Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.006%

Price spread now: Gate against Lighter RH+0.038%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.046%+$5 · spread now +0.038%, 7d avg +0.069%

Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.445	0.0032	pay 0.0004% / 1h	7m 58s	$4.5M	$9.7M	25x
Short	Gate XAG_USDT	65.470	0	get 0.0000% / 4h	2h 07m	$139.3M	$200.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$6.72
Price spread: +0.038% → +0.069%: −$3.12
Slippage, 4 orders: −$4.39
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.23
Costs to cover: 0.194%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Gate: live order book, 4 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 Lighter RH live order book, 4 min ago	1.18 bp	1.7 bp −$2	2.9 bp −$29	19.8 bp −$1,982	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	12.0 bp −$1,200	14.7 bp −$7,329

XAG on 44 exchanges

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	−1.289%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0007%	1h	65.330	−0.176%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.390	−0.084%	$12K	$6K	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	65.470	+0.038%	$139.3M	$200.8M	100x
SunX XAG-USDT	0.0000%	4h	65.470	+0.038%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.490	+0.068%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.460	+0.022%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.377	−0.104%	$118K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.445	long leg	$4.5M	$9.7M	25x
Extended XAG-USD	+0.0032%	1h	65.387	−0.090%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.416	−0.045%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.430	−0.023%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.873	+0.654%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.420	−0.039%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.387	−0.089%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.438	−0.012%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.440	−0.008%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.390	−0.084%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0097%	24h	65.445	0.000%	$625K	$37.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.402	−0.067%	$465K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.039%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.069%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.440	−0.008%	$5.7M	$9.2M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.406	−0.060%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0119%	1h	65.415	−0.046%	$174.2M	$92.8M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.439	−0.010%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.450	+0.007%	$120.8M	$167.3M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.460	+0.022%	$193.0M	$836.6M	100x	as long as short
edgeX XAGUSDC	+0.0132%	4h	65.468	+0.034%	$667K	$313K	30x	as long as short
Aster XAGUSDT	+0.0135%	4h	65.421	−0.038%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0176%	1h	65.412	−0.050%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0184%	4h	65.455	+0.014%	$395K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.443	−0.003%	$5.1M	$11.7M	25x	as long as short
Bybit XAGUSDT	+0.0200%	4h	65.470	+0.038%	$30.5M	$46.8M	150x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.458	+0.020%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.430	−0.023%	$77K	$411K	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.400	−0.070%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.460	+0.022%	$28.0M	$82.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.405	−0.061%	$21K	$12K	10x	as long as short
Bitget XAGUSDT	+0.0250%	4h	65.460	+0.022%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0265% / S −0.0231%	1h	65.455	+0.015%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0275%	1h	65.457	+0.018%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.440	−0.008%	$2.7M	$758K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0774%	1h	65.419	−0.040%	$1.0M	$937K	25x	as long as short