Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.010%

Price spread now: Ondo Perps against Gate−0.168%7-day average −0.184% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.168%, 7d avg −0.184%

Together, before fees−0.051%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.184%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.330	0	get 0.0000% / 4h	2h 54m	$137.4M	$192.8M	100x
Short	Ondo Perps XAG-USD.P	65.220	−0.0064	pay 0.0008% / 1h	54m 16s	$5.7M	$10.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$13.44
Price spread: −0.168% → −0.184%: $1.52
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$31.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Ondo Perps: 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	0.76 bp	8.4 bp −$8	9.6 bp −$96	12.4 bp −$1,241	14.9 bp −$7,458
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.114%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.Pshort	−0.0064%	1h	65.220	−0.168%	$5.7M	$10.2M	25x
dYdX XAG-USD	0.0000%	1h	65.293	−0.057%	$12K	$6K	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.330	long leg	$137.4M	$192.8M	100x
SunX XAG-USDT	0.0000%	4h	65.310	−0.031%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.360	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.015%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	+0.400%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.299	−0.048%	$4.5M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.246	−0.129%	$5.0M	$11.9M	10x	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	65.510	+0.276%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.754	+0.649%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.277	−0.081%	$3.8M	$891K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.240	−0.138%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.296	−0.052%	$35K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0058%	1h	65.280	−0.077%	$173.5M	$92.3M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.290	−0.061%	$433K	$1.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	65.275	−0.085%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0075%	4h	65.472	+0.218%	$5.5M	$9.2M	—	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.440	+0.168%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0091%	24h	65.287	−0.066%	$638K	$36.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.251	−0.121%	$464K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.270	−0.092%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	+0.291%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.478	+0.227%	$56K	$13K	25x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.344	+0.022%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0115%	4h	65.316	−0.022%	$192.8M	$826.8M	100x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.320	−0.015%	$117.1M	$161.2M	1000x	as long as short
edgeX XAGUSDC	+0.0129%	4h	65.542	+0.324%	$668K	$313K	30x	as long as short
Aster XAGUSDT	+0.0130%	4h	65.321	−0.014%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0135%	1h	65.257	−0.112%	$1.2M	$4.2M	10x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.317	−0.019%	$44K	$75K	10x	as long as short
Lighter XAG	+0.0192%	1h	65.306	−0.037%	$5.1M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	65.443	+0.174%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.304	−0.039%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	65.320	−0.015%	$28.1M	$81.2M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.280	−0.077%	$77K	$437K	20x	as long as short
Bybit XAGUSDT	+0.0217%	4h	65.330	0.000%	$30.6M	$45.3M	150x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.320	−0.015%	$23.0M	$49.6M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.385	+0.084%	$93K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	65.550	+0.337%	$396K	$1.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.331	+0.001%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0357%	4h	65.400	+0.107%	$2.7M	$709K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.274	−0.086%	$1.0M	$893K	25x	as long as short