Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.034%

Price spread now: gTrade (Gains Network) against Binance−0.105%7-day average −0.089% · 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−$283as in the Price arb table

costs, in and out, $10k−$2822.815% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.105%, 7d avg −0.089%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.068	0.0175	pay 0.0087% / 4h	3h 05m	$191.0M	$703.1M	100x
Short	gTrade (Gains Network) XAG/USD	65.999	L +0.0004% / S −0.0006%	get 0.0001% / 1h	5m 07s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.105%Rate

Funding earned: −$35.42
Price spread: −0.105% → −0.089%: −$1.57
Slippage, 4 orders: −$261.53
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$318.52
Costs to cover: 2.815%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 14 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 Binance live order book, 9 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.1 bp −$806	19.4 bp −$9,725
Sell gTrade (Gains Network) virtual book (oracle venue), 14 min ago	130.01 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
Ondo Perps XAG-USD.P	−0.0051%	1h	65.950	−0.179%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.121%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.017%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.017%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.002%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	65.999	−0.105%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.054	−0.022%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.998	−0.107%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.063%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.502%	$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	66.060	−0.013%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.477	+0.618%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.080	+0.017%	$149.9M	$164.4M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.027	−0.063%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.997	−0.108%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.044	−0.036%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.028%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.024	−0.067%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.111%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.028	−0.061%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.062	−0.010%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.997	−0.108%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.058%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.119%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0108%	4h	66.080	+0.017%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.054	−0.022%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.050	−0.028%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.023%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	−0.023%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.060	−0.013%	$115.0M	$152.9M	1000x	as long as short
Binance XAGUSDTlong	+0.0175%	4h	66.068	long leg	$191.0M	$703.1M	100x
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.084%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.012	−0.085%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.060	−0.013%	$2.6M	$570K	100x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.070%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	−0.043%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	−0.024%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.134%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	+0.002%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.060	−0.013%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.064	−0.006%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.010	−0.089%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.005%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.039	−0.044%	$911K	$685K	25x	as long as short