Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.012%

Price spread now: OKX against Aevo+0.061%50s7-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 OKX

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.061% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAG-PERP	66.340	0.0176	pay 0.0022% / 1h	54m 36s	$48K	—	10x
Short	OKX XAG-USDT-SWAP	66.380	0.0217	get 0.0217% / 8h	5h 54m	$27.9M	$65.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $8.65
Price spread: +0.061% → 0.000%: $6.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.29
Costs to cover: 0.260%
Break-even: 16.1 days

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.75 bp	5.8 bp −$6	6.5 bp −$65	12.2 bp −$1,224	73.1 bp −$36.6K

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 43 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	66.350	+0.015%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.046%	$152.3M	$161.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	+0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	+0.091%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.285	−0.083%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	+0.090%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.313	−0.041%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.091%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.370	+0.046%	$798K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	66.260	−0.120%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.818	+0.721%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.307	−0.049%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.347	+0.011%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.269	−0.107%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.360	+0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.307	−0.049%	$543K	$24.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.343	+0.005%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	+0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.015%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0107%	1h	66.376	+0.055%	$166.1M	$74.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.391	+0.076%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.390	+0.076%	$2.7M	$943K	100x	as long as short
Bybit XAGUSDT	+0.0149%	4h	66.390	+0.076%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.390	+0.076%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERPlong	+0.0176%	1h	66.340	long leg	$48K	—	10x
Variational Omni XAG	+0.0178%	4h	66.354	+0.021%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.380	+0.061%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.370	+0.046%	$111.6M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.330	−0.015%	$1.9M	$971K	20x	as long as short
Binance XAGUSDT	+0.0194%	4h	66.380	+0.061%	$192.3M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0207%	4h	66.410	+0.105%	$674K	$313K	30x	as long as short
OKX XAG-USDT-SWAPshort	+0.0217%	8h	66.380	+0.061%	$27.9M	$65.7M	50x
Hibachi XAG/USDT-P	+0.0224%	1h	66.309	−0.046%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.326	−0.022%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0247%	1h	66.313	−0.041%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.380	+0.061%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.106%	$399K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.363	+0.034%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0329% / S −0.0338%	1h	66.355	+0.023%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.055%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.330	−0.015%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.312	−0.043%	$765K	$478K	25x	as long as short