Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.002%

Price spread now: gTrade (Gains Network) against HTX−0.112%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2932.927% of the position

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.112%, 7d avg −0.143%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.030% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.460	0	get 0.0000% / 4h	1h 50m	$1.1M	$1.1M	75x
Short	gTrade (Gains Network) XAG/USD	65.386	L +0.0004% / S −0.0006%	get 0.0001% / 1h	50m 36s	$118K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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 HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.112%Rate

Funding earned: $1.23
Price spread: −0.112% → −0.143%: $3.05
Slippage, 4 orders: −$270.65
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$288.38
Costs to cover: 2.927%
Break-even: 1653.9 days

Slippage from HTX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 23 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 HTX live order book, 3 min ago	3.81 bp	9.8 bp −$10	9.8 bp −$98	12.8 bp −$1,277	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 23 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.433	−0.042%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0048%	1h	65.300	−0.244%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.082%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.440	−0.031%	$2K	$2.6M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	0.0000%	1h	65.390	−0.107%	$66K	$370K	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.460	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	65.440	−0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	65.386	−0.112%	$118K	—	250x
Gate XAG_USDT	+0.0030%	4h	65.450	−0.015%	$142.1M	$178.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.434	−0.040%	$4.7M	$9.6M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.383	−0.117%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.436%	$11K	$94K	52x	as long as short
Bybit XAGUSDT	+0.0039%	4h	65.440	−0.031%	$28.5M	$39.4M	150x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	0.000%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.500	+0.061%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.877	+0.637%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	−0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.405	−0.084%	$170.6M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.404	−0.086%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.363	−0.148%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.420	−0.061%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.409	−0.078%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.436	−0.037%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.154%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.416	−0.067%	$499K	$29.4M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	65.427	−0.051%	$5.4M	$11.3M	25x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.085%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0092%	4h	65.420	−0.061%	$188.2M	$755.7M	100x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.420	−0.061%	$112.8M	$156.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.114%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.107%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.015%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.400	−0.091%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.073%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	−0.065%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.137%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.500	+0.061%	$394K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0156%	1h	65.438	−0.033%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	65.430	−0.046%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	65.430	−0.046%	$27.8M	$70.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.496	+0.055%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.425	−0.053%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	0.000%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.380	−0.123%	$916K	$740K	25x	as long as short