Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%

Price spread now: StandX against Gate−0.045%49s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.350% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.045%, 7d avg −0.028%

Together, before fees+0.030%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 49 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	66.100	0	get 0.0000% / 4h	8m 39s	$150.1M	$163.9M	100x
Short	StandX XAG-USD	66.070	0.0040	get 0.0005% / 1h	8m 39s	$795K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $8.4
Price spread: −0.045% → −0.028%: −$1.76
Slippage, 4 orders: −$12.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$28.41
Costs to cover: 0.350%
Break-even: 30.7 days

Slippage from Gate: live order book, 5 min ago; StandX: live order book, just now.

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	8.3 bp −$8	9.4 bp −$94	11.6 bp −$1,161	14.6 bp −$7,324
Sell StandX live order book, just now	3.03 bp	10.1 bp −$10	11.9 bp −$119	36.3 bp −$3,630	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	66.018	−0.124%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.100	long leg	$150.1M	$163.9M	100x
SunX XAG-USDT	0.0000%	4h	66.110	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.045%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.061%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.029	−0.108%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	−0.060%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.008	−0.139%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$11K	$94K	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	66.070	−0.045%	$795K	$3.1M	40x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.970	−0.197%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.530	+0.651%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.065%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.080	−0.030%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.029	−0.107%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.070	−0.045%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.071%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.082	−0.027%	$548K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	−0.100%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.106%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.037	−0.095%	$165.9M	$73.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	−0.050%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0143%	8h	66.083	−0.025%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0148%	4h	66.080	−0.030%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	0.000%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.063	−0.056%	$5.3M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.098	−0.003%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.121%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.056%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0213%	1h	66.060	−0.061%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.080	−0.030%	$110.6M	$153.0M	1000x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.090	−0.015%	$192.7M	$700.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.047%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.064%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.080	−0.030%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.080	−0.030%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.030%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	−0.015%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.122	+0.034%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.030%	$75K	$362K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.020	−0.121%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	+0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.080	−0.030%	$912K	$683K	25x	as long as short