Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Aster−0.009%7-day average −0.076% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2812.810% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.009%, 7d avg −0.076%

Together, before fees−0.002%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.067% dearer against Aster than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.076%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 3 days (−0.021% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.456	0.0085	pay 0.0043% / 4h	3h 23m	$2.8M	$1.1M	100x
Short	gTrade (Gains Network) XAG/USD	66.450	L +0.0004% / S −0.0006%	get 0.0001% / 1h	23m 33s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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 AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.009%Rate

Funding earned: −$16.64
Price spread: −0.009% → −0.076%: $6.7
Slippage, 4 orders: −$263.01
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$290.94
Costs to cover: 2.810%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 15 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 Aster live order book, 5 min ago	1.50 bp	5.5 bp −$6	6.6 bp −$66	16.8 bp −$1,678	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 15 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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	66.422	−0.051%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	+0.067%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.037%	$154.8M	$168.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.480	+0.037%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.082%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.510	+0.082%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.450	−0.009%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.432	−0.035%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.398	−0.086%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.084%	$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	66.520	+0.097%	$800K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.696%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	+0.026%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.453	−0.004%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.404	−0.078%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.159%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.460	+0.007%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.479	+0.035%	$165.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.443	−0.019%	$561K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.419	−0.055%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.142%	$2.6M	$706K	100x	as long as short
Aster XAGUSDTlong	+0.0085%	4h	66.456	long leg	$2.8M	$1.1M	100x
Variational Omni XAG	+0.0089%	4h	66.514	+0.088%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.445	−0.015%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.407	−0.073%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.038%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.037%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.475	+0.029%	$192.4M	$722.4M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.490	+0.052%	$108.6M	$160.3M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.469	+0.021%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.080%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.440	−0.023%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.101%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.464	+0.013%	$1.2M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.416	−0.060%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0172%	4h	66.490	+0.052%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.187%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.490	+0.052%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.468	+0.019%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.480	+0.037%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.517	+0.093%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.485	+0.044%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.470	+0.022%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.451	−0.006%	$764K	$565K	25x	as long as short