Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.5% APRpaid last 24h +0.062%

Price spread now: Bullet against Gate+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.140	0.0028	pay 0.0014% / 4h	9m 00s	$140.3M	$181.5M	100x
Short	Bullet SILVER-USD	65.159	0.0234	get 0.0029% / 1h	9m 00s	$45K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now +0.029%Rate

Funding earned: $43.18
Price spread: +0.029% → 0.000%: $2.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: $23.09
Costs to cover: 0.230%
Break-even: 3.3 days

Slippage unknown: Gate: live order book, 5 min ago; Bullet: no order-book sample. Net counts fees only.

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 Gate live order book, 5 min ago	0.77 bp	8.7 bp −$9	9.7 bp −$97	12.3 bp −$1,227	15.3 bp −$7,647
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0027%	1h	65.040	−0.154%	$5.7M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.120	−0.031%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.130	−0.015%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.133%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.150	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.170	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.015%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.080	−0.092%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.128	−0.018%	$35K	$21K	20x	as long as short
Gate XAG_USDTlong	+0.0028%	4h	65.140	long leg	$140.3M	$181.5M	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	65.141	+0.002%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.063	−0.119%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.934%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.110	−0.046%	$125.8M	$162.3M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.120	−0.031%	$191.3M	$755.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.240	+0.154%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.120	−0.031%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.150	+0.015%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.588	+0.688%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.147	+0.010%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.128	−0.018%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.080%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.171%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.141	+0.001%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	+0.109%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.086	−0.083%	$173.0M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.146	+0.009%	$490K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.261%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.100	−0.061%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.092%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.158	+0.028%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	+0.015%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.121%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.116	−0.037%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.130	−0.015%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.130	−0.015%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.128	−0.019%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.145	+0.008%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.130	−0.015%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.173	+0.050%	$20K	$17K	10x	as long as short
Bullet SILVER-USDshort	+0.0234%	1h	65.159	+0.029%	$45K	$75K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.145	+0.008%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.119	−0.033%	$1.0M	$869K	25x	as long as short