Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: HTX against Gate+0.030%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.030%, 7d avg +0.051%

Together, before fees−0.027%−$3 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: HTX is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.240	0	get 0.0000% / 4h	1h 49m	$151.4M	$161.7M	100x
Short	HTX XAG-USDT	66.260	0	get 0.0000% / 4h	1h 49m	$1.0M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.051%: −$2.1
Slippage, 4 orders: −$11.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.07
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; HTX: 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 Gate live order book, 4 min ago	0.75 bp	8.3 bp −$8	8.5 bp −$85	12.5 bp −$1,255	16.2 bp −$8,095
Sell HTX live order book, 4 min ago	4.52 bp	11.8 bp −$12	12.0 bp −$120	15.2 bp −$1,520	doesn't fit

XAG on 43 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	66.178	−0.093%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.240	long leg	$151.4M	$161.7M	100x
SunX XAG-USDT	0.0000%	4h	66.250	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.260	+0.030%	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.250	+0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.085%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.194	−0.069%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0030%	1h	66.120	−0.181%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	−0.040%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.157	−0.126%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.242%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	−0.015%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.684%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	−0.033%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.104%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.041%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.095%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.077%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.166	−0.112%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.136%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.216	−0.036%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.225	−0.023%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	0.000%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	−0.028%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	−0.014%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.003%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.231	−0.014%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.220	−0.030%	$110.5M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.220	−0.030%	$191.8M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.166%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.190%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.230	−0.015%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.039%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	−0.038%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.062%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.220	−0.030%	$23.8M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.264	+0.036%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.056%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.030%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.048%	$763K	$475K	25x	as long as short