Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.008%

Price spread now: Phoenix against Gate−0.101%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.101% cheaper against Gate than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.450	0.0028	pay 0.0014% / 4h	1h 43m	$141.4M	$180.8M	100x
Short	Phoenix SILVER	65.384	0.0061	get 0.0008% / 1h	43m 29s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.101%Rate

Funding earned: $6.93
Price spread: −0.101% → 0.000%: −$10.08
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$25.15
Costs to cover: 0.220%
Break-even: 32.4 days

Slippage unknown: Gate: live order book, 6 min ago; Phoenix: 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, 6 min ago	0.76 bp	8.3 bp −$8	9.4 bp −$94	11.7 bp −$1,170	14.2 bp −$7,102
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Hibachi XAG/USDT-P	−0.0120%	1h	65.374	−0.117%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0086%	1h	65.300	−0.229%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.395	−0.084%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.404	−0.071%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.440	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	−0.046%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.373	−0.117%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0024%	4h	65.440	−0.015%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDTlong	+0.0028%	4h	65.450	long leg	$141.4M	$180.8M	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	65.414	−0.055%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.365	−0.129%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.451%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.420	−0.046%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.843	+0.600%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.435	−0.023%	$2.7M	$966K	100x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.400	−0.076%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.398	−0.079%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.382	−0.104%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.364	−0.131%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.408	−0.064%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.420	−0.046%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVERshort	+0.0061%	1h	65.384	−0.101%	$56K	$31K	25x
Variational Omni XAG	+0.0070%	4h	65.414	−0.056%	$5.5M	$9.4M	—	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.394	−0.086%	$491K	$30.2M	8.1x	as long as short
Binance XAGUSDT	+0.0079%	4h	65.432	−0.028%	$189.8M	$763.1M	100x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	65.410	−0.061%	$115.1M	$157.1M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.408	−0.064%	$47K	—	10x	as long as short
Lighter XAG	+0.0088%	1h	65.423	−0.041%	$5.4M	$11.3M	25x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	−0.026%	$666K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.371	−0.120%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.380	−0.107%	$25.4M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.410	−0.061%	$112K	$19K	50x	as long as short
Nado XAG-PERP	+0.0104%	1h	65.370	−0.123%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0120%	4h	65.397	−0.080%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.107%	$1.6M	$1.4M	20x	as long as short
Bullet SILVER-USD	+0.0149%	1h	65.435	−0.023%	$43K	$77K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.430	−0.031%	$23.8M	$46.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	65.430	−0.031%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.410	−0.061%	$66K	$372K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.399	−0.078%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.435	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0322%	4h	65.470	+0.031%	$2.6M	$616K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.391	−0.090%	$916K	$746K	25x	as long as short