Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: Gate against gTrade (Gains Network)+0.196%74s7-day average +0.102% · 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−$2882.880% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.196%, 7d avg +0.102%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.094% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.102%. The two prices were read 74 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	64.663	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	27m 14s	$117K	—	250x
Short	Gate XAG_USDT	64.790	0	get 0.0000% / 4h	3h 27m	$139.1M	$185.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.196%Rate

Funding earned: −$0.78
Price spread: +0.196% → +0.102%: $9.38
Slippage, 4 orders: −$262.98
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$279.38
Costs to cover: 2.880%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 37 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 gTrade (Gains Network) virtual book (oracle venue), 37 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 Gate live order book, 2 min ago	0.77 bp	9.7 bp −$10	9.8 bp −$98	11.0 bp −$1,102	12.8 bp −$6,412

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	64.673	+0.015%	$12K	$6K	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	64.790	+0.196%	$139.1M	$185.7M	100x
SunX XAG-USDT	0.0000%	4h	64.800	+0.212%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.800	+0.212%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.790	+0.196%	$1.5M	$337K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	64.663	long leg	$117K	—	250x
Variational Omni XAG	+0.0017%	4h	64.834	+0.265%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.781	+0.182%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.695	+0.050%	$5.0M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.686%	$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	64.720	+0.088%	$778K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.150	+0.753%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.740	+0.119%	$447K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.665	+0.003%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.703	+0.062%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.670	+0.011%	$5.6M	$9.9M	25x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	64.770	+0.165%	$121.1M	$159.0M	1000x	as long as short
edgeX XAGUSDC	+0.0058%	4h	64.839	+0.272%	$660K	$315K	30x	as long as short
Binance XAGUSDT	+0.0058%	4h	64.778	+0.177%	$196.4M	$782.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	64.749	+0.133%	$29K	$166	5x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.749	+0.133%	$46K	—	10x	as long as short
Aster XAGUSDT	+0.0078%	4h	64.777	+0.177%	$2.6M	$1.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.740	+0.119%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0086%	24h	64.761	+0.151%	$490K	$35.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.736	+0.113%	$34K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.712	+0.076%	$462K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.730	+0.103%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.810	+0.227%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.767	+0.161%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0128%	1h	64.751	+0.136%	$172.7M	$88.8M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.730	+0.103%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0160%	4h	64.830	+0.258%	$386K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	64.719	+0.086%	$1.2M	$4.2M	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	64.790	+0.196%	$23.5M	$47.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	64.780	+0.181%	$28.7M	$74.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.769	+0.164%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.776	+0.174%	$5.2M	$11.1M	25x	as long as short
Bybit XAGUSDT	+0.0224%	4h	64.800	+0.212%	$29.9M	$43.4M	150x	as long as short
BloFin XAG-USDT	+0.0232%	4h	64.770	+0.165%	$2.7M	$668K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.775	+0.173%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0296%	1h	64.781	+0.182%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.664	+0.001%	$19K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0368%	1h	64.760	+0.150%	$76K	$432K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	64.745	+0.127%	$1.0M	$894K	25x	as long as short