Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: SoDEX against Gate−0.153%7-day average — · you buy dearer than you sell

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.153% cheaper against Gate than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.180	0	get 0.0000% / 4h	17m 02s	$150.2M	$163.5M	100x
Short	SoDEX SILVER-USD	66.079	0.0050	get 0.0006% / 1h	17m 02s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $10.5
Price spread: −0.153% → 0.000%: −$15.26
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.76
Costs to cover: 0.230%
Break-even: 25.5 days

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: 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	8.3 bp −$8	9.6 bp −$96	13.2 bp −$1,322	17.2 bp −$8,593
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	66.080	−0.151%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.180	long leg	$150.2M	$163.5M	100x
SunX XAG-USDT	0.0000%	4h	66.140	−0.060%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.180	0.000%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	−0.030%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.082	−0.149%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.147	−0.050%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.094	−0.130%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.332%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.106	−0.112%	$35K	$21K	20x	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	66.150	−0.045%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0041%	1h	66.040	−0.212%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.585	+0.612%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.119	−0.092%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.079	−0.153%	$3K	$6K	20x
QFEX SILVER-USD	+0.0054%	1h	66.140	−0.060%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.056%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.114	−0.100%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.098	−0.124%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.106%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.076%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0124%	1h	66.136	−0.066%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.148	−0.048%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.143	−0.056%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.145	−0.052%	$2.7M	$878K	100x	as long as short
Bybit XAGUSDT	+0.0162%	4h	66.190	+0.015%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.139	−0.061%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.143	−0.055%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.015%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.004%	$5.6M	$9.6M	—	as long as short
Nado XAG-PERP	+0.0206%	1h	66.102	−0.118%	$1.4M	$6.5M	10x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.167	−0.019%	$192.6M	$700.6M	100x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.170	−0.015%	$110.2M	$152.8M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.129	−0.078%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0221%	4h	66.189	+0.014%	$672K	$312K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.180	0.000%	$27.8M	$65.2M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.170	−0.015%	$23.9M	$45.3M	100x	as long as short
BloFin XAG-USDT	+0.0256%	4h	66.150	−0.045%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.193	+0.020%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.156	−0.036%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.130	−0.076%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	66.092	−0.133%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.155	−0.038%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.122	−0.088%	$913K	$681K	25x	as long as short