Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.067%

Price spread now: Gate against Hibachi+0.327%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.327% dearer against Hibachi than usual: you sell high and buy low (spread +0.327% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	65.476	0.0136	pay 0.0017% / 1h	10m 28s	$20K	$19K	10x
Short	Gate XAG_USDT	65.690	0.0040	get 0.0020% / 4h	2h 10m	$145.1M	$179.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hibachi. 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 HibachibpFee GatebpOrdersPrice spread, now +0.327%Rate

Funding earned: −$20.16
Price spread: +0.327% → 0.000%: $32.71
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.45
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 4 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.1 bp −$1,110	17.1 bp −$8,533

Hibachi: 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
dYdX XAG-USD	0.0000%	1h	65.576	+0.153%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.205%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.640	+0.251%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	+0.235%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	+0.129%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	+0.215%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	+0.285%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.610	+0.205%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.593	+0.180%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.411%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.418	−0.088%	$56K	$26K	25x	as long as short
Gate XAG_USDTshort	+0.0040%	4h	65.690	+0.327%	$145.1M	$179.8M	100x
StandX XAG-USD	+0.0040%	1h	65.570	+0.144%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.904%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	+0.231%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.567	+0.139%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	+0.235%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	+0.200%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.616	+0.213%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.561	+0.130%	$445K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.647	+0.261%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.677	+0.307%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	+0.167%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	+0.220%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.116%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.690	+0.327%	$28.8M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	+0.164%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.617	+0.215%	$5.3M	$11.2M	25x	as long as short
Hibachi XAG/USDT-Plong	+0.0136%	1h	65.476	long leg	$20K	$19K	10x
Aevo XAG-PERP	+0.0136%	1h	65.598	+0.187%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0138%	4h	65.670	+0.297%	$189.4M	$744.4M	100x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	65.650	+0.266%	$123.3M	$161.5M	1000x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	+0.163%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.050%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	+0.083%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.070%	$397K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.008%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.690	+0.327%	$27.9M	$70.1M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.670	+0.297%	$23.8M	$46.2M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.313%	$43K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0360%	1h	65.620	+0.220%	$66K	$367K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	+0.304%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	+0.205%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.576	+0.153%	$915K	$735K	25x	as long as short