Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.030%

Price spread now: Gate against Extended+0.078%7-day average +0.087% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.078%, 7d avg +0.087%

Together, before fees−0.058%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.758	0.0032	pay 0.0004% / 1h	56m 39s	$5.4M	$13.1M	10x
Short	Gate XAG_USDT	66.810	0	get 0.0000% / 4h	3h 56m	$155.8M	$164.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.078%Rate

Funding earned: −$6.72
Price spread: +0.078% → +0.087%: −$0.85
Slippage, 4 orders: −$4.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.27
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.90 bp	3.4 bp −$3	5.0 bp −$50	11.7 bp −$1,170	doesn't fit
Sell Gate live order book, 2 min ago	0.75 bp	8.2 bp −$8	8.9 bp −$89	13.0 bp −$1,302	15.9 bp −$7,953

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	66.742	−0.023%	$15K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.810	+0.078%	$155.8M	$164.1M	100x
SunX XAG-USDT	0.0000%	4h	66.800	+0.063%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.800	+0.063%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.780	+0.034%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.737	−0.031%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.805	+0.071%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.758	long leg	$5.4M	$13.1M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.536%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0034%	1h	66.730	−0.041%	$5.7M	$9.8M	25x	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	66.670	−0.131%	$57K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.720	−0.056%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.194	+0.654%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.787	+0.044%	$166.4M	$87.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.717	−0.061%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.713	−0.067%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.800	+0.063%	$115K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0054%	4h	66.810	+0.078%	$2.6M	$670K	100x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.727	−0.046%	$558K	$21.7M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.808	+0.076%	$5.4M	$10.4M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.789	+0.047%	$36K	$21K	20x	as long as short
Variational Omni XAG	+0.0090%	4h	66.706	−0.077%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0093%	8h	66.799	+0.063%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.766	+0.012%	$482K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.780	+0.034%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.680	−0.116%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0100%	4h	66.804	+0.070%	$2.8M	$1.1M	100x	as long as short
Bybit XAGUSDT	+0.0100%	4h	66.840	+0.123%	$26.6M	$34.9M	150x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	66.820	+0.093%	$116.3M	$153.8M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.716	−0.062%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0105%	4h	66.820	+0.093%	$192.6M	$725.8M	100x	as long as short
edgeX XAGUSDC	+0.0122%	4h	66.702	−0.084%	$677K	$313K	30x	as long as short
Nado XAG-PERP	+0.0143%	1h	66.705	−0.079%	$1.3M	$6.6M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.820	+0.093%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0164%	4h	66.732	−0.038%	$401K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.820	+0.093%	$24.9M	$48.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.657	−0.150%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.760	+0.004%	$1.9M	$956K	20x	as long as short
Bullet SILVER-USD	+0.0185%	1h	66.803	+0.068%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0192%	8h	66.810	+0.078%	$28.2M	$67.8M	50x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.672	−0.129%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.805	+0.071%	$104K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0349%	1h	66.780	+0.034%	$51K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.751	−0.011%	$766K	$592K	25x	as long as short