Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.023%

Price spread now: gTrade (Gains Network) against Bybit−0.112%7-day average −0.111% · 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−$283as in the Price arb table

costs, in and out, $10k−$2832.825% of the position

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.112%, 7d avg −0.111%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.150	0.0087	pay 0.0043% / 4h	2h 48m	$27.8M	$36.4M	150x
Short	gTrade (Gains Network) XAG/USD	66.076	L +0.0004% / S −0.0006%	get 0.0001% / 1h	48m 48s	$121K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.112%Rate

Funding earned: −$16.93
Price spread: −0.112% → −0.111%: −$0.01
Slippage, 4 orders: −$261.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$299.47
Costs to cover: 2.825%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 30 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 Bybit live order book, 5 min ago	0.76 bp	6.3 bp −$6	8.7 bp −$87	14.9 bp −$1,492	48.2 bp −$24.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 30 min ago	130.01 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
Ondo Perps XAG-USD.P	−0.0030%	1h	66.030	−0.181%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.070%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	−0.030%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.076	−0.112%	$121K	—	250x
RISEx XAG/USDC	+0.0030%	1h	66.159	+0.013%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.117	−0.050%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.070	−0.121%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.378%	$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	66.018	−0.200%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	0.000%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.140	−0.015%	$149.8M	$153.9M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.572	+0.638%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.119	−0.047%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.065	−0.128%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	−0.030%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.134	−0.024%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0074%	1h	66.102	−0.073%	$166.6M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.110	−0.060%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDTlong	+0.0087%	4h	66.150	long leg	$27.8M	$36.4M	150x
Pacifica XAG	+0.0100%	1h	66.099	−0.078%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.076%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0111%	4h	66.139	−0.017%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.132	−0.027%	$5.2M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.130	−0.030%	$2.6M	$571K	100x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	−0.010%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.124	−0.040%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0163%	4h	66.139	−0.017%	$191.3M	$703.1M	100x	as long as short
MEXC SILVER_USDT	+0.0164%	4h	66.120	−0.045%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0165%	1h	66.118	−0.049%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDC	+0.0172%	4h	66.086	−0.097%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.257%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.075	−0.113%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.110	−0.060%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.015%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.130	−0.030%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.140	−0.015%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.149	−0.002%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	66.129	−0.032%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.100	−0.076%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.135	−0.023%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.108	−0.064%	$908K	$688K	25x	as long as short