Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.041%

Price spread now: Gate against Aftermath Perps+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.021% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	66.456	0.0140	pay 0.0017% / 1h	51m 55s	$80K	$40K	10x
Short	Gate XAG_USDT	66.470	0	get 0.0000% / 4h	51m 55s	$147.4M	$169.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$29.31
Price spread: +0.021% → 0.000%: $2.07
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.24
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.75 bp	8.3 bp −$8	8.3 bp −$83	11.2 bp −$1,118	13.6 bp −$6,782

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.428	−0.042%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.490	+0.051%	$25.8M	$33.6M	150x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.470	+0.021%	$147.4M	$169.4M	100x
SunX XAG-USDT	0.0000%	4h	66.490	+0.051%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.096%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.490	+0.051%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.410	−0.069%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.461	+0.007%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.411	−0.068%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.085%	$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	66.412	−0.067%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.449	−0.011%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.440	−0.024%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.912	+0.686%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.438	−0.027%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.409	−0.071%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.100%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.434	−0.033%	$590K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.470	+0.021%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.439	−0.026%	$165.5M	$87.5M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	66.475	+0.029%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0083%	4h	66.476	+0.030%	$5.6M	$10.5M	—	as long as short
MEXC SILVER_USDT	+0.0096%	4h	66.470	+0.021%	$113.9M	$152.8M	1000x	as long as short
edgeX XAGUSDC	+0.0098%	4h	66.502	+0.068%	$675K	$314K	30x	as long as short
Binance XAGUSDT	+0.0098%	4h	66.480	+0.036%	$191.6M	$732.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.436	−0.030%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.039%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.420	−0.055%	$113K	$19K	50x	as long as short
Bitget XAGUSDT	+0.0104%	4h	66.490	+0.051%	$24.2M	$48.2M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.467	+0.016%	$48K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0108%	8h	66.467	+0.016%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0120%	1h	66.461	+0.008%	$5.2M	$10.3M	25x	as long as short
BloFin XAG-USDT	+0.0125%	4h	66.500	+0.066%	$2.6M	$851K	100x	as long as short
Aftermath Perps XAGUSDlong	+0.0140%	1h	66.456	long leg	$80K	$40K	10x
GRVT XAG_USDT_Perp	+0.0148%	4h	66.529	+0.109%	$391K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.006%	$1.9M	$873K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0186%	8h	66.470	+0.021%	$27.6M	$66.9M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.490	+0.050%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0241%	1h	66.416	−0.061%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.485	+0.043%	$103K	—	111x	as long as short
Bullet SILVER-USD	+0.0259%	1h	66.481	+0.037%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.455	−0.002%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	+0.006%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.450	−0.009%	$768K	$570K	25x	as long as short