Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.037%

Price spread now: gTrade (Gains Network) against BloFin−0.152%7-day average −0.106% · 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−$293as in the Price arb table

costs, in and out, $10k−$2882.880% of the position

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$11 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.152%, 7d avg −0.106%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.106%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.590	0.0122	pay 0.0061% / 4h	3h 00m	$2.6M	$683K	100x
Short	gTrade (Gains Network) XAG/USD	66.489	L +0.0004% / S −0.0006%	get 0.0001% / 1h	0m 44s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.152%Rate

Funding earned: −$24.45
Price spread: −0.152% → −0.106%: −$4.58
Slippage, 4 orders: −$266.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$317.03
Costs to cover: 2.880%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 38 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 BloFin live order book, 2 min ago	0.75 bp	11.3 bp −$11	11.3 bp −$113	12.5 bp −$1,252	17.6 bp −$8,788
Sell gTrade (Gains Network) virtual book (oracle venue), 38 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
dYdX XAG-USD	0.0000%	1h	66.475	−0.172%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.570	−0.030%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.550	−0.060%	$155.4M	$169.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	−0.045%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	−0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.489	−0.152%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.534	−0.083%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.483	−0.161%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.285%	$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	0.000%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.599%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	−0.114%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.125%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	−0.102%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.475	−0.173%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.210%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.075%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.519	−0.107%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.489	−0.152%	$165.8M	$84.9M	25x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.510	−0.120%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.159%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.510	−0.120%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.090%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	−0.070%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.542	−0.073%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.541	−0.073%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.550	−0.060%	$108.9M	$161.4M	1000x	as long as short
BloFin XAG-USDTlong	+0.0122%	4h	66.590	long leg	$2.6M	$683K	100x
Binance XAGUSDT	+0.0123%	4h	66.543	−0.071%	$193.5M	$716.8M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	−0.057%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.514	−0.114%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	−0.051%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.090%	$1.9M	$935K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.506	−0.126%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	−0.047%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	−0.045%	$28.0M	$66.7M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.550	−0.060%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	−0.080%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	−0.039%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	−0.089%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.090%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.520	−0.105%	$765K	$564K	25x	as long as short