Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Gate against HTX−0.015%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.015%, 7d avg −0.053%

Together, before fees−0.005%−$1 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: Gate is 0.038% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.720	0	get 0.0000% / 4h	3h 58m	$1.1M	$1.1M	75x
Short	Gate XAG_USDT	66.710	0	get 0.0000% / 4h	3h 58m	$155.8M	$163.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.053%: $3.75
Slippage, 4 orders: −$13.41
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.66
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	4.50 bp	11.9 bp −$12	12.0 bp −$120	14.9 bp −$1,488	doesn't fit
Sell Gate live order book, 5 min ago	0.75 bp	9.7 bp −$10	9.7 bp −$97	14.1 bp −$1,412	17.3 bp −$8,649

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	66.669	−0.076%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.740	+0.030%	$26.5M	$34.9M	150x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.710	−0.015%	$155.8M	$163.7M	100x
SunX XAG-USDT	0.0000%	4h	66.720	0.000%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.720	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.700	−0.030%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.651	−0.103%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.700	−0.030%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.643	−0.116%	$5.4M	$13.0M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.676	−0.066%	$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
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.480%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.664	−0.084%	$57K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.680	−0.060%	$798K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.154	+0.650%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.693	−0.040%	$166.2M	$87.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.670	−0.075%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.646	−0.111%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.600	−0.180%	$5.7M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.666	−0.081%	$558K	$21.7M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.680	−0.060%	$115K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0090%	4h	66.706	−0.021%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0095%	8h	66.709	−0.016%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.656	−0.096%	$482K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.660	−0.090%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.680	−0.060%	$127K	$26K	50x	as long as short
Nado XAG-PERP	+0.0101%	1h	66.659	−0.091%	$1.3M	$6.6M	10x	as long as short
Aster XAGUSDT	+0.0103%	4h	66.708	−0.018%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.698	−0.033%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.690	−0.045%	$116.2M	$153.7M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.700	−0.030%	$192.0M	$726.6M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.703	−0.026%	$5.4M	$10.4M	25x	as long as short
edgeX XAGUSDC	+0.0130%	4h	66.696	−0.036%	$677K	$316K	30x	as long as short
BloFin XAG-USDT	+0.0148%	4h	66.690	−0.045%	$2.6M	$668K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.701	−0.029%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0162%	4h	66.730	+0.015%	$24.9M	$48.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0164%	4h	66.732	+0.018%	$401K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0170%	1h	66.720	0.000%	$45K	$76K	10x	as long as short
Aftermath Perps XAGUSD	+0.0173%	1h	66.660	−0.090%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.690	−0.045%	$1.9M	$942K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.730	+0.015%	$28.1M	$67.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.667	−0.080%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.705	−0.022%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.678	−0.063%	$767K	$590K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0500%	1h	66.710	−0.015%	$50K	$351K	20x	as long as short