Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against gTrade (Gains Network)+0.118%7-day average +0.101% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$337as in the Price arb table

costs, in and out, $10k−$3383.382% of the position

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.118%, 7d avg +0.101%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	64.953	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	20m 02s	$117K	—	250x
Short	SunX XAG-USDT	65.030	0	get 0.0000% / 4h	3h 20m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.78
Price spread: +0.118% → +0.101%: $1.67
Slippage, 4 orders: −$320.21
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$337.31
Costs to cover: 3.382%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 44 min ago; SunX: live order book, 7 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 gTrade (Gains Network) virtual book (oracle venue), 44 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell SunX live order book, 7 min ago	30.10 bp	34.1 bp −$34	doesn't fit	doesn't fit	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	64.926	−0.042%	$12K	$6K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.030	+0.118%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.030	+0.118%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.030	+0.118%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	64.953	long leg	$117K	—	250x
Gate XAG_USDT	+0.0016%	4h	65.050	+0.149%	$138.8M	$187.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.027	+0.114%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.973	+0.030%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.541%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.970	+0.026%	$781K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.431	+0.735%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.000	+0.072%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	+0.056%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	−0.001%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	−0.082%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	+0.111%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.235%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.002	+0.075%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.175%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.993	+0.061%	$488K	$35.1M	8.1x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	65.080	+0.195%	$124.0M	$160.3M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	64.949	−0.007%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	+0.103%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.313%	$111K	$19K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	65.097	+0.221%	$198.5M	$790.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	+0.098%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.521%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0117%	4h	65.110	+0.241%	$2.7M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.968	+0.022%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.988	+0.053%	$173.2M	$88.9M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.030	+0.118%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	64.979	+0.039%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.090	+0.210%	$29.0M	$76.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.194%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0220%	4h	65.050	+0.149%	$22.9M	$48.3M	100x	as long as short
Lighter XAG	+0.0232%	1h	65.012	+0.090%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	+0.110%	$92K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.164%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	+0.110%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	+0.041%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	+0.087%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	−0.098%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0374%	4h	65.100	+0.226%	$30.2M	$43.6M	150x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	+0.076%	$1.0M	$894K	25x	as long as short