Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.002%

Price spread now: gTrade (Gains Network) against HTX−0.209%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$2912.914% of the position

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.209%, 7d avg −0.143%

Together, before fees+0.056%+$6 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: gTrade (Gains Network) is 0.066% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.140	0	get 0.0000% / 4h	6m 07s	$1.1M	$1.3M	75x
Short	gTrade (Gains Network) XAG/USD	65.004	L +0.0004% / S −0.0006%	get 0.0001% / 1h	6m 07s	$118K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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 HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.209%Rate

Funding earned: $1.23
Price spread: −0.209% → −0.143%: −$6.6
Slippage, 4 orders: −$269.36
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$296.73
Costs to cover: 2.914%
Break-even: 1701.6 days

Slippage from HTX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 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 HTX live order book, 3 min ago	3.84 bp	9.8 bp −$10	9.8 bp −$98	12.8 bp −$1,282	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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
Ondo Perps XAG-USD.P	−0.0025%	1h	64.970	−0.261%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.061	−0.121%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.220%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.090	−0.077%	$27.7M	$39.0M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.133%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.080	−0.092%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.140	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.070	−0.107%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	65.004	−0.209%	$118K	—	250x
Lighter RH XAG	+0.0032%	1h	65.066	−0.114%	$4.6M	$10.0M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.006	−0.205%	$5.0M	$11.8M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.090	−0.077%	$140.2M	$181.8M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.934%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.060	−0.123%	$124.8M	$162.7M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.070	−0.108%	$191.5M	$755.8M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.092%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0042%	4h	65.075	−0.099%	$2.7M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	−0.107%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.483	+0.527%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.060	−0.123%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.035	−0.161%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.003	−0.210%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.171%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.071	−0.107%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.076	−0.098%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	65.038	−0.157%	$172.9M	$84.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.031	−0.167%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.169%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.028	−0.172%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.030	−0.169%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.092%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.082	−0.089%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0136%	4h	65.100	−0.061%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.121%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.026	−0.176%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0162%	4h	65.070	−0.107%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.080	−0.092%	$28.3M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.067	−0.113%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	65.088	−0.080%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.052	−0.135%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.071	−0.107%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.100%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.044	−0.147%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.060	−0.123%	$65K	$398K	20x	as long as short