Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Gate against dYdX+0.163%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.163% dearer against dYdX than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	65.533	0	get 0.0000% / 1h	0m 39s	$12K	$6K	5x
Short	Gate XAG_USDT	65.640	0	get 0.0000% / 4h	3h 00m	$138.2M	$195.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → 0.000%: $16.32
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.68
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	10.7 bp −$1,071	13.3 bp −$6,635

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDlong	0.0000%	1h	65.533	long leg	$12K	$6K	5x
Gate XAG_USDTshort	0.0000%	4h	65.640	+0.163%	$138.2M	$195.2M	100x
SunX XAG-USDT	0.0000%	4h	65.580	+0.072%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.610	+0.117%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.580	+0.072%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.623	+0.137%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.614	+0.123%	$4.5M	$10.1M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.557	+0.036%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.421%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.630	+0.148%	$789K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.042	+0.777%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.620	+0.133%	$436K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.557	+0.037%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.521	−0.018%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.500	−0.050%	$5.7M	$10.2M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.550	+0.026%	$77K	$434K	20x	as long as short
Variational Omni XAG	+0.0076%	4h	65.573	+0.061%	$5.4M	$9.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0079%	8h	65.593	+0.092%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.600	+0.102%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.629	+0.146%	$660K	$36.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.554	+0.032%	$467K	$590K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.540	+0.011%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	+0.087%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.549	+0.024%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.592	+0.090%	$35K	$22K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0121%	1h	65.560	+0.041%	$174.3M	$92.3M	25x	as long as short
Binance XAGUSDT	+0.0122%	4h	65.641	+0.165%	$195.4M	$822.0M	100x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.610	+0.117%	$114.8M	$164.3M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.580	+0.071%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0135%	4h	65.640	+0.163%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0143%	4h	65.604	+0.109%	$668K	$314K	30x	as long as short
Nado XAG-PERP	+0.0150%	1h	65.553	+0.031%	$1.3M	$4.1M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.645	+0.170%	$1.2M	$4.9M	20x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.512	−0.032%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.610	+0.117%	$28.3M	$81.0M	50x	as long as short
Lighter XAG	+0.0216%	1h	65.624	+0.138%	$5.1M	$12.2M	25x	as long as short
Bitget XAGUSDT	+0.0232%	4h	65.630	+0.148%	$23.1M	$49.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.585	+0.079%	$93K	—	111x	as long as short
Bybit XAGUSDT	+0.0287%	4h	65.650	+0.178%	$30.7M	$45.0M	150x	as long as short
Bullet SILVER-USD	+0.0305%	1h	65.598	+0.099%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0350%	4h	65.590	+0.087%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0364%	4h	65.580	+0.072%	$2.7M	$710K	100x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.618	+0.130%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0415%	1h	65.557	+0.036%	$1.0M	$893K	25x	as long as short