Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.054%

Price spread now: Gate against Coinbase International−0.061%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.061%, 7d avg +0.033%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.094% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.690	0.0176	pay 0.0022% / 1h	5m 22s	$1.6M	$1.3M	20x
Short	Gate XAG_USDT	65.650	0.0040	get 0.0020% / 4h	2h 05m	$144.4M	$181.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$28.56
Price spread: −0.061% → +0.033%: −$9.37
Slippage, 4 orders: −$3.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.98
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	0.76 bp	5.8 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.3 bp −$1,133	15.6 bp −$7,787

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	−0.0040%	1h	65.660	−0.046%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.530	−0.244%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.636	−0.083%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	−0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.690	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.091%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.587	−0.157%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.657	−0.051%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.622	−0.104%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.581	−0.166%	$5.1M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.081%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	−0.123%	$56K	$26K	25x	as long as short
Gate XAG_USDTshort	+0.0040%	4h	65.650	−0.061%	$144.4M	$181.2M	100x
StandX XAG-USD	+0.0040%	1h	65.690	0.000%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.079	+0.592%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.602	−0.134%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.571	−0.181%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.091%	$152K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.633	−0.087%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.636	−0.083%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.612	−0.119%	$171.0M	$82.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.626	−0.097%	$461K	$29.3M	8.1x	as long as short
Aster XAGUSDT	+0.0079%	4h	65.640	−0.076%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.609	−0.123%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	−0.107%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.680	−0.015%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0106%	4h	65.650	−0.061%	$28.9M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	−0.025%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.622	−0.103%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.618	−0.109%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0129%	4h	65.640	−0.076%	$188.8M	$746.0M	100x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.630	−0.091%	$112.6M	$162.3M	1000x	as long as short
edgeX XAGUSDC	+0.0148%	4h	65.729	+0.059%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0149%	1h	65.623	−0.101%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0176%	1h	65.690	long leg	$1.6M	$1.3M	20x
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.072%	$389K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.617	−0.111%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.610	−0.122%	$66K	$368K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.640	−0.076%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	65.630	−0.091%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.651	−0.060%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.635	−0.084%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0369%	4h	65.660	−0.046%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.595	−0.145%	$915K	$735K	25x	as long as short