Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: SoDEX against Gate−0.138%7-day average — · you buy dearer than you sell

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.138% cheaper against Gate than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.440	0	get 0.0000% / 4h	2h 35m	$153.5M	$162.4M	100x
Short	SoDEX SILVER-USD	66.348	0.0050	get 0.0006% / 1h	35m 54s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.138%Rate

Funding earned: $10.5
Price spread: −0.138% → 0.000%: −$13.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.35
Costs to cover: 0.230%
Break-even: 24.6 days

Slippage unknown: Gate: live order book, 3 min ago; SoDEX: 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, 3 min ago	0.75 bp	8.4 bp −$8	9.7 bp −$97	12.6 bp −$1,256	15.6 bp −$7,780
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
dYdX XAG-USD	0.0000%	1h	66.294	−0.219%	$15K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.440	long leg	$153.5M	$162.4M	100x
SunX XAG-USDT	0.0000%	4h	66.430	−0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	0.000%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.136%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	−0.061%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.362	−0.117%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.060%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	−0.030%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.845	+0.610%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.041%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	−0.084%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.348	−0.138%	$3K	$6K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.241%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.125%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.403	−0.056%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0088%	4h	66.480	+0.060%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.387	−0.080%	$165.7M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.342	−0.148%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	−0.075%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	+0.045%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.196%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.430	−0.016%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.374	−0.099%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.053%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	−0.036%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.440	0.000%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0154%	4h	66.454	+0.022%	$192.8M	$708.2M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.111%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.412	−0.042%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.120%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.450	+0.015%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	−0.048%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	−0.108%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.430	−0.015%	$24.0M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.323	−0.176%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.129%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.208%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	−0.036%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.060%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.097%	$765K	$475K	25x	as long as short