 0.0% | 0.0% | 0% of hours |
| Hibachi | 167 | +33.3% | -210.2% | +212.9% | 60% of hours |
| OKX | 30 | +3.9% | 0.0% | +18.2% | 44% of hours |
| Bitget | 47 | +4.6% | 0.0% | +26.3% | 43% of hours |
| Gate | 47 | +0.2% | 0.0% | +16.2% | 2% of hours |
| MEXC | 47 | +1.7% | -7.0% | +21.5% | 26% of hours |
| HTX | 47 | +2.2% | 0.0% | +29.0% | 24% of hours |
| KuCoin | 47 | +2.9% | 0.0% | +21.5% | 27% of hours |
| Deribit | 167 | +17.6% | -2.2% | +61.2% | 98% of hours |
| Bitfinex | 23 | -24.6% | -273.8% | +22.9% | 20% of hours |
| Phemex | 44 | +4.0% | 0.0% | +47.2% | 12% of hours |
| WhiteBIT | 167 | -0.7% | -30.7% | +21.9% | 49% of hours |
| Crypto.com | 166 | +10.6% | -44.6% | +94.6% | 76% of hours |
| Kalshi | 18 | +16.9% | 0.0% | +25.9% | 85% of hours |
XAG open interest
XAG open interest is $749.4M across 31 venues.
XAG liquidation map
Range
Current price $51.72. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $47.71 to $47.84 | $1.8M | $0 |
| $50.17 to $50.29 | $678.5K | $0 |
| $48.10 to $48.23 | $622.5K | $0 |
| $47.58 to $47.71 | $446.5K | $0 |
| $46.93 to $47.06 | $309.9K | $0 |
| $49.52 to $49.65 | $232.2K | $0 |
| $46.54 to $46.67 | $231.8K | $0 |
| $47.19 to $47.32 | $173.5K | $0 |
| $55.34 to $55.47 | $0 | $132.2K |
| $47.32 to $47.45 | $79.0K | $0 |
| $49.39 to $49.52 | $75.0K | $0 |
| $47.06 to $47.19 | $61.3K | $0 |
425 accounts on trade.xyz · $82.9M long · $99.1M short · Nov 12, 02:00 UTC
XAG liquidation history
XAG long and short liquidations by venue.
XAG volume and order flow
$1.4B of XAG traded in the last 24 hours across 31 venues.
XAG order book and taker flow
trade.xyz
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | $11.1M | $9.9M | +$1.2M | 53% |
| 4 hours | $19.1M | $19.9M | −$836.5K | 49% |
| 12 hours | $77.7M | $74.8M | +$2.9M | 51% |
| 24 hours | $174.2M | $174.4M | −$276.0K | 50% |
| 3 days | $720.5M | $719.4M | +$1.1M | 50% |
| 7 days | $1.1B | $1.1B | −$13.7M | 50% |
XAG large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 11, 23:10 UTC | OKX | Long liquidated | $13.9K | $51.63 |
| Nov 11, 22:28 UTC | Gate | Long liquidated | $100.0K | $51.79 |
| Nov 11, 22:28 UTC | Gate | Long liquidated | $378.4K | $51.79 |
| Nov 11, 21:56 UTC | trade.xyz | Taker sell | $119.5K | $51.67 |
| Nov 11, 19:45 UTC | trade.xyz | Taker sell | $155.6K | $51.86 |
| Nov 11, 18:11 UTC | trade.xyz | Taker buy | $195.1K | $52.03 |
| Nov 11, 18:11 UTC | trade.xyz | Taker buy | $390.2K | $52.03 |
| Nov 11, 17:52 UTC | Gate | Long liquidated | $25.1K | $52.09 |
| Nov 11, 16:06 UTC | Deribit | Taker buy | $148.9K | $52.36 |
| Nov 11, 15:56 UTC | trade.xyz | Taker sell | $100.3K | $52.27 |
XAG news
Loading the latest XAG headlines.
Silver coverage
Perps stories
- Hyperliquid's biggest accounts are 64% short on gold, silver and other metalsBig trades ·
- The Fed minutes knocked metals lower and silver perps had their busiest dayMarkets ·
- Trade.xyz's volume rose 240% as its markets came off weekend pricingVolume ·
- Silver perps fell 4%, more than three times the move that liquidates a 75x longMarkets ·
XAG listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Nov 12, 2026 | Hibachi XAG/USDT-P | Listed again |
| Oct 30, 2026 to Nov 12, 2026 | GMX arb:SILVER/USD [WETH-USDC] | Max leverage moves between 25x and 100x (18 changes), now 100x |
| Nov 11, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 11, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 10, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 10, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 9, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 9, 2026 | Veranta XAG/USD | Max leverage changed from 20.0x to 75.0x |
| Nov 9, 2026 | gTrade XAG/USD | Max leverage changed from 4.0x to 250.0x |
| Nov 9, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 8, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 6, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 6, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 6, 2026 | gTrade XAG/USD | Max leverage changed from 250.0x to 4.0x |
| Nov 6, 2026 | Veranta XAG/USD | Max leverage changed from 75.0x to 20.0x |
| Nov 6, 2026 | Kalshi KXSILVERPERP | Max leverage changed from 8.2999x to 8.3x |
| Nov 6, 2026 | OKX XAG-USDT-SWAP | Max leverage changed from 50.0x to 100.0x |
| Nov 6, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 5, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 5, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 4, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 4, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 3, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 3, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 2, 2026 | Hibachi XAG/USDT-P | Delisted |
| Nov 2, 2026 | Veranta XAG/USD | Max leverage changed from 20.0x to 75.0x |
| Nov 2, 2026 | gTrade XAG/USD | Max leverage changed from 4.0x to 250.0x |
| Nov 2, 2026 | Hibachi XAG/USDT-P | Listed again |
| Nov 1, 2026 | Hibachi XAG/USDT-P | Delisted |
| Oct 30, 2026 | Hibachi XAG/USDT-P | Listed again |
| Oct 30, 2026 | Hibachi XAG/USDT-P | Delisted |
| Oct 30, 2026 | gTrade XAG/USD | Max leverage changed from 250.0x to 4.0x |
| Oct 30, 2026 | Veranta XAG/USD | Max leverage changed from 75.0x to 20.0x |