Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0006%/8hpaid last 24h −0.001%

Price spread now: gTrade (Gains Network) against Gate−0.075%7-day average −0.094% · 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−$285as in the Price arb table

costs, in and out, $10k−$2872.871% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.075%, 7d avg −0.094%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.260	0	get 0.0000% / 4h	22m 16s	$133.5M	$192.3M	100x
Short	gTrade (Gains Network) XAG/USD	66.210	L +0.0004% / S −0.0006%	get 0.0001% / 1h	22m 16s	$120K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.075%Rate

Funding earned: $1.23
Price spread: −0.075% → −0.094%: $1.89
Slippage, 4 orders: −$262.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$284.03
Costs to cover: 2.871%
Break-even: 1627.1 days

Slippage from Gate: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 11 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, 1 min ago	0.75 bp	8.9 bp −$9	10.5 bp −$105	12.4 bp −$1,240	16.5 bp −$8,228
Sell gTrade (Gains Network) virtual book (oracle venue), 11 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	−0.0062%	1h	66.150	−0.166%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.058%	$15K	$997	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.232	−0.042%	$35K	$21K	20x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.260	long leg	$133.5M	$192.3M	100x
SunX XAG-USDT	0.0000%	4h	66.260	0.000%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	−0.015%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.210	−0.075%	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.260	−0.001%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.209	−0.077%	$5.4M	$14.9M	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	+0.211%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.228	−0.048%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.238	−0.033%	$691K	$21.6M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.106%	$700K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.716	+0.688%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.238	−0.033%	$161.9M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.231	−0.044%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.205	−0.083%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.250	−0.015%	$134K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0063%	4h	66.230	−0.045%	$2.6M	$1.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	66.260	−0.001%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.260	0.000%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.217	−0.065%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.220	−0.060%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.075%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.259	−0.002%	$5.5M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.068%	$5.6M	$12.6M	—	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.260	0.000%	$123.9M	$188.0M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.263	+0.005%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.260	0.000%	$191.8M	$787.6M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.232	−0.042%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0156%	4h	66.270	+0.015%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.270	+0.015%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.218	−0.063%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	66.270	+0.015%	$27.4M	$67.9M	50x	as long as short
Bullet SILVER-USD	+0.0174%	1h	66.273	+0.019%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0180%	1h	66.188	−0.109%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.332%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.015%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	0.000%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.202	−0.088%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.265	+0.008%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.260	0.000%	$23.2M	$50.6M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.238	−0.033%	$779K	$644K	25x	as long as short