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= −7.7% APRpaid last 24h −0.038%

Price spread now: Gate against Lighter+0.027%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.027%, 7d avg +0.052%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 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 Gate is 0.025% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.422	0.0096	pay 0.0012% / 1h	41m 10s	$5.4M	$11.3M	25x
Short	Gate XAG_USDT	65.440	0.0026	get 0.0013% / 4h	1h 41m	$141.4M	$181.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$14.7
Price spread: +0.027% → +0.052%: −$2.47
Slippage, 4 orders: −$2.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.92
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Gate: 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 Lighter live order book, 7 min ago	0.59 bp	0.6 bp −$1	0.7 bp −$7	4.7 bp −$466	15.3 bp −$7,657
Sell Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	9.6 bp −$96	12.7 bp −$1,266	16.6 bp −$8,316

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	−0.0120%	1h	65.369	−0.081%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0082%	1h	65.300	−0.187%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.383	−0.060%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.350	−0.110%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.012%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.027%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.027%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.370	−0.080%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0019%	4h	65.410	−0.018%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDTshort	+0.0026%	4h	65.440	+0.027%	$141.4M	$181.1M	100x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.420	−0.004%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.369	−0.081%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.495%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	−0.018%	$787K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.400	−0.034%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.837	+0.634%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.410	−0.018%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.387	−0.054%	$170.3M	$83.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.380	−0.064%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.366	−0.086%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.390	−0.049%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.422	0.000%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.384	−0.058%	$56K	$31K	25x	as long as short
Variational Omni XAG	+0.0070%	4h	65.414	−0.013%	$5.5M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0076%	4h	65.400	−0.034%	$115.3M	$157.1M	1000x	as long as short
Binance XAGUSDT	+0.0077%	4h	65.400	−0.034%	$189.8M	$763.4M	100x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.377	−0.069%	$535K	$30.3M	8.1x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.408	−0.022%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	+0.017%	$666K	$314K	30x	as long as short
Lighter XAGlong	+0.0096%	1h	65.422	long leg	$5.4M	$11.3M	25x
Pacifica XAG	+0.0100%	1h	65.355	−0.103%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.049%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.410	−0.018%	$112K	$19K	50x	as long as short
Nado XAG-PERP	+0.0109%	1h	65.366	−0.086%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.427	+0.007%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.064%	$1.6M	$1.4M	20x	as long as short
Bullet SILVER-USD	+0.0155%	1h	65.427	+0.008%	$43K	$77K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.420	−0.003%	$23.8M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.420	−0.003%	$27.9M	$71.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.410	−0.018%	$66K	$374K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.400	−0.033%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0306%	4h	65.440	+0.027%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.425	+0.004%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.392	−0.047%	$916K	$746K	25x	as long as short