Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.024%

Price spread now: Gate against OKX−0.030%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.030%, 7d avg +0.022%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.052% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.250	0.0168	pay 0.0168% / 8h	1h 20m	$27.3M	$66.3M	50x
Short	Gate XAG_USDT	66.230	0	get 0.0000% / 4h	1h 20m	$146.3M	$173.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: −$35.2
Price spread: −0.030% → +0.022%: −$5.23
Slippage, 4 orders: −$3.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.38
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago	0.75 bp	5.8 bp −$6	6.6 bp −$66	11.8 bp −$1,177	doesn't fit
Sell Gate live order book, 4 min ago	0.75 bp	9.2 bp −$9	10.5 bp −$105	13.1 bp −$1,313	16.6 bp −$8,318

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.203	−0.071%	$766K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	−0.113%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.240	−0.015%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.241	−0.014%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.230	−0.030%	$146.3M	$173.0M	100x
SunX XAG-USDT	0.0000%	4h	66.250	0.000%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	0.000%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.169	−0.122%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.220	−0.045%	$144K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.219	−0.046%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.167	−0.125%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.226%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	−0.106%	$792K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.675	+0.642%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.198	−0.078%	$164.9M	$88.3M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.203	−0.071%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.165	−0.128%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.130	−0.181%	$5.7M	$9.9M	25x	as long as short
Aster XAGUSDT	+0.0051%	4h	66.243	−0.011%	$2.8M	$1.0M	100x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.185	−0.098%	$583K	$21.3M	8.1x	as long as short
Bitget XAGUSDT	+0.0058%	4h	66.240	−0.015%	$23.8M	$47.7M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	−0.020%	$5.5M	$10.5M	—	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.197	−0.080%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.167	−0.125%	$56K	$26K	25x	as long as short
BloFin XAG-USDT	+0.0075%	4h	66.250	0.000%	$2.6M	$847K	100x	as long as short
edgeX XAGUSDC	+0.0077%	4h	66.226	−0.036%	$672K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	66.230	−0.030%	$118.1M	$181.8M	1000x	as long as short
Binance XAGUSDT	+0.0079%	4h	66.231	−0.029%	$189.7M	$727.8M	100x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.229	−0.032%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.179	−0.107%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.060%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.170	−0.121%	$113K	$26K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0102%	4h	66.231	−0.029%	$390K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	−0.091%	$1.9M	$859K	20x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.223	−0.040%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.192	−0.087%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.218	−0.048%	$5.1M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	66.196	−0.082%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0168%	8h	66.250	long leg	$27.3M	$66.3M	50x
Nado XAG-PERP	+0.0220%	1h	66.184	−0.100%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.234	−0.024%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.235	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.045%	$51K	$359K	20x	as long as short