Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.079%

Price spread now: Deribit against Gate−0.030%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.030%, 7d avg −0.012%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.630	0	get 0.0000% / 4h	3h 03m	$138.0M	$194.4M	100x
Short	Deribit SILVER_USDC-PERPETUAL	65.610	0.0207	get 0.0026% / 1h	3m 01s	$77K	$440K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $43.57
Price spread: −0.030% → −0.012%: −$1.84
Slippage, 4 orders: −$9.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $10.33
Costs to cover: 0.314%
Break-even: 5.3 days

Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 31 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 Gate live order book, 1 min ago	0.76 bp	8.4 bp −$8	9.7 bp −$97	12.7 bp −$1,274	15.3 bp −$7,656
Sell Deribit live order book, 31 min ago	3.86 bp	7.4 bp −$7	7.4 bp −$74	doesn't fit	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	65.519	−0.170%	$12K	$6K	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.630	long leg	$138.0M	$194.4M	100x
SunX XAG-USDT	0.0000%	4h	65.600	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.610	−0.030%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.620	−0.015%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.553	−0.117%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.600	−0.046%	$4.5M	$10.1M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.574	−0.085%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.566%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.540	−0.137%	$788K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.018	+0.591%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.580	−0.076%	$435K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.556	−0.113%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.557	−0.111%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.490	−0.213%	$5.7M	$10.2M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.530	−0.152%	$1.6M	$1.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0081%	8h	65.584	−0.070%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0081%	4h	65.604	−0.039%	$5.4M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0089%	24h	65.606	−0.037%	$661K	$36.1M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.545	−0.130%	$467K	$590K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.590	−0.061%	$25.4M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	−0.061%	$112K	$19K	50x	as long as short
Hotstuff SILVER-PERP	+0.0104%	1h	65.570	−0.091%	$35K	$22K	20x	as long as short
Phoenix SILVER	+0.0111%	1h	65.561	−0.105%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.670	+0.061%	$114.9M	$164.2M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	65.670	+0.061%	$195.5M	$820.4M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	65.576	−0.082%	$174.3M	$91.9M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.601	−0.044%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.680	+0.076%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0143%	4h	65.604	−0.039%	$668K	$314K	30x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.536	−0.143%	$1.2M	$4.1M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.601	−0.044%	$1.2M	$4.9M	20x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	65.465	−0.251%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0207%	1h	65.610	−0.030%	$77K	$440K	20x
OKX XAG-USDT-SWAP	+0.0214%	8h	65.640	+0.015%	$28.4M	$80.7M	50x	as long as short
Lighter XAG	+0.0224%	1h	65.623	−0.011%	$5.1M	$12.0M	25x	as long as short
Bitget XAGUSDT	+0.0236%	4h	65.650	+0.030%	$23.0M	$49.2M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.625	−0.008%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.615	−0.022%	$45K	$75K	10x	as long as short
Bybit XAGUSDT	+0.0338%	4h	65.690	+0.091%	$30.7M	$45.0M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0350%	4h	65.590	−0.061%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.640	+0.015%	$2.7M	$710K	100x	as long as short
Hibachi XAG/USDT-P	+0.0400%	1h	65.506	−0.189%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0415%	1h	65.582	−0.073%	$1.0M	$893K	25x	as long as short