Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.016%

Price spread now: Gate against tradeXYZ+0.070%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days+0.036%+$4 · spread now +0.070%, 7d avg +0.094%

Together, before fees−0.050%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.134	0.0094	pay 0.0012% / 1h	1m 52s	$165.4M	$73.9M	25x
Short	Gate XAG_USDT	66.180	0	get 0.0000% / 4h	1h 01m	$149.9M	$165.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.070%Rate

Funding earned: −$19.74
Price spread: +0.070% → +0.094%: −$2.43
Slippage, 4 orders: −$2.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.48
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 2 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 tradeXYZ live order book, 8 min ago	0.08 bp	9.5 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	13.4 bp −$1,338	17.0 bp −$8,478

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	−0.071%	$15K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.180	+0.070%	$149.9M	$165.5M	100x
SunX XAG-USDT	0.0000%	4h	66.170	+0.054%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	+0.039%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.054%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.078	−0.084%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.144	+0.015%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.097	−0.055%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.402%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	−0.051%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0041%	1h	66.040	−0.142%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.667%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	−0.035%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.078	−0.085%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	+0.009%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.124	−0.015%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.056%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVERlong	+0.0094%	1h	66.134	long leg	$165.4M	$73.9M	25x
Pacifica XAG	+0.0100%	1h	66.090	−0.067%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.036%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.021%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.108	−0.039%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0122%	4h	66.120	−0.021%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.137	+0.005%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.190	+0.085%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.141	+0.011%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	+0.012%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.149	+0.023%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.154	+0.030%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.160	+0.039%	$107.7M	$154.4M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.178	+0.066%	$192.3M	$704.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.070%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.043%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	−0.021%	$63K	$337K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.160	+0.039%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.170	+0.054%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.084	−0.075%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	−0.008%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.170	+0.054%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	+0.009%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.156	+0.033%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	−0.102%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0389%	1h	66.155	+0.032%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.122	−0.019%	$912K	$674K	25x	as long as short