Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.039%

Price spread now: Lighter against Gate−0.041%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.041%, 7d avg −0.052%

Together, before fees+0.132%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$3 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	65.860	0.0034	pay 0.0017% / 4h	2h 34m	$147.9M	$155.4M	100x
Short	Lighter XAG	65.833	0.0136	get 0.0017% / 1h	34m 14s	$5.3M	$10.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.041%Rate

Funding earned: $21.42
Price spread: −0.041% → −0.052%: $1.07
Slippage, 4 orders: −$2.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.7
Costs to cover: 0.178%
Break-even: 5.5 days

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 4 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	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.8 bp −$1,179	16.7 bp −$8,342
Sell Lighter live order book, 4 min ago	0.29 bp	0.4 bp $0	1.1 bp −$11	7.6 bp −$759	21.6 bp −$10.8K

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	−0.0050%	1h	65.720	−0.213%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.751	−0.165%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.840	−0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.880	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.870	+0.015%	$1.5M	$259K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.772	−0.134%	$120K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.826	−0.051%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.826	−0.051%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.774	−0.131%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.820%	$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
Gate XAG_USDTlong	+0.0034%	4h	65.860	long leg	$147.9M	$155.4M	100x
Phoenix SILVER	+0.0036%	1h	65.953	+0.141%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.880	+0.030%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.274	+0.629%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.784	−0.115%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.808	−0.079%	$3.9M	$677K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.775	−0.129%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.820	−0.061%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.804	−0.084%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.805	−0.084%	$166.1M	$73.9M	25x	as long as short
Bybit XAGUSDT	+0.0065%	4h	65.860	0.000%	$27.6M	$36.6M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.842	−0.027%	$578K	$27.0M	8.1x	as long as short
BloFin XAG-USDT	+0.0094%	4h	65.930	+0.106%	$2.6M	$567K	100x	as long as short
Aster XAGUSDT	+0.0096%	4h	65.830	−0.046%	$2.7M	$884K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.774	−0.131%	$469K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.800	−0.091%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	+0.091%	$113K	$30K	50x	as long as short
Variational Omni XAG	+0.0130%	4h	65.905	+0.068%	$5.6M	$9.5M	—	as long as short
Lighter XAGshort	+0.0136%	1h	65.833	−0.041%	$5.3M	$10.8M	25x
Aevo XAG-PERP	+0.0136%	1h	65.836	−0.036%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.840	−0.030%	$117.2M	$152.2M	1000x	as long as short
Binance XAGUSDT	+0.0144%	4h	65.850	−0.016%	$189.9M	$705.2M	100x	as long as short
edgeX XAGUSDC	+0.0154%	4h	65.979	+0.181%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.798	−0.095%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.860	0.000%	$1.8M	$1.1M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	65.990	+0.198%	$388K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	65.938	+0.118%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0206%	1h	65.820	−0.061%	$72K	$360K	20x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.840	−0.030%	$23.8M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.860	0.000%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0219%	1h	65.852	−0.012%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.860	0.000%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	65.845	−0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0468%	1h	65.810	−0.076%	$904K	$701K	25x	as long as short