Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Gate against SoDEX+0.184%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Gate is 0.184% dearer against SoDEX than usual: you sell high and buy low (spread +0.184% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	65.250	0.0050	pay 0.0006% / 1h	16m 43s	$3K	$6K	20x
Short	Gate XAG_USDT	65.370	0	get 0.0000% / 4h	2h 16m	$139.3M	$199.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now +0.184%Rate

Funding earned: −$10.5
Price spread: +0.184% → 0.000%: $18.39
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.11
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 5 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.6 bp −$1,157	14.6 bp −$7,302

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 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−0.993%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.240	−0.015%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	+0.010%	$12K	$6K	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	65.370	+0.184%	$139.3M	$199.9M	100x
SunX XAG-USDT	0.0000%	4h	65.330	+0.123%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.320	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.138%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.267	+0.026%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.138%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.284	+0.052%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	+0.123%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.746	+0.760%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.286	+0.055%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	65.250	long leg	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0058%	8h	65.327	+0.118%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.320	+0.107%	$443K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.350	+0.153%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.125%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.340	+0.138%	$641K	$37.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.278	+0.042%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.092%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	+0.031%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	+0.058%	$55K	$13K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	65.324	+0.113%	$36K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.310	+0.092%	$174.0M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.323	+0.111%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.340	+0.138%	$119.6M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0130%	4h	65.350	+0.153%	$193.0M	$835.0M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.334	+0.128%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.351	+0.155%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0182%	1h	65.274	+0.037%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.320	+0.107%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.338	+0.135%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.357	+0.165%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	+0.061%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.350	+0.153%	$27.9M	$82.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.306	+0.085%	$78K	$37K	10x	as long as short
Bybit XAGUSDT	+0.0222%	4h	65.370	+0.184%	$30.4M	$46.8M	150x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.360	+0.169%	$23.1M	$50.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.161%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.275	+0.038%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.333	+0.128%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.310	+0.092%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.287	+0.057%	$1.0M	$937K	25x	as long as short