Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%

Price spread now: Gate against SoDEX+0.120%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.120% dearer against SoDEX than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	66.450	0.0050	pay 0.0006% / 1h	41m 07s	$3K	$5K	20x
Short	Gate XAG_USDT	66.530	0	get 0.0000% / 4h	2h 41m	$154.6M	$161.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now +0.120%Rate

Funding earned: −$10.5
Price spread: +0.120% → 0.000%: $12.04
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.46
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.75 bp	9.2 bp −$9	9.7 bp −$97	13.1 bp −$1,315	15.8 bp −$7,906

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SILVER-PERP	−0.0032%	1h	66.441	−0.014%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.041%	$15K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.530	+0.120%	$154.6M	$161.9M	100x
SunX XAG-USDT	0.0000%	4h	66.500	+0.075%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.120%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.016%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.501	+0.076%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.434	−0.024%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.075%	$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	66.560	+0.166%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.713%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.056%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.370	−0.120%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.456	+0.009%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.450	long leg	$3K	$5K	20x
QFEX SILVER-USD	+0.0054%	1h	66.490	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.438	−0.018%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0065%	4h	66.540	+0.135%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.485	+0.053%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.490	+0.060%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.418	−0.048%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	+0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.060%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.181%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.490	+0.060%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.463	+0.020%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.082%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	+0.086%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.520	+0.105%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	66.525	+0.113%	$193.1M	$707.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.179%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.517	+0.101%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.105%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.520	+0.105%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.540	+0.135%	$24.4M	$45.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	+0.030%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.432	−0.027%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.211%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.031%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	+0.075%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	+0.053%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	+0.025%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.520	+0.105%	$50K	$325K	20x	as long as short