Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: Ondo Perps against Gate−0.227%7-day average −0.186% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.067%−$7 · spread now −0.227%, 7d avg −0.186%

Together, before fees−0.132%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.186%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.200	0	get 0.0000% / 4h	1h 11m	$149.7M	$165.0M	100x
Short	Ondo Perps XAG-USD.P	66.050	0.0050	get 0.0006% / 1h	11m 30s	$5.7M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.227%Rate

Funding earned: $10.58
Price spread: −0.227% → −0.186%: −$4.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.44
Costs to cover: 0.200%
Break-even: 15.9 days

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	0.75 bp	8.6 bp −$9	9.7 bp −$97	12.7 bp −$1,273	16.6 bp −$8,314
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.087	−0.170%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.134	−0.100%	$35K	$21K	20x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.200	long leg	$149.7M	$165.0M	100x
SunX XAG-USDT	0.0000%	4h	66.220	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.220	+0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	−0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.117	−0.125%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.156	−0.066%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.107	−0.141%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.302%	$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	66.180	−0.030%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.618	+0.631%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.148	−0.079%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.106	−0.142%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	66.050	−0.227%	$5.7M	$9.7M	25x
QFEX SILVER-USD	+0.0062%	1h	66.170	−0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.206	+0.009%	$560K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.217	+0.026%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.145	−0.083%	$165.8M	$73.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.123	−0.116%	$471K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.220	+0.030%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.210	+0.015%	$26.9M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0125%	8h	66.167	−0.051%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0125%	4h	66.176	−0.037%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.280	+0.121%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.202	+0.002%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0180%	4h	66.272	+0.109%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.177	−0.035%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.171	−0.044%	$5.2M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.180	−0.030%	$106.3M	$153.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.188	−0.019%	$191.8M	$706.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.170	−0.045%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0210%	4h	66.256	+0.084%	$672K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.200	0.000%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.124	−0.115%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0227%	1h	66.204	+0.007%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.190	−0.015%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.264	+0.097%	$390K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0270%	1h	66.192	−0.012%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.198	−0.003%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.190	−0.015%	$50K	$322K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0357% / S −0.0383%	1h	66.195	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.172	−0.042%	$913K	$671K	25x	as long as short