Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.080%

Price spread now: Deribit against Gate−0.076%51s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.076%, 7d avg −0.010%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.066% cheaper against Gate than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.010%). If the spread goes back, that is −$7 on $10k: about 31 hours of funding at the current rate (+$5 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.660	0.0040	pay 0.0020% / 4h	2h 04m	$144.3M	$181.4M	100x
Short	Deribit SILVER_USDC-PERPETUAL	65.610	0.0207	get 0.0026% / 1h	4m 25s	$66K	$368K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.076%Rate

Funding earned: $35.17
Price spread: −0.076% → −0.010%: −$6.57
Slippage, 4 orders: −$9.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$2.43
Costs to cover: 0.310%
Break-even: 7.5 days

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 44 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 Gate live order book, 5 min ago	0.76 bp	8.3 bp −$8	9.1 bp −$91	11.6 bp −$1,162	13.1 bp −$6,555
Sell Deribit live order book, 44 min ago	0.76 bp	4.3 bp −$4	4.3 bp −$43	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
Hibachi XAG/USDT-P	−0.0064%	1h	65.587	−0.112%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0006%	1h	65.520	−0.213%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.582	−0.120%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.690	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.046%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.601	−0.090%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.654	−0.010%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.624	−0.055%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.580	−0.122%	$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	+1.127%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	−0.078%	$56K	$26K	25x	as long as short
Gate XAG_USDTlong	+0.0040%	4h	65.660	long leg	$144.3M	$181.4M	100x
StandX XAG-USD	+0.0040%	1h	65.630	−0.046%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.070	+0.624%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.607	−0.081%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.571	−0.136%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.640	−0.030%	$152K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.620	−0.061%	$29K	$1K	5x	as long as short
Aster XAGUSDT	+0.0074%	4h	65.642	−0.027%	$2.7M	$944K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.627	−0.050%	$171.0M	$82.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.626	−0.052%	$461K	$29.3M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.606	−0.082%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0098%	4h	65.680	+0.030%	$28.9M	$39.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	65.580	−0.122%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.610	−0.076%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.680	+0.030%	$112K	$23K	50x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.021%	$5.5M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0124%	4h	65.650	−0.015%	$188.8M	$745.5M	100x	as long as short
Lighter XAG	+0.0128%	1h	65.626	−0.052%	$5.4M	$11.4M	25x	as long as short
MEXC SILVER_USDT	+0.0128%	4h	65.640	−0.030%	$112.6M	$162.3M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.618	−0.063%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0148%	4h	65.729	+0.105%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0148%	1h	65.589	−0.108%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.046%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.118%	$389K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.610	−0.076%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0207%	1h	65.610	−0.076%	$66K	$368K	20x
Bitget XAGUSDT	+0.0208%	4h	65.660	0.000%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.660	0.000%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.658	−0.003%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.665	+0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0369%	4h	65.660	0.000%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.595	−0.099%	$915K	$735K	25x	as long as short