Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.009%

Price spread now: Ondo Perps against Gate−0.214%7-day average −0.185% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.159%+$16 · spread now −0.214%, 7d avg −0.185%

Together, before fees+0.103%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.185%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.510	0.0028	pay 0.0014% / 4h	1h 52m	$143.8M	$177.0M	100x
Short	Ondo Perps XAG-USD.P	65.370	−0.0042	pay 0.0005% / 1h	52m 30s	$5.6M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$14.62
Price spread: −0.214% → −0.185%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$37.53
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 2 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	12.9 bp −$1,286	15.5 bp −$7,771
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0112%	1h	65.440	−0.107%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	−0.055%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.Pshort	−0.0042%	1h	65.370	−0.214%	$5.6M	$9.7M	25x
dYdX XAG-USD	0.0000%	1h	65.471	−0.060%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.510	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.550	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.510	0.000%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.431	−0.121%	$118K	—	250x	as long as short
Gate XAG_USDTlong	+0.0028%	4h	65.510	long leg	$143.8M	$177.0M	100x
Lighter RH XAG	+0.0032%	1h	65.477	−0.050%	$4.7M	$9.5M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.441	−0.105%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.359%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.480	−0.046%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.918	+0.623%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	−0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.453	−0.087%	$170.6M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.448	−0.095%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.437	−0.111%	$3K	$6K	20x	as long as short
Bybit XAGUSDT	+0.0056%	4h	65.500	−0.015%	$28.7M	$39.4M	150x	as long as short
Aster XAGUSDT	+0.0057%	4h	65.495	−0.022%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.479	−0.048%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.487	−0.035%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.078%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.482	−0.043%	$468K	$29.2M	8.1x	as long as short
Lighter XAG	+0.0096%	1h	65.483	−0.041%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.189%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0098%	4h	65.470	−0.061%	$188.3M	$750.0M	100x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	65.480	−0.046%	$113.5M	$156.4M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.446	−0.098%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.460	−0.076%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.153%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.487	−0.035%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.450	−0.092%	$1.6M	$1.3M	20x	as long as short
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.161%	$668K	$312K	30x	as long as short
Nado XAG-PERP	+0.0121%	1h	65.465	−0.069%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.067%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0169%	1h	65.499	−0.017%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.490	−0.031%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0201%	8h	65.490	−0.031%	$27.7M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.480	−0.046%	$66K	$370K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.515	+0.007%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.505	−0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.015%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.472	−0.058%	$917K	$739K	25x	as long as short