Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%

Price spread now: StandX against Gate+0.075%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.075%, 7d avg −0.028%

Together, before fees−0.091%+ Points / potential airdropStandX: Active · farm board−$9 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 StandX is 0.103% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.540	0	get 0.0000% / 4h	2h 47m	$154.7M	$161.2M	100x
Short	StandX XAG-USD	66.590	0.0040	get 0.0005% / 1h	47m 29s	$801K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $8.4
Price spread: +0.075% → −0.028%: $10.27
Slippage, 4 orders: −$9.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$14.2
Costs to cover: 0.329%
Break-even: 18.8 days

Slippage from Gate: live order book, 1 min ago; StandX: live order book, 1 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	0.75 bp	8.3 bp −$8	9.6 bp −$96	12.1 bp −$1,207	15.1 bp −$7,545
Sell StandX live order book, 1 min ago	3.00 bp	7.0 bp −$7	9.5 bp −$95	31.0 bp −$3,100	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
Hotstuff SILVER-PERP	−0.0032%	1h	66.478	−0.093%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.486	−0.081%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.540	long leg	$154.7M	$161.2M	100x
SunX XAG-USDT	0.0000%	4h	66.560	+0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.570	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	+0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.479	−0.091%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.482	−0.088%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.444	−0.144%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.210%	$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-USDshort	+0.0040%	1h	66.590	+0.075%	$801K	$2.9M	40x
Vest SI-PERP	+0.0046%	1h	66.966	+0.640%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.496	−0.066%	$56K	$26K	25x	as long as short
Bybit XAGUSDT	+0.0050%	4h	66.590	+0.075%	$26.4M	$36.0M	150x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.491	−0.074%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.484	−0.084%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.210%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.520	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.543	+0.005%	$566K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.521	−0.028%	$1.2M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.461	−0.119%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.550	+0.015%	$127K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.504	−0.054%	$166.0M	$79.2M	25x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.045%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0111%	4h	66.526	−0.021%	$2.8M	$1.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	66.510	−0.045%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0120%	4h	66.595	+0.082%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.544	+0.006%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	66.530	−0.015%	$108.4M	$156.6M	1000x	as long as short
edgeX XAGUSDC	+0.0141%	4h	66.584	+0.067%	$676K	$315K	30x	as long as short
Binance XAGUSDT	+0.0141%	4h	66.546	+0.009%	$193.0M	$711.7M	100x	as long as short
Lighter XAG	+0.0168%	1h	66.501	−0.059%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.550	+0.015%	$1.9M	$965K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	+0.030%	$28.1M	$66.3M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	66.530	−0.015%	$24.5M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.515	−0.038%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0220%	1h	66.467	−0.110%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0224%	4h	66.601	+0.092%	$398K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.528	−0.018%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.542	+0.003%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.555	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.015%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.521	−0.028%	$767K	$546K	25x	as long as short