Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.026%

Price spread now: Bybit against Aftermath Perps+0.125%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 Bybit

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. Bybit is 0.125% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	66.367	0.0227	pay 0.0028% / 1h	22m 47s	$80K	$38K	10x
Short	Bybit XAGUSDT	66.450	0.0120	get 0.0060% / 4h	2h 22m	$26.6M	$36.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$22.66
Price spread: +0.125% → 0.000%: $12.55
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.11
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.75 bp	6.3 bp −$6	8.4 bp −$84	12.9 bp −$1,293	57.6 bp −$28.8K

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 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	66.308	−0.089%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	+0.110%	$152.8M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	+0.035%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.440	+0.110%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.110%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.326	−0.062%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.335	−0.048%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.405	+0.058%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.361	−0.009%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.050%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.400	+0.050%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.824	+0.689%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.309	−0.087%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.362	−0.007%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.325	−0.063%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.270	−0.146%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.370	+0.005%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.354	−0.019%	$568K	$23.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.385	+0.028%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0100%	1h	66.381	+0.022%	$165.7M	$75.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.321	−0.069%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	+0.035%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.290	−0.116%	$126K	$23K	50x	as long as short
Bybit XAGUSDTshort	+0.0120%	4h	66.450	+0.125%	$26.6M	$36.4M	150x
Aster XAGUSDT	+0.0127%	4h	66.430	+0.095%	$2.8M	$944K	100x	as long as short
Paradex XAG-USD-PERP	+0.0130%	8h	66.370	+0.005%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0150%	4h	66.344	−0.034%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0160%	1h	66.395	+0.043%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0168%	4h	66.420	+0.080%	$102.7M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0171%	4h	66.440	+0.110%	$192.7M	$708.0M	100x	as long as short
edgeX XAGUSDC	+0.0183%	4h	66.379	+0.018%	$673K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.350	−0.025%	$1.9M	$969K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.413	+0.070%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0204%	8h	66.440	+0.110%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.325	−0.064%	$1.3M	$6.4M	10x	as long as short
Aftermath Perps XAGUSDlong	+0.0227%	1h	66.367	long leg	$80K	$38K	10x
Bitget XAGUSDT	+0.0242%	4h	66.440	+0.110%	$23.9M	$46.0M	100x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.322	−0.068%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0260%	4h	66.388	+0.032%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.403	+0.055%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.405	+0.058%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.380	+0.020%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.361	−0.009%	$765K	$478K	25x	as long as short