Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against gTrade (Gains Network)+0.109%7-day average +0.099% · 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−$336as in the Price arb table

costs, in and out, $10k−$3373.366% of the position

Long on gTrade (Gains Network)Short on SunX

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 3 days (all we have)+0.046%+$5 · spread now +0.109%, 7d avg +0.099%

Together, before fees+0.045%+$5 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	66.467	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	59m 34s	$120K	—	250x
Short	SunX XAG-USDT	66.540	0	get 0.0000% / 4h	2h 59m	$2K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.78
Price spread: +0.109% → +0.099%: $0.99
Slippage, 4 orders: −$318.59
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$336.38
Costs to cover: 3.366%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; SunX: live order book, 8 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), 39 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell SunX live order book, 8 min ago	29.30 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

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	66.475	+0.012%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.470	+0.004%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.019%	$154.9M	$159.1M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.540	+0.109%	$2K	$2.9M	20x
HTX XAG-USDT	0.0000%	4h	66.560	+0.139%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.124%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	66.467	long leg	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.477	+0.014%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.433	−0.052%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.101%	$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	66.530	+0.094%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.901	+0.652%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.518	+0.076%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.060%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.429	−0.058%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.007%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.131%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.470	+0.004%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	+0.037%	$558K	$22.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.496	+0.043%	$1.2M	$4.2M	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.505	+0.056%	$2.8M	$1.0M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.389	−0.118%	$165.6M	$85.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	+0.025%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.049%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.094%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.114%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	+0.066%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	+0.078%	$48K	—	10x	as long as short
Bullet SILVER-USD	+0.0121%	1h	66.440	−0.041%	$45K	$76K	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.440	−0.041%	$108.7M	$155.7M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.184%	$2.6M	$683K	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.128%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.470	+0.004%	$193.3M	$717.8M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.483	+0.023%	$5.3M	$10.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	+0.034%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.409	−0.088%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.460	−0.011%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.126%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.450	−0.026%	$24.7M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	+0.065%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.056%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.102%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.079%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	+0.052%	$763K	$561K	25x	as long as short