Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.021%

Price spread now: RISEx against Gate+0.203%56s7-day average −0.027% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.267% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 7 days−0.269%−$27 · spread now +0.203%, 7d avg −0.027%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.230% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.070% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.570	0	get 0.0000% / 4h	2h 03m	$138.7M	$202.8M	100x
Short	RISEx XAG/USDC	65.703	0.0206	get 0.0026% / 1h	3m 40s	$1.2M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.203%Rate

Funding earned: $43.3
Price spread: +0.203% → −0.027%: $22.98
Slippage, 4 orders: −$5.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $39.58
Costs to cover: 0.267%
Break-even: 0.6 days

Slippage from Gate: live order book, 4 min ago; RISEx: live order book, 3 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, 4 min ago	0.76 bp	8.4 bp −$8	9.7 bp −$97	11.6 bp −$1,155	15.2 bp −$7,592
Sell RISEx live order book, 3 min ago	2.00 bp	5.0 bp −$5	7.6 bp −$76	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.4432%	1h	65.581	+0.017%	$36K	$23K	20x	as long as short
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.476%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0006%	1h	65.430	−0.214%	$5.7M	$10.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.547	−0.036%	$12K	$7K	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.570	long leg	$138.7M	$202.8M	100x
SunX XAG-USDT	0.0000%	4h	65.700	+0.198%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.720	+0.229%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	+0.168%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.630	+0.092%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.559	−0.017%	$4.5M	$9.8M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.507	−0.096%	$5.1M	$11.8M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	+0.168%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.105	+0.816%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.650	+0.122%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.627	+0.087%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.532	−0.058%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.550	−0.031%	$445K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.630	+0.092%	$1.6M	$1.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0098%	24h	65.732	+0.247%	$711K	$38.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.526	−0.067%	$466K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.015%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.500	−0.107%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0104%	4h	65.650	+0.121%	$5.7M	$9.2M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.406	−0.250%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0118%	1h	65.557	−0.020%	$174.4M	$93.6M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.683	+0.173%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0131%	4h	65.580	+0.015%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0132%	4h	65.574	+0.005%	$193.2M	$851.6M	100x	as long as short
MEXC SILVER_USDT	+0.0132%	4h	65.560	−0.015%	$120.7M	$169.1M	1000x	as long as short
edgeX XAGUSDC	+0.0143%	4h	65.456	−0.173%	$667K	$314K	30x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.680	+0.167%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0182%	4h	65.613	+0.065%	$396K	$1.5M	25x	as long as short
Bybit XAGUSDT	+0.0187%	4h	65.570	0.000%	$30.4M	$47.3M	150x	as long as short
Lighter XAG	+0.0192%	1h	65.551	−0.030%	$5.1M	$11.9M	25x	as long as short
RISEx XAG/USDCshort	+0.0206%	1h	65.703	+0.203%	$1.2M	$4.9M	20x
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.670	+0.153%	$77K	$411K	20x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.518	−0.079%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	65.570	0.000%	$28.0M	$84.1M	50x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.660	+0.137%	$21K	$12K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	65.560	−0.015%	$23.2M	$51.8M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0266% / S −0.0233%	1h	65.665	+0.145%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.692	+0.186%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0372%	4h	65.700	+0.198%	$2.7M	$762K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0771%	1h	65.670	+0.152%	$1.0M	$939K	25x	as long as short