Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.010%

Price spread now: Bybit against Aevo+0.041%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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. Bybit is 0.041% dearer against Aevo than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAG-PERP	65.453	0.0136	pay 0.0017% / 1h	14m 08s	$47K	—	10x
Short	Bybit XAGUSDT	65.480	0.0124	get 0.0062% / 4h	2h 14m	$28.7M	$39.9M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$2.57
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.49
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.76 bp	6.3 bp −$6	9.1 bp −$91	19.3 bp −$1,926	62.0 bp −$31.0K

Aevo: 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	65.342	−0.170%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.450	−0.005%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.087%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.460	+0.010%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0002%	1h	65.280	−0.265%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.422	−0.048%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.399	−0.083%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.441	−0.019%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.395	−0.090%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.446%	$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
Phoenix SILVER	+0.0036%	1h	65.388	−0.100%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	−0.066%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.824	+0.566%	—	—	25x	as long as short
Gate XAG_USDT	+0.0050%	4h	65.480	+0.041%	$144.8M	$178.2M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.364	−0.136%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.397	−0.086%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.380	−0.112%	$156K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.382	−0.109%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.420	−0.051%	$476K	$29.0M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0080%	1h	65.427	−0.040%	$170.6M	$82.5M	25x	as long as short
Aster XAGUSDT	+0.0090%	4h	65.469	+0.024%	$2.7M	$953K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.335	−0.181%	$466K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.430	−0.036%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.380	−0.112%	$112K	$30K	50x	as long as short
Bybit XAGUSDTshort	+0.0124%	4h	65.480	+0.041%	$28.7M	$39.9M	150x
Lighter XAG	+0.0128%	1h	65.456	+0.004%	$5.3M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	−0.060%	$5.5M	$9.6M	—	as long as short
Aevo XAG-PERPlong	+0.0136%	1h	65.453	long leg	$47K	—	10x
MEXC SILVER_USDT	+0.0140%	4h	65.460	+0.010%	$120.9M	$160.6M	1000x	as long as short
Binance XAGUSDT	+0.0141%	4h	65.460	+0.010%	$189.6M	$747.9M	100x	as long as short
edgeX XAGUSDC	+0.0156%	4h	65.411	−0.065%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.365	−0.135%	$1.3M	$5.6M	10x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	65.383	−0.107%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.463%	$1.6M	$1.3M	20x	as long as short
Hibachi XAG/USDT-P	+0.0192%	1h	65.300	−0.234%	$20K	$19K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0198%	4h	65.408	−0.070%	$385K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.390	−0.097%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0212%	4h	65.470	+0.025%	$23.7M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.470	+0.025%	$27.9M	$70.0M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.470	+0.025%	$43K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0361%	1h	65.460	+0.010%	$66K	$372K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.465	+0.018%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0382%	4h	65.390	−0.097%	$2.6M	$628K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.416	−0.058%	$913K	$756K	25x	as long as short