Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.063%

Price spread now: Bitget against gTrade (Gains Network)+0.033%45s7-day average +0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$2852.850% of the position

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.033%, 7d avg +0.086%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.086%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.068% in total) that is about 2.5 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	66.538	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	33m 39s	$120K	—	250x
Short	Bitget XAGUSDT	66.560	0.0168	get 0.0084% / 4h	3h 33m	$24.5M	$48.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $34.5
Price spread: +0.033% → +0.086%: −$5.3
Slippage, 4 orders: −$262.96
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$255.76
Costs to cover: 2.850%
Break-even: 58.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Bitget: 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell Bitget live order book, 5 min ago	0.75 bp	6.8 bp −$7	9.0 bp −$90	16.6 bp −$1,658	39.5 bp −$19.8K

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	66.490	−0.073%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.570	+0.048%	$26.1M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.033%	$155.3M	$167.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.108%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.630	+0.138%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	+0.138%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	66.538	long leg	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.543	+0.007%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.487	−0.077%	$5.4M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.512	−0.039%	$35K	$21K	20x	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	−0.208%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.590	+0.078%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.040	+0.754%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.568	+0.045%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.521	−0.026%	$165.4M	$85.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.579	+0.061%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.520	−0.027%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.147%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	+0.003%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.554	+0.024%	$567K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0084%	4h	66.550	+0.018%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0086%	4h	66.625	+0.130%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0092%	8h	66.540	+0.003%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.550	+0.018%	$108.2M	$160.1M	1000x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.547	+0.014%	$192.7M	$722.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.492	−0.069%	$475K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.530	−0.012%	$24.6M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	66.606	+0.102%	$394K	$1.5M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.550	+0.018%	$127K	$26K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.536	−0.003%	$5.4M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.594	+0.083%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0117%	4h	66.616	+0.117%	$676K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0128%	4h	66.620	+0.123%	$2.6M	$699K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.555	+0.025%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0163%	1h	66.496	−0.064%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDTshort	+0.0168%	4h	66.560	+0.033%	$24.5M	$48.1M	100x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.063%	$1.9M	$929K	20x	as long as short
Aftermath Perps XAGUSD	+0.0186%	1h	66.578	+0.060%	$80K	$39K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.560	+0.033%	$28.1M	$66.8M	50x	as long as short
Bullet SILVER-USD	+0.0213%	1h	66.609	+0.107%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.580	+0.063%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.605	+0.101%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.580	+0.063%	$50K	$335K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.565	+0.041%	$765K	$567K	25x	as long as short