Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.007%

Price spread now: Gate against Lighter RH+0.034%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.034%, 7d avg +0.070%

Together, before fees+0.016%+ Points / potential airdropLighter RH: Points live · farm board+$2 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 0.036% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.048	0.0032	pay 0.0004% / 1h	14m 35s	$4.8M	$9.5M	25x
Short	Gate XAG_USDT	66.070	0.0034	get 0.0017% / 4h	3h 14m	$149.8M	$164.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0.42
Price spread: +0.034% → +0.070%: −$3.58
Slippage, 4 orders: −$5.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.51
Costs to cover: 0.204%
Break-even: 398.9 days

Slippage from Lighter RH: live order book, 4 min ago; Gate: live order book, 4 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 RH live order book, 4 min ago	1.66 bp	1.7 bp −$2	2.9 bp −$29	24.9 bp −$2,492	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.6 bp −$9	9.6 bp −$96	11.7 bp −$1,165	14.5 bp −$7,265

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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.960	−0.133%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.090%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.049%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.049%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.034%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.994	−0.081%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.024	−0.036%	$35K	$21K	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.048	long leg	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	65.993	−0.083%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.533%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDTshort	+0.0034%	4h	66.070	+0.034%	$149.8M	$164.2M	100x
StandX XAG-USD	+0.0040%	1h	66.060	+0.019%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.478	+0.651%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.024	−0.036%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.081%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.026	−0.033%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.041	−0.010%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.003%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.008	−0.060%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.011	−0.056%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.065	+0.026%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.003	−0.068%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.027%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.010	−0.057%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	66.046	−0.003%	$5.2M	$10.9M	25x	as long as short
Bybit XAGUSDT	+0.0113%	4h	66.080	+0.049%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.062	+0.022%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0165%	4h	66.053	+0.009%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.060	+0.019%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	+0.008%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0176%	1h	66.012	−0.054%	$1.4M	$5.8M	10x	as long as short
MEXC SILVER_USDT	+0.0176%	4h	66.060	+0.019%	$115.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.068	+0.030%	$191.6M	$702.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.079	+0.048%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0186%	4h	66.058	+0.016%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	66.046	−0.002%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	−0.027%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.027%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.070	+0.034%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	+0.034%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0229%	1h	66.063	+0.023%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.042%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.026%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	−0.029%	$911K	$683K	25x	as long as short