Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.017%

Price spread now: Gate against Extended+0.114%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.114%, 7d avg +0.088%

Together, before fees−0.105%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.027% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	65.995	0.0032	pay 0.0004% / 1h	15m 06s	$5.2M	$11.5M	10x
Short	Gate XAG_USDT	66.070	0.0024	get 0.0012% / 4h	3h 15m	$149.8M	$164.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.114%Rate

Funding earned: −$1.68
Price spread: +0.114% → +0.088%: $2.66
Slippage, 4 orders: −$3.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.4
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: live order book, 4 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 Extended live order book, 4 min ago	0.08 bp	4.0 bp −$4	7.0 bp −$70	13.6 bp −$1,363	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.6 bp −$9	9.6 bp −$96	11.7 bp −$1,165	14.5 bp −$7,265

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	−0.0058%	1h	65.950	−0.068%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.009%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.129%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.129%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.114%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.994	−0.001%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.024	+0.045%	$35K	$21K	20x	as long as short
Gate XAG_USDTshort	+0.0024%	4h	66.070	+0.114%	$149.8M	$164.2M	100x
Lighter RH XAG	+0.0032%	1h	66.047	+0.079%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	65.995	long leg	$5.2M	$11.5M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.614%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.099%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.479	+0.734%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.025	+0.046%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.001%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.023	+0.043%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.042	+0.072%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.084%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.008	+0.020%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.011	+0.025%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	+0.107%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.998	+0.005%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	+0.038%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.010	+0.023%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	66.049	+0.083%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.059	+0.098%	$2.7M	$866K	100x	as long as short
Bybit XAGUSDT	+0.0122%	4h	66.080	+0.129%	$27.8M	$36.5M	150x	as long as short
Variational Omni XAG	+0.0165%	4h	66.053	+0.089%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.060	+0.099%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	+0.088%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0174%	1h	66.012	+0.026%	$1.4M	$5.8M	10x	as long as short
MEXC SILVER_USDT	+0.0176%	4h	66.060	+0.099%	$115.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.064	+0.106%	$191.6M	$702.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.079	+0.129%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0186%	4h	66.058	+0.097%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	66.046	+0.078%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	+0.054%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	+0.054%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.060	+0.099%	$27.7M	$64.5M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.060	+0.099%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0229%	1h	66.063	+0.103%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	+0.038%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.107%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	+0.052%	$911K	$683K	25x	as long as short