Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.053%

Price spread now: Gate against Coinbase International+0.092%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.092%, 7d avg +0.031%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.061% dearer against Coinbase International than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.031%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.380	0.0120	pay 0.0015% / 1h	41m 14s	$1.6M	$1.4M	20x
Short	Gate XAG_USDT	65.440	0.0026	get 0.0013% / 4h	1h 41m	$141.4M	$181.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.092%Rate

Funding earned: −$19.74
Price spread: +0.092% → +0.031%: $6.06
Slippage, 4 orders: −$6.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.22
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	2.30 bp	7.7 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	12.7 bp −$1,266	16.6 bp −$8,316

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.369	−0.016%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0082%	1h	65.300	−0.122%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.383	+0.005%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.350	−0.046%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.076%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.092%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.092%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.370	−0.016%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0019%	4h	65.440	+0.092%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDTshort	+0.0026%	4h	65.440	+0.092%	$141.4M	$181.1M	100x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.420	+0.061%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.369	−0.016%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.560%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	+0.046%	$787K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.400	+0.031%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.837	+0.699%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.410	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.398	+0.028%	$170.3M	$83.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.380	0.000%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.366	−0.021%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.390	+0.015%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.422	+0.065%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.384	+0.006%	$56K	$31K	25x	as long as short
Variational Omni XAG	+0.0070%	4h	65.414	+0.051%	$5.5M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0076%	4h	65.420	+0.061%	$115.1M	$157.1M	1000x	as long as short
Binance XAGUSDT	+0.0077%	4h	65.430	+0.076%	$189.8M	$763.1M	100x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.377	−0.005%	$535K	$30.3M	8.1x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.408	+0.043%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	+0.081%	$666K	$314K	30x	as long as short
Lighter XAG	+0.0096%	1h	65.422	+0.064%	$5.4M	$11.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.355	−0.038%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	+0.015%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.410	+0.046%	$112K	$19K	50x	as long as short
Nado XAG-PERP	+0.0109%	1h	65.366	−0.022%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.427	+0.072%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0120%	1h	65.380	long leg	$1.6M	$1.4M	20x
Bullet SILVER-USD	+0.0155%	1h	65.427	+0.072%	$43K	$77K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.420	+0.061%	$23.8M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.420	+0.061%	$27.9M	$71.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.410	+0.046%	$66K	$374K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.400	+0.031%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0306%	4h	65.440	+0.092%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.425	+0.069%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.392	+0.018%	$916K	$746K	25x	as long as short