Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0181%/8h= −19.9% APRpaid last 24h −0.028%

Price spread now: Gate against RISEx+0.002%7-day average +0.029% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.002%, 7d avg +0.029%

Together, before fees−0.002%$0 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 0.027% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.179	0.0181	pay 0.0023% / 1h	5m 40s	$1.3M	$4.4M	20x
Short	Gate XAG_USDT	66.180	0	get 0.0000% / 4h	1h 05m	$149.8M	$165.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: −$38.11
Price spread: +0.002% → +0.029%: −$2.71
Slippage, 4 orders: −$2.51
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.32
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Gate: live order book, 3 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 RISEx live order book, 3 min ago	0.43 bp	3.4 bp −$3	4.7 bp −$47	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.75 bp	8.4 bp −$8	9.6 bp −$96	12.5 bp −$1,249	15.3 bp −$7,655

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	66.087	−0.139%	$15K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.180	+0.002%	$149.8M	$165.1M	100x
SunX XAG-USDT	0.0000%	4h	66.160	−0.029%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.032%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	+0.017%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.086	−0.141%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.143	−0.054%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.159	−0.030%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.099	−0.120%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.334%	$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
StandX XAG-USD	+0.0040%	1h	66.160	−0.029%	$796K	$3.0M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	66.030	−0.225%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.605	+0.644%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	−0.063%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.088	−0.138%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.180	+0.002%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.133	−0.070%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.141	−0.057%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.136	−0.065%	$165.4M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.113	−0.100%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.130	−0.074%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.044%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.170	−0.014%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0127%	8h	66.167	−0.019%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0130%	4h	66.190	+0.017%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.190	+0.017%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.152	−0.041%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	−0.056%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDClong	+0.0181%	1h	66.179	long leg	$1.3M	$4.4M	20x
Lighter XAG	+0.0184%	1h	66.165	−0.022%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.170	−0.014%	$106.7M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.170	−0.014%	$191.8M	$705.5M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.002%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.201	+0.033%	$672K	$314K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.074%	$63K	$336K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.180	+0.002%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.130	−0.074%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.152	−0.040%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.180	+0.002%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.200	+0.032%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.170	−0.014%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.120	−0.089%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0386%	1h	66.155	−0.036%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.133	−0.070%	$912K	$674K	25x	as long as short