Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.002%

Price spread now: gTrade (Gains Network) against Gate−0.253%119s7-day average −0.118% · 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—prices read too far apart to compare

costs, in and out, $10k−$2872.867% of the position

Long on Gate Short on gTrade (Gains Network)

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)+0.248%+$25 · spread now −0.253%, 7d avg −0.118%

Together, before fees+0.247%+$25 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: gTrade (Gains Network) is 0.135% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.118%. The two prices were read 119 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	Gate XAG_USDT	65.760	0	get 0.0000% / 4h	1h 55m	$138.8M	$203.4M	100x
Short	gTrade (Gains Network) XAG/USD	65.594	L +0.0004% / S −0.0006%	get 0.0001% / 1h	55m 23s	$119K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.253%Rate

Funding earned: $1.23
Price spread: −0.253% → −0.118%: −$13.52
Slippage, 4 orders: −$261.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$298.98
Costs to cover: 2.867%
Break-even: 1714.4 days

Slippage from Gate: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle exchange), 56 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, 2 min ago	0.76 bp	8.4 bp −$8	9.6 bp −$96	11.3 bp −$1,130	14.5 bp −$7,266
Sell gTrade (Gains Network) virtual book (oracle exchange), 56 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.347%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0010%	1h	65.620	−0.213%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	−0.166%	$13K	$8K	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.760	long leg	$138.8M	$203.4M	100x
SunX XAG-USDT	0.0000%	4h	65.700	−0.091%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.730	−0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.700	−0.091%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	65.594	−0.253%	$119K	—	250x
Lighter RH XAG	+0.0032%	1h	65.723	−0.057%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.672	−0.134%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.761%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	−0.122%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.152	+0.596%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.702	−0.088%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.656	−0.158%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.700	−0.091%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0055%	1h	65.705	−0.084%	$174.8M	$94.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.715	−0.068%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	−0.124%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.683	−0.117%	$702K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.682	−0.118%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.700	−0.091%	$25.5M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.700	−0.091%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	−0.106%	$1.6M	$1.9M	20x	as long as short
Phoenix SILVER	+0.0110%	1h	65.621	−0.211%	$55K	$14K	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.700	−0.091%	$1.2M	$4.9M	20x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.730	−0.046%	$122.0M	$162.7M	1000x	as long as short
Binance XAGUSDT	+0.0119%	4h	65.736	−0.036%	$191.9M	$863.1M	100x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.692	−0.103%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0120%	4h	65.720	−0.061%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.652	−0.164%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0147%	1h	65.702	−0.089%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0150%	4h	65.689	−0.109%	$396K	$1.5M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.740	−0.031%	$5.2M	$11.6M	25x	as long as short
Bybit XAGUSDT	+0.0156%	4h	65.750	−0.015%	$30.5M	$48.0M	150x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	−0.106%	$77K	$411K	20x	as long as short
Bullet SILVER-USD	+0.0212%	1h	65.744	−0.024%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.740	−0.030%	$28.0M	$85.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.631	−0.196%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.740	−0.030%	$23.2M	$52.7M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0268% / S −0.0235%	1h	65.715	−0.068%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	65.661	−0.151%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0363%	4h	65.650	−0.167%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.671	−0.135%	$1.0M	$943K	25x	as long as short