Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.003%

Price spread now: dYdX against Gate−0.049%46s7-day average — · you buy dearer than you sell

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.049% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.380	0.0032	pay 0.0016% / 4h	45m 58s	$141.2M	$177.1M	100x
Short	dYdX XAG-USD	65.348	0	get 0.0000% / 1h	45m 58s	$12K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$6.72
Price spread: −0.049% → 0.000%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$36.61
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; dYdX: 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, 3 min ago	0.76 bp	8.3 bp −$8	9.3 bp −$93	12.2 bp −$1,223	15.4 bp −$7,704
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Hotstuff SILVER-PERP	−0.0088%	1h	65.353	−0.041%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0038%	1h	65.290	−0.138%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USDshort	0.0000%	1h	65.348	−0.049%	$12K	$5K	5x
Bybit XAGUSDT	0.0000%	4h	65.370	−0.015%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.420	+0.061%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.015%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.327	−0.081%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.104%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0031%	4h	65.389	+0.014%	$2.7M	$945K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.380	0.000%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.312	−0.103%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDTlong	+0.0032%	4h	65.380	long leg	$141.2M	$177.1M	100x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.560%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.360	−0.031%	$117.9M	$157.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	+0.031%	$787K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.350	−0.046%	$191.6M	$759.9M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.400	+0.031%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.810	+0.658%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.365	−0.023%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.073%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.380	0.000%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.383	+0.005%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.097%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.281	−0.151%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.343	−0.057%	$169.9M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.378	−0.003%	$481K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.031%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.360	−0.030%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.340	−0.061%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.300	−0.122%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.422	+0.064%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.097%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0165%	4h	65.400	+0.031%	$2.7M	$583K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.370	−0.015%	$23.3M	$45.4M	100x	as long as short
Nado XAG-PERP	+0.0168%	1h	65.358	−0.033%	$1.2M	$4.8M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.395	+0.024%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.350	−0.046%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.360	−0.031%	$28.1M	$70.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.339	−0.062%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.370	−0.015%	$65K	$387K	20x	as long as short
Bullet SILVER-USD	+0.0233%	1h	65.409	+0.045%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.385	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.358	−0.034%	$1.0M	$869K	25x	as long as short