Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Gate against HTX−0.090%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.090%, 7d avg −0.053%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.037% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.860	0	get 0.0000% / 4h	3h 51m	$1.1M	$1.1M	75x
Short	Gate XAG_USDT	66.800	0	get 0.0000% / 4h	3h 51m	$155.7M	$165.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.053%: −$3.72
Slippage, 4 orders: −$13.09
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.81
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Gate: live order book, 2 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 HTX live order book, 2 min ago	2.99 bp	9.0 bp −$9	9.0 bp −$90	11.9 bp −$1,190	doesn't fit
Sell Gate live order book, 2 min ago	0.75 bp	9.5 bp −$10	9.7 bp −$97	13.5 bp −$1,355	16.0 bp −$7,989

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	66.742	−0.176%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.810	−0.075%	$26.1M	$35.3M	150x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.800	−0.090%	$155.7M	$165.3M	100x
SunX XAG-USDT	0.0000%	4h	66.790	−0.105%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.860	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.800	−0.090%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.751	−0.163%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.739	−0.181%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.786	−0.110%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.745	−0.172%	$5.4M	$13.2M	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	−0.688%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.780	−0.120%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.228	+0.550%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.670	−0.284%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.769	−0.136%	$166.2M	$85.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.742	−0.176%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.749	−0.166%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.690	−0.254%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.760	−0.150%	$115K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0056%	4h	66.800	−0.090%	$2.6M	$671K	100x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.731	−0.193%	$570K	$21.8M	8.1x	as long as short
Variational Omni XAG	+0.0087%	4h	66.806	−0.081%	$5.6M	$10.1M	—	as long as short
Lighter XAG	+0.0088%	1h	66.796	−0.096%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0092%	8h	66.797	−0.094%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.756	−0.155%	$482K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.770	−0.135%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.165%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0106%	4h	66.780	−0.120%	$2.8M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0106%	4h	66.731	−0.193%	$677K	$313K	30x	as long as short
MEXC SILVER_USDT	+0.0110%	4h	66.790	−0.105%	$116.5M	$154.6M	1000x	as long as short
Binance XAGUSDT	+0.0110%	4h	66.797	−0.094%	$192.3M	$725.9M	100x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.762	−0.146%	$48K	—	10x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.745	−0.172%	$1.3M	$6.6M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.782	−0.116%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.810	−0.075%	$24.8M	$48.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0174%	1h	66.733	−0.189%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.760	−0.150%	$1.9M	$963K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.800	−0.090%	$28.2M	$67.7M	50x	as long as short
Bullet SILVER-USD	+0.0191%	1h	66.801	−0.089%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.759	−0.151%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.815	−0.067%	$104K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	66.830	−0.045%	$401K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0349%	1h	66.800	−0.090%	$51K	$348K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.762	−0.147%	$767K	$592K	25x	as long as short