Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.010%

Price spread now: Gate against StandX−0.015%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on StandX 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+0.060%+$6 · spread now −0.015%, 7d avg +0.028%

Together, before fees+0.032%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.044% cheaper against StandX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	66.040	0.0040	pay 0.0005% / 1h	11m 13s	$790K	$2.8M	40x
Short	Gate XAG_USDT	66.030	0	get 0.0000% / 4h	2h 11m	$147.5M	$185.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against StandX. 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 StandXbpFee GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: −$8.4
Price spread: −0.015% → +0.028%: −$4.36
Slippage, 4 orders: −$14.61
Fee StandX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.37
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from StandX: 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 StandX live order book, 3 min ago	2.27 bp	9.0 bp −$9	10.6 bp −$106	36.2 bp −$3,625	doesn't fit
Sell Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	10.0 bp −$100	12.1 bp −$1,205	17.2 bp −$8,604

XAG on 42 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	65.992	−0.072%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.040	0.000%	$25.8M	$36.9M	150x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.030	−0.015%	$147.5M	$185.2M	100x
SunX XAG-USDT	0.0000%	4h	66.040	0.000%	$2K	$3.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	0.0000%	1h	66.060	+0.030%	$76K	$367K	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.076%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.045%	$1.5M	$249K	100x	as long as short
Nado XAG-PERP	+0.0003%	1h	66.040	0.000%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0005%	1h	66.061	+0.032%	$44K	$74K	10x	as long as short
Aftermath Perps XAGUSD	+0.0016%	1h	66.009	−0.047%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAG	+0.0032%	1h	66.035	−0.008%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.034	−0.009%	$4.4M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.034	−0.008%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.545%	$11K	$94K	52x	as long as short
StandX XAG-USDlong	+0.0040%	1h	66.040	long leg	$790K	$2.8M	40x
Vest SI-PERP	+0.0046%	1h	66.530	+0.742%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.020	−0.030%	$164.6M	$96.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.012	−0.042%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.016	−0.036%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.980	−0.091%	$5.4M	$9.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.005	−0.053%	$638K	$21.8M	8.1x	as long as short
Aster XAGUSDT	+0.0061%	4h	66.042	+0.003%	$2.8M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.026	−0.021%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.040	0.000%	$143K	$2.8M	20x	as long as short
Bitget XAGUSDT	+0.0082%	4h	66.040	0.000%	$23.7M	$52.6M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.030	−0.015%	$472K	$647K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.010	−0.045%	$24.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.030%	$112K	$85K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.049	+0.014%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0106%	4h	66.050	+0.015%	$190.5M	$802.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0108%	4h	66.046	+0.010%	$390K	$1.6M	25x	as long as short
MEXC SILVER_USDT	+0.0110%	4h	66.060	+0.030%	$123.0M	$192.4M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0110%	8h	66.059	+0.028%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0127%	4h	66.052	+0.018%	$5.3M	$11.7M	—	as long as short
BloFin XAG-USDT	+0.0130%	4h	66.020	−0.030%	$2.6M	$1.2M	100x	as long as short
edgeX XAGUSDC	+0.0142%	4h	66.052	+0.018%	$670K	$316K	30x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	66.016	−0.036%	$35K	$21K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0164%	8h	66.040	0.000%	$27.5M	$70.1M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.000	−0.061%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0390% / S −0.0416%	1h	66.055	+0.023%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.050	+0.015%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	66.006	−0.051%	$775K	$628K	25x	as long as short