Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.054%

Price spread now: Gate against Coinbase International+0.030%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.030%, 7d avg +0.032%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, 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	Coinbase International SILVER-PERP-INTX	65.950	0.0208	pay 0.0026% / 1h	53m 52s	$1.8M	$1.0M	20x
Short	Gate XAG_USDT	65.970	0	get 0.0000% / 4h	3h 53m	$149.6M	$162.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$43.68
Price spread: +0.030% → +0.032%: −$0.12
Slippage, 4 orders: −$5.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$74.2
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 5 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 Coinbase International live order book, 5 min ago	0.76 bp	7.2 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.76 bp	8.4 bp −$8	9.6 bp −$96	12.3 bp −$1,229	15.8 bp −$7,885

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	−0.0081%	1h	65.860	−0.136%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.876	−0.113%	$14K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	65.970	+0.030%	$149.6M	$162.9M	100x
SunX XAG-USDT	0.0000%	4h	65.960	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.106%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.960	+0.015%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.908	−0.063%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.948	−0.004%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.900	−0.075%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.682%	$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	65.960	+0.015%	$793K	$3.1M	40x	as long as short
Bybit XAGUSDT	+0.0040%	4h	65.980	+0.045%	$27.3M	$36.3M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.401	+0.684%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.925	−0.038%	$165.9M	$73.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.934	−0.024%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.900	−0.076%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	0.000%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	65.968	+0.027%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.934	−0.024%	$536K	$25.8M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.977	+0.041%	$1.3M	$4.9M	20x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.954	+0.006%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.926	−0.037%	$469K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.940	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.940	−0.015%	$113K	$30K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.980	+0.045%	$393K	$1.5M	25x	as long as short
Lighter XAG	+0.0120%	1h	65.953	+0.004%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	65.975	+0.037%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0146%	4h	65.968	+0.027%	$2.7M	$863K	100x	as long as short
Nado XAG-PERP	+0.0150%	1h	65.938	−0.019%	$1.4M	$6.2M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.963	+0.019%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0203%	4h	65.973	+0.036%	$5.6M	$9.5M	—	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.950	0.000%	$75K	$363K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.981	+0.048%	$44K	$75K	10x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0208%	1h	65.950	long leg	$1.8M	$1.0M	20x
Binance XAGUSDT	+0.0211%	4h	65.960	+0.015%	$191.0M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	65.950	0.000%	$112.9M	$151.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.946	−0.006%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0234%	4h	65.993	+0.065%	$670K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.960	+0.015%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0250%	4h	65.960	+0.015%	$23.9M	$45.6M	100x	as long as short
BloFin XAG-USDT	+0.0259%	4h	65.980	+0.045%	$2.6M	$553K	100x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	65.920	−0.045%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	65.965	+0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.934	−0.024%	$910K	$683K	25x	as long as short