Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.007%

Price spread now: Lighter RH against Gate−0.047%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.047%, 7d avg −0.070%

Together, before fees−0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.090	0.0002	pay 0.0001% / 4h	3h 22m	$150.0M	$163.8M	100x
Short	Lighter RH XAG	66.059	0.0032	get 0.0004% / 1h	22m 44s	$4.8M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.047%Rate

Funding earned: $6.3
Price spread: −0.047% → −0.070%: $2.27
Slippage, 4 orders: −$5.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.1
Costs to cover: 0.207%
Break-even: 20.4 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 6 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	8.6 bp −$9	9.6 bp −$96	11.5 bp −$1,148	13.4 bp −$6,715
Sell Lighter RH live order book, 6 min ago	1.84 bp	2.0 bp −$2	2.3 bp −$23	17.6 bp −$1,758	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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.920	−0.257%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.154%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.045%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	−0.045%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	−0.030%	$1.5M	$320K	100x	as long as short
Gate XAG_USDTlong	+0.0002%	4h	66.090	long leg	$150.0M	$163.8M	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.002	−0.133%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.059	−0.047%	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.011	−0.120%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.469%	$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
StandX XAG-USD	+0.0040%	1h	66.020	−0.106%	$794K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.471	+0.576%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.109%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	−0.133%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.033	−0.086%	$166.5M	$73.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.052	−0.058%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.091%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.192%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	−0.127%	$517K	$26.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.992	−0.148%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.054	−0.055%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.061	−0.045%	$5.2M	$10.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.016	−0.112%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.076%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.166%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.090	0.000%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0129%	4h	66.070	−0.030%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	−0.076%	$2.6M	$563K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	66.011	−0.119%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.040	−0.076%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.117%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0184%	4h	66.070	−0.030%	$191.2M	$701.6M	100x	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.060	−0.045%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.982	−0.163%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.114%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	−0.061%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.097%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.212%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.080	−0.015%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.059	−0.048%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.070	−0.030%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.182%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.038%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	−0.101%	$911K	$683K	25x	as long as short