Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.035%

Price spread now: MEXC against gTrade (Gains Network)+0.091%7-day average +0.078% · 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−$270as in the Price arb table

costs, in and out, $10k−$2722.715% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.091%, 7d avg +0.078%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, 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	gTrade (Gains Network) XAG/USD	65.031	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	3m 02s	$118K	—	250x
Short	MEXC SILVER_USDT	65.090	0.0036	get 0.0018% / 4h	3m 02s	$126.3M	$162.9M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.091%Rate

Funding earned: $6.78
Price spread: +0.091% → +0.078%: $1.34
Slippage, 4 orders: −$261.54
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$263.42
Costs to cover: 2.715%
Break-even: 278.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; MEXC: live order book, 1 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), 1 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 MEXC live order book, 1 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$77	2.9 bp −$1,457

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
Ondo Perps XAG-USD.P	−0.0021%	1h	64.970	−0.094%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.059	+0.043%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.052%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.110	+0.122%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.110	+0.122%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.130	+0.152%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.110	+0.122%	$1.5M	$282K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	+0.039%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	65.031	long leg	$118K	—	250x
Gate XAG_USDT	+0.0030%	4h	65.110	+0.122%	$140.3M	$182.1M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.088	+0.088%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.032	+0.002%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.105%	$11K	$94K	52x	as long as short
MEXC SILVER_USDTshort	+0.0036%	4h	65.090	+0.091%	$126.3M	$162.9M	1000x
edgeX XAGUSDC	+0.0036%	4h	65.076	+0.069%	$662K	$313K	30x	as long as short
Binance XAGUSDT	+0.0039%	4h	65.080	+0.076%	$191.5M	$756.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	+0.076%	$783K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	+0.091%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.496	+0.715%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.070	+0.060%	$2.6M	$982K	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.069	+0.059%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.028	−0.004%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.062	+0.048%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.088	+0.088%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	+0.036%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.055	+0.037%	$173.0M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.049	+0.028%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.001%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.020	−0.017%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.040	+0.014%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	+0.060%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.104	+0.113%	$1.3M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.104%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.050	+0.030%	$1.2M	$4.7M	10x	as long as short
BloFin XAG-USDT	+0.0157%	4h	65.120	+0.137%	$2.7M	$626K	100x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.100	+0.106%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.110	+0.122%	$28.2M	$70.8M	50x	as long as short
Lighter XAG	+0.0192%	1h	65.091	+0.092%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.079	+0.074%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.020	−0.017%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0238%	1h	65.109	+0.120%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	+0.114%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.080	+0.075%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	+0.076%	$66K	$399K	20x	as long as short