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 −0.001%

Price spread now: HTX against gTrade (Gains Network)+0.161%7-day average +0.147% · 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−$291as in the Price arb table

costs, in and out, $10k−$2922.921% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.161%, 7d avg +0.147%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	64.825	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	36m 13s	$117K	—	250x
Short	HTX XAG-USDT	64.930	0	get 0.0000% / 4h	3h 36m	$1.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$0.78
Price spread: +0.161% → +0.147%: $1.48
Slippage, 4 orders: −$270.13
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$291.43
Costs to cover: 2.921%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 28 min ago; HTX: live order book, 3 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), 28 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 HTX live order book, 3 min ago	4.62 bp	11.5 bp −$12	12.1 bp −$121	14.0 bp −$1,403	doesn't fit

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	64.862	+0.057%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.890	+0.100%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	64.930	+0.161%	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	64.940	+0.177%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	64.825	long leg	$117K	—	250x
Variational Omni XAG	+0.0012%	4h	64.904	+0.122%	$5.3M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0016%	4h	64.920	+0.146%	$138.7M	$181.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.901	+0.117%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.827	+0.003%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.429%	$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	64.940	+0.177%	$781K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.304	+0.738%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.890	+0.100%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0048%	4h	64.890	+0.100%	$121.0M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0050%	4h	64.894	+0.106%	$195.8M	$769.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.827	+0.002%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.822	−0.005%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.780	−0.070%	$5.6M	$9.9M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	64.889	+0.098%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.173%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.870	+0.069%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0065%	4h	64.890	+0.100%	$2.6M	$997K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.850	+0.038%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.860	+0.053%	$484K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.154%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.860	+0.053%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.850	+0.038%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	+0.126%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.880	+0.084%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.865	+0.061%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0137%	1h	64.869	+0.067%	$173.8M	$86.8M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.818	−0.011%	$1.2M	$4.3M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.879	+0.083%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0170%	4h	64.920	+0.146%	$29.3M	$41.9M	150x	as long as short
Bitget XAGUSDT	+0.0186%	4h	64.910	+0.131%	$23.1M	$45.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0192%	8h	64.920	+0.146%	$28.6M	$72.6M	50x	as long as short
BloFin XAG-USDT	+0.0199%	4h	64.920	+0.146%	$2.7M	$646K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0213%	1h	64.880	+0.084%	$76K	$426K	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	64.899	+0.113%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.900	+0.115%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.895	+0.107%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0299%	1h	64.882	+0.088%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.882	+0.087%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.875	+0.077%	$1.0M	$868K	25x	as long as short