Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: Gate against Lighter RH+0.022%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.060%+$6 · spread now +0.022%, 7d avg +0.069%

Together, before fees+0.037%+ Points / potential airdropLighter RH: Points live · farm board+$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: Gate is 0.047% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.396	0.0032	pay 0.0004% / 1h	27m 52s	$4.7M	$9.4M	25x
Short	Gate XAG_USDT	65.410	0.0036	get 0.0018% / 4h	2h 27m	$143.4M	$169.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0.84
Price spread: +0.022% → +0.069%: −$4.73
Slippage, 4 orders: −$4.88
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.76
Costs to cover: 0.199%
Break-even: 205.0 days

Slippage from Lighter RH: live order book, 6 min ago; Gate: 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 Lighter RH live order book, 6 min ago	0.56 bp	2.8 bp −$3	5.8 bp −$58	22.7 bp −$2,274	doesn't fit
Sell Gate live order book, 1 min ago	0.76 bp	8.3 bp −$8	10.1 bp −$101	12.0 bp −$1,201	16.9 bp −$8,438

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	−0.0034%	1h	65.250	−0.223%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.094%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.070%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.500	+0.160%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	+0.007%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.161%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.368	−0.042%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.396	long leg	$4.7M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	65.312	−0.128%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.536%	$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
Gate XAG_USDTshort	+0.0036%	4h	65.410	+0.022%	$143.4M	$169.4M	100x
Phoenix SILVER	+0.0036%	1h	65.675	+0.427%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.710	+0.481%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.836	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.334	−0.094%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.169%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.390	−0.009%	$155K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.342	−0.082%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	65.347	−0.074%	$166.0M	$78.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.359	−0.056%	$530K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.380	−0.024%	$28.2M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0095%	4h	65.366	−0.045%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.107%	$465K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.340	−0.085%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	+0.313%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.399	+0.005%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.345	−0.078%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.412%	$5.6M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0143%	4h	65.382	−0.021%	$190.0M	$727.6M	100x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	65.380	−0.024%	$112.1M	$157.4M	1000x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.331	−0.099%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0157%	4h	65.780	+0.588%	$669K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.430	+0.053%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0202%	4h	65.740	+0.526%	$388K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.380	−0.024%	$23.4M	$47.8M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.100%	$66K	$373K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.370	−0.039%	$27.4M	$69.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.675	+0.427%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	65.359	−0.056%	$43K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0292%	4h	65.480	+0.129%	$2.6M	$611K	100x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.497	+0.155%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.534	+0.211%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.355	−0.062%	$86K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0472%	1h	65.310	−0.131%	$913K	$750K	25x	as long as short