Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: HTX against Gate0.000%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now 0.000%, 7d avg +0.053%

Together, before fees+0.020%+$2 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: HTX is 0.053% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.640	0	get 0.0000% / 4h	18m 43s	$154.6M	$173.8M	100x
Short	HTX XAG-USDT	66.640	0	get 0.0000% / 4h	18m 43s	$1.0M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.053%: −$5.25
Slippage, 4 orders: −$11.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$43.42
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago	0.75 bp	8.3 bp −$8	9.5 bp −$95	13.2 bp −$1,319	16.9 bp −$8,447
Sell HTX live order book, 5 min ago	3.76 bp	11.8 bp −$12	12.7 bp −$127	15.0 bp −$1,502	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	66.484	−0.235%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.015%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.640	long leg	$154.6M	$173.8M	100x
SunX XAG-USDT	0.0000%	4h	66.590	−0.075%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.640	0.000%	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.600	−0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.520	−0.180%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.512	−0.192%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.625	−0.023%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.564	−0.114%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.360%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.485	−0.233%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.240%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.014	+0.561%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.553	−0.131%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.520	−0.180%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.255%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.541	−0.149%	$582K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.550	−0.135%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.550	−0.135%	$2.6M	$651K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.604	−0.054%	$166.0M	$86.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.494	−0.219%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.285%	$126K	$26K	50x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.171%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0108%	8h	66.538	−0.154%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.630	−0.015%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.629	−0.016%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.580	−0.090%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0122%	4h	66.478	−0.244%	$674K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.630	−0.015%	$115.1M	$153.3M	1000x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.640	0.000%	$192.8M	$723.6M	100x	as long as short
Bitget XAGUSDT	+0.0150%	4h	66.650	+0.015%	$24.5M	$48.3M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.345%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0168%	1h	66.463	−0.265%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	−0.225%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.630	−0.015%	$27.9M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.557	−0.125%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0254%	1h	66.584	−0.084%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0257%	1h	66.500	−0.210%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.585	−0.083%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.487	−0.229%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.570	−0.105%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.543	−0.146%	$763K	$586K	25x	as long as short