Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Gate against gTrade (Gains Network)+0.101%7-day average +0.100% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2872.867% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.101%, 7d avg +0.100%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	65.914	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	40m 47s	$120K	—	250x
Short	Gate XAG_USDT	65.980	0	get 0.0000% / 4h	3h 40m	$149.5M	$163.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.101%Rate

Funding earned: −$0.78
Price spread: +0.101% → +0.100%: $0.1
Slippage, 4 orders: −$261.69
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$287.37
Costs to cover: 2.867%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 43 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 gTrade (Gains Network) virtual book (oracle venue), 43 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell Gate live order book, 3 min ago	0.76 bp	8.4 bp −$8	9.6 bp −$96	12.4 bp −$1,244	15.8 bp −$7,923

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	−0.0043%	1h	65.830	−0.127%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	+0.030%	$14K	—	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	65.980	+0.101%	$149.5M	$163.5M	100x
SunX XAG-USDT	0.0000%	4h	65.970	+0.086%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.161%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.101%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	65.914	long leg	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	65.961	+0.072%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.915	+0.002%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.738%	$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	65.970	+0.086%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.389	+0.721%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.922	+0.013%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.940	+0.040%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.909	−0.007%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.936	+0.034%	$165.9M	$73.6M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	+0.055%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.930	+0.025%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.037%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.975	+0.094%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.914	0.000%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	+0.025%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	+0.010%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.970	+0.085%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	65.970	+0.085%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0130%	4h	65.990	+0.116%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.970	+0.086%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.919	+0.008%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.960	+0.070%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.076%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.970	+0.086%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0202%	4h	65.980	+0.101%	$191.0M	$702.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.950	+0.055%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	+0.055%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.937	+0.036%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.164%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0219%	4h	65.962	+0.073%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.970	+0.086%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.974	+0.092%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	+0.070%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.980	+0.101%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.003%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	+0.093%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.935	+0.033%	$910K	$683K	25x	as long as short