Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Gate against Bybit0.000%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg +0.005%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.570	0	get 0.0000% / 4h	3h 07m	$25.6M	$35.6M	150x
Short	Gate XAG_USDT	66.570	0	get 0.0000% / 4h	3h 07m	$155.1M	$169.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.005%: −$0.48
Slippage, 4 orders: −$5.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.59
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	0.75 bp	6.3 bp −$6	7.9 bp −$79	14.4 bp −$1,440	53.4 bp −$26.7K
Sell Gate live order book, 2 min ago	0.75 bp	8.3 bp −$8	9.0 bp −$90	13.1 bp −$1,305	16.3 bp −$8,151

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	66.473	−0.146%	$15K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.570	long leg	$25.6M	$35.6M	150x
Gate XAG_USDTshort	0.0000%	4h	66.570	0.000%	$155.1M	$169.4M	100x
SunX XAG-USDT	0.0000%	4h	66.580	+0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.580	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	+0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.121%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.525	−0.068%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.547	−0.035%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.494	−0.114%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.255%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	0.000%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.984	+0.622%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.468	−0.153%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.521	−0.074%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.511	−0.089%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.180%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.045%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.522	−0.072%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	66.517	−0.080%	$165.8M	$84.6M	25x	as long as short
Aster XAGUSDT	+0.0092%	4h	66.567	−0.005%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0099%	4h	66.494	−0.114%	$5.6M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.505	−0.098%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.075%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.135%	$126K	$24K	50x	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.548	−0.033%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.565	−0.008%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0114%	4h	66.550	−0.030%	$108.8M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0116%	4h	66.560	−0.015%	$193.7M	$719.4M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.550	−0.031%	$5.4M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0132%	4h	66.514	−0.084%	$675K	$314K	30x	as long as short
BloFin XAG-USDT	+0.0145%	4h	66.540	−0.045%	$2.6M	$698K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.560	−0.015%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	−0.029%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.480	−0.135%	$1.9M	$933K	20x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.502	−0.102%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	66.560	−0.015%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.570	0.000%	$28.0M	$66.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.501	−0.104%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0247%	1h	66.567	−0.004%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.479	−0.136%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.585	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.560	−0.015%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.554	−0.024%	$765K	$564K	25x	as long as short