Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.034%

Price spread now: SunX against Aevo−0.006%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on SunX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAG-PERP	66.464	0.0136	pay 0.0017% / 1h	41m 54s	$48K	—	10x
Short	SunX XAG-USDT	66.460	0	get 0.0000% / 4h	2h 41m	$2K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$28.56
Price spread: −0.006% → 0.000%: −$0.61
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.17
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	29.29 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

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
Hotstuff SILVER-PERP	−0.0032%	1h	66.421	−0.065%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.062%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.470	+0.009%	$154.5M	$161.8M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.460	−0.006%	$2K	$2.8M	20x
HTX XAG-USDT	0.0000%	4h	66.510	+0.069%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.490	+0.039%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.412	−0.078%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.460	−0.005%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.408	−0.084%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.096%	$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
StandX XAG-USD	+0.0040%	1h	66.560	+0.144%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.683%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.479	+0.023%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.427	−0.056%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.400	−0.096%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.157%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.450	−0.021%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.426	−0.057%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0061%	4h	66.500	+0.054%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.468	+0.006%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.443	−0.032%	$165.9M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.402	−0.093%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.051%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.039%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.159%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.480	+0.024%	$2.8M	$991K	100x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	66.448	−0.024%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0124%	4h	66.565	+0.151%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERPlong	+0.0136%	1h	66.464	long leg	$48K	—	10x
edgeX XAGUSDC	+0.0140%	4h	66.523	+0.088%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.480	+0.024%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	66.476	+0.018%	$192.9M	$708.0M	100x	as long as short
Lighter XAG	+0.0160%	1h	66.481	+0.025%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.084%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.480	+0.024%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.480	+0.024%	$24.4M	$45.9M	100x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.412	−0.079%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.479	+0.022%	$80K	$38K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.190%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.479	+0.023%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.493	+0.043%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	+0.032%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	−0.021%	$50K	$324K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.429	−0.052%	$766K	$491K	25x	as long as short