Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0122%/8hnext payment +$0.61 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against Gate−0.015%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.015%, 7d avg −0.029%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.270	0	get 0.0000% / 4h	23m 32s	$133.5M	$192.3M	100x
Short	MEXC SILVER_USDT	66.260	0.0122	get 0.0061% / 4h	23m 32s	$123.9M	$187.9M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $25.62
Price spread: −0.015% → −0.029%: $1.42
Slippage, 4 orders: −$3.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: $8.93
Costs to cover: 0.181%
Break-even: 4.6 days

Slippage from Gate: live order book, 9 min ago; MEXC: live order book, 10 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, 9 min ago	0.76 bp	8.3 bp −$8	10.5 bp −$105	12.4 bp −$1,245	14.5 bp −$7,230
Sell MEXC live order book, 10 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	2.0 bp −$1,015

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	−0.0058%	1h	66.150	−0.181%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.073%	$15K	$997	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.240	−0.045%	$35K	$21K	20x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.270	long leg	$133.5M	$192.3M	100x
SunX XAG-USDT	0.0000%	4h	66.270	0.000%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.290	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	0.000%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	−0.114%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.260	−0.014%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.216	−0.082%	$5.4M	$14.8M	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	+0.196%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.228	−0.063%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	−0.078%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.121%	$700K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.715	+0.671%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.240	−0.045%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.232	−0.057%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.209	−0.092%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.250	−0.030%	$134K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.257	−0.020%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	−0.015%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.212	−0.088%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.230	−0.060%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.091%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.260	−0.016%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.083%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	−0.019%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.268	−0.003%	$191.8M	$787.4M	100x	as long as short
MEXC SILVER_USDTshort	+0.0122%	4h	66.260	−0.015%	$123.9M	$187.9M	1000x
BloFin XAG-USDT	+0.0136%	4h	66.210	−0.091%	$2.6M	$1.4M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.232	−0.057%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	+0.015%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.271	+0.001%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.270	0.000%	$27.5M	$67.8M	50x	as long as short
Nado XAG-PERP	+0.0167%	1h	66.187	−0.125%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.248	−0.033%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.158%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.347%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.030%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	−0.015%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.200	−0.106%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	−0.038%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.260	−0.015%	$23.2M	$50.4M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	−0.072%	$779K	$644K	25x	as long as short