Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.017%

Price spread now: Binance against Aftermath Perps+0.117%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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. Binance is 0.117% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	66.102	0.0229	pay 0.0029% / 1h	43m 03s	$79K	$37K	10x
Short	Binance XAGUSDT	66.179	0.0211	get 0.0105% / 4h	43m 03s	$192.9M	$702.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.117%Rate

Funding earned: −$3.96
Price spread: +0.117% → 0.000%: $11.73
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.23
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 16 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	9.0 bp −$899	22.2 bp −$11.1K

Aftermath Perps: 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	66.085	−0.025%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.180	+0.119%	$150.2M	$163.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.200	+0.149%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.149%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.149%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.107	+0.007%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.159	+0.086%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.103	+0.003%	$5.2M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.451%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.139	+0.057%	$35K	$21K	20x	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	66.150	+0.073%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.594	+0.745%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	+0.053%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.104	+0.004%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.060	−0.063%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.150	+0.073%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.069	−0.049%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.144	+0.064%	$523K	$25.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.120	+0.028%	$470K	$616K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	+0.058%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.002%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0130%	1h	66.135	+0.050%	$165.5M	$73.9M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.175	+0.111%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0140%	4h	66.170	+0.103%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0146%	8h	66.160	+0.088%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0146%	4h	66.190	+0.134%	$26.7M	$36.0M	150x	as long as short
Nado XAG-PERP	+0.0185%	1h	66.128	+0.040%	$1.3M	$6.5M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.174	+0.110%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0196%	4h	66.123	+0.032%	$5.6M	$9.7M	—	as long as short
Lighter XAG	+0.0200%	1h	66.171	+0.104%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.043%	$1.8M	$1.0M	20x	as long as short
MEXC SILVER_USDT	+0.0208%	4h	66.170	+0.103%	$108.9M	$152.4M	1000x	as long as short
Binance XAGUSDTshort	+0.0211%	4h	66.179	+0.117%	$192.9M	$702.6M	100x
edgeX XAGUSDC	+0.0212%	4h	66.102	0.000%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0225%	4h	66.170	+0.103%	$2.6M	$554K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0227%	8h	66.180	+0.119%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSDlong	+0.0229%	1h	66.102	long leg	$79K	$37K	10x
Bitget XAGUSDT	+0.0252%	4h	66.180	+0.119%	$23.9M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.163	+0.093%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0312%	1h	66.181	+0.120%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	66.128	+0.040%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	+0.088%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0371% / S −0.0404%	1h	66.185	+0.126%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.147	+0.069%	$913K	$676K	25x	as long as short