Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.043%

Price spread now: OKX against Gate−0.015%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.015%, 7d avg −0.021%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$4 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	65.160	0.0030	pay 0.0015% / 4h	20m 31s	$140.6M	$180.8M	100x
Short	OKX XAG-USDT-SWAP	65.150	0.0170	get 0.0170% / 8h	20m 31s	$28.4M	$70.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $29.32
Price spread: −0.015% → −0.021%: $0.53
Slippage, 4 orders: −$3.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.67
Costs to cover: 0.282%
Break-even: 6.6 days

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.77 bp	8.3 bp −$8	9.3 bp −$93	11.6 bp −$1,158	14.0 bp −$6,999
Sell OKX live order book, 3 min ago	0.77 bp	5.8 bp −$6	6.1 bp −$61	11.7 bp −$1,170	53.4 bp −$26.7K

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
Hotstuff SILVER-PERP	−0.0056%	1h	65.059	−0.155%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0032%	1h	65.030	−0.200%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.138%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.160	0.000%	$27.7M	$39.3M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.124	−0.056%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.130	−0.046%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	0.000%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.130	−0.046%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.069	−0.140%	$118K	—	250x	as long as short
Gate XAG_USDTlong	+0.0030%	4h	65.160	long leg	$140.6M	$180.8M	100x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0030%	4h	65.120	−0.061%	$124.9M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0032%	4h	65.142	−0.028%	$191.5M	$757.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.098	−0.095%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.060	−0.154%	$5.0M	$11.7M	10x	as long as short
edgeX XAGUSDC	+0.0033%	4h	65.105	−0.085%	$663K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.903%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.120	−0.061%	$2.7M	$971K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.120	−0.061%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.130	−0.046%	$161K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.546	+0.592%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.114	−0.071%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.087	−0.112%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.055	−0.161%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.123	−0.056%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.087	−0.112%	$172.9M	$84.4M	25x	as long as short
Phoenix SILVER	+0.0061%	1h	65.047	−0.173%	$55K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.084	−0.117%	$476K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.292%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.082	−0.120%	$463K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.123%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.080	−0.123%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.148	−0.019%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0120%	4h	65.140	−0.031%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.067	−0.143%	$386K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.130	−0.046%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.074	−0.132%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAPshort	+0.0170%	8h	65.150	−0.015%	$28.4M	$70.5M	50x
Lighter XAG	+0.0176%	1h	65.099	−0.094%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	65.096	−0.098%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.090	−0.107%	$65K	$394K	20x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.098	−0.095%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.044	−0.178%	$20K	$17K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	−0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.097	−0.097%	$1.0M	$869K	25x	as long as short