Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.079%

Price spread now: Gate against Deribit+0.031%7-day average +0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.031%, 7d avg +0.011%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.340	0.0209	pay 0.0026% / 1h	38m 51s	$65K	$389K	20x
Short	Gate XAG_USDT	65.360	0.0034	get 0.0017% / 4h	38m 51s	$140.8M	$177.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$36.82
Price spread: +0.031% → +0.011%: $1.93
Slippage, 4 orders: −$9.08
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.97
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Deribit: live order book, 65 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 Deribit live order book, 65 min ago	0.76 bp	8.8 bp −$9	9.2 bp −$92	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.76 bp	8.3 bp −$8	9.5 bp −$95	12.4 bp −$1,244	15.8 bp −$7,917

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	−0.0034%	1h	65.230	−0.168%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.354	+0.021%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.046%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	+0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	−0.065%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0008%	4h	65.432	+0.141%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0024%	4h	65.358	+0.028%	$2.7M	$928K	100x	as long as short
Binance XAGUSDT	+0.0032%	4h	65.347	+0.011%	$191.8M	$756.1M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.347	+0.010%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.298	−0.064%	$5.1M	$11.6M	10x	as long as short
MEXC SILVER_USDT	+0.0032%	4h	65.340	0.000%	$118.7M	$157.3M	1000x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.622%	$11K	$94K	52x	as long as short
Gate XAG_USDTshort	+0.0034%	4h	65.360	+0.031%	$140.8M	$177.8M	100x
StandX XAG-USD	+0.0040%	1h	65.450	+0.168%	$787K	$2.9M	40x	as long as short
edgeX XAGUSDC	+0.0041%	4h	65.413	+0.111%	$666K	$312K	30x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.340	0.000%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.780	+0.673%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.341	+0.001%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.317	−0.035%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.299	−0.063%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.312	−0.043%	$169.8M	$81.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.349	+0.014%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.389	+0.075%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.400	+0.092%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.344	+0.006%	$531K	$31.9M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.370	+0.046%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.310	−0.046%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.320	−0.031%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	+0.077%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.366	+0.040%	$1.2M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0127%	4h	65.360	+0.031%	$2.7M	$575K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.441	+0.154%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.350	+0.015%	$23.2M	$45.0M	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.329	−0.017%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.356	+0.025%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0170%	8h	65.350	+0.015%	$28.1M	$70.3M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.393	+0.082%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.337	−0.005%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0209%	1h	65.340	long leg	$65K	$389K	20x
Bullet SILVER-USD	+0.0227%	1h	65.367	+0.042%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.313	−0.041%	$1.0M	$868K	25x	as long as short