Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.063%

Price spread now: gTrade (Gains Network) against Bitget−0.106%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2852.848% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.106%, 7d avg −0.094%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.550	0.0212	pay 0.0106% / 4h	2h 48m	$24.5M	$46.2M	100x
Short	gTrade (Gains Network) XAG/USD	66.479	L +0.0004% / S −0.0006%	get 0.0001% / 1h	48m 22s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.106%Rate

Funding earned: −$43.29
Price spread: −0.106% → −0.094%: −$1.23
Slippage, 4 orders: −$262.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$329.3
Costs to cover: 2.848%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 51 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 Bitget live order book, 6 min ago	0.75 bp	6.8 bp −$7	9.0 bp −$90	20.1 bp −$2,006	52.1 bp −$26.0K
Sell gTrade (Gains Network) virtual book (oracle venue), 51 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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
Hotstuff SILVER-PERP	−0.0064%	1h	66.557	+0.011%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.486	−0.096%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	−0.015%	$154.7M	$161.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.630	+0.120%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	+0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.479	−0.106%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.583	+0.049%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.481	−0.103%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.225%	$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
StandX XAG-USD	+0.0040%	1h	66.590	+0.060%	$801K	$2.9M	40x	as long as short
Bybit XAGUSDT	+0.0045%	4h	66.570	+0.030%	$26.4M	$36.0M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.660%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.508	−0.063%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.558	+0.012%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.484	−0.099%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.490	−0.090%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.580	+0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.545	−0.008%	$566K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.600	+0.075%	$1.3M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.540	−0.015%	$474K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.550	0.000%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.580	+0.045%	$127K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.499	−0.077%	$166.0M	$79.2M	25x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.030%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0110%	4h	66.544	−0.010%	$2.8M	$1.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	66.590	+0.061%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0120%	4h	66.595	+0.067%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.544	−0.009%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	66.540	−0.015%	$108.4M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0139%	4h	66.550	0.000%	$193.0M	$712.1M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.508	−0.062%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.591	+0.062%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.550	0.000%	$1.9M	$965K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.550	0.000%	$28.0M	$66.4M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.560	+0.015%	$397K	$1.5M	25x	as long as short
Bitget XAGUSDTlong	+0.0212%	4h	66.550	long leg	$24.5M	$46.2M	100x
Aftermath Perps XAGUSD	+0.0216%	1h	66.541	−0.014%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.543	−0.010%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.528	−0.033%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0283%	1h	66.564	+0.022%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.555	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.030%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.521	−0.043%	$767K	$546K	25x	as long as short