Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.054%

Price spread now: Gate against Hibachi+0.047%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.047% dearer against Hibachi than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	65.289	0.0160	pay 0.0020% / 1h	52m 23s	$20K	$17K	10x
Short	Gate XAG_USDT	65.320	0.0028	get 0.0014% / 4h	52m 23s	$141.1M	$176.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hibachi. 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 HibachibpFee GatebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$27.72
Price spread: +0.047% → 0.000%: $4.69
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.03
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 2 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.4 bp −$1,140	14.5 bp −$7,247

Hibachi: 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
Ondo Perps XAG-USD.P	−0.0059%	1h	65.200	−0.137%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	65.281	−0.013%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.003%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.320	+0.047%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.310	+0.032%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.350	+0.093%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.047%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.249	−0.061%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0027%	4h	65.403	+0.174%	$5.5M	$9.1M	—	as long as short
Gate XAG_USDTshort	+0.0028%	4h	65.320	+0.047%	$141.1M	$176.7M	100x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.304	+0.022%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.248	−0.064%	$5.1M	$11.6M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.320	+0.047%	$2.7M	$952K	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.701%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.062%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.300	+0.016%	$152K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0045%	4h	65.310	+0.032%	$191.6M	$761.2M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.723	+0.664%	—	—	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	65.300	+0.016%	$117.1M	$156.0M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.274	−0.024%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.248	−0.063%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.277	−0.018%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	+0.007%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0064%	4h	65.368	+0.121%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.297	+0.012%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.284	−0.008%	$476K	$31.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	65.273	−0.025%	$170.4M	$80.9M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.108%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.257	−0.050%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.014%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.123%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	+0.048%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.409	+0.184%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.322	+0.049%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-Plong	+0.0160%	1h	65.289	long leg	$20K	$17K	10x
Nado XAG-PERP	+0.0163%	1h	65.262	−0.042%	$1.2M	$4.8M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.310	+0.032%	$23.7M	$45.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.300	+0.016%	$28.1M	$70.6M	50x	as long as short
BloFin XAG-USDT	+0.0202%	4h	65.320	+0.047%	$2.7M	$582K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	+0.001%	$65K	$387K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.305	+0.024%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0225%	1h	65.316	+0.041%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.315	+0.039%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.271	−0.028%	$1.0M	$873K	25x	as long as short