Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.018%

Price spread now: MEXC against Aftermath Perps+0.001%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	64.769	0.0219	pay 0.0027% / 1h	27m 05s	$78K	$37K	10x
Short	MEXC SILVER_USDT	64.770	0.0056	get 0.0028% / 4h	3h 27m	$121.1M	$159.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$34.28
Price spread: +0.001% → 0.000%: $0.14
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$43.14
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; MEXC: live order book, 7 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 MEXC live order book, 7 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$77	4.3 bp −$2,165

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	64.673	−0.149%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	64.790	+0.032%	$139.1M	$185.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	64.800	+0.048%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.800	+0.048%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.790	+0.032%	$1.5M	$337K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.663	−0.164%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0017%	4h	64.834	+0.101%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.781	+0.018%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.695	−0.114%	$5.0M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.518%	$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	64.720	−0.076%	$778K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.150	+0.588%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.740	−0.045%	$447K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.665	−0.161%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.703	−0.102%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.670	−0.153%	$5.6M	$9.9M	25x	as long as short
MEXC SILVER_USDTshort	+0.0056%	4h	64.770	+0.001%	$121.1M	$159.0M	1000x
edgeX XAGUSDC	+0.0058%	4h	64.839	+0.108%	$660K	$315K	30x	as long as short
Binance XAGUSDT	+0.0058%	4h	64.778	+0.013%	$196.4M	$782.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	64.749	−0.031%	$29K	$166	5x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.749	−0.030%	$46K	—	10x	as long as short
Aster XAGUSDT	+0.0078%	4h	64.777	+0.013%	$2.6M	$1.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.740	−0.045%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0086%	24h	64.761	−0.012%	$490K	$35.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.736	−0.051%	$34K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.712	−0.088%	$462K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.730	−0.060%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.810	+0.063%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.767	−0.003%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0128%	1h	64.751	−0.028%	$172.7M	$88.8M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.730	−0.060%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0160%	4h	64.830	+0.094%	$386K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	64.719	−0.077%	$1.2M	$4.2M	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	64.790	+0.032%	$23.5M	$47.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	64.780	+0.017%	$28.7M	$74.6M	50x	as long as short
Aftermath Perps XAGUSDlong	+0.0219%	1h	64.769	long leg	$78K	$37K	10x
Lighter XAG	+0.0224%	1h	64.776	+0.010%	$5.2M	$11.1M	25x	as long as short
Bybit XAGUSDT	+0.0224%	4h	64.800	+0.048%	$29.9M	$43.4M	150x	as long as short
BloFin XAG-USDT	+0.0232%	4h	64.770	+0.001%	$2.7M	$668K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.775	+0.009%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0296%	1h	64.781	+0.018%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.664	−0.162%	$19K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0368%	1h	64.760	−0.014%	$76K	$432K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	64.745	−0.037%	$1.0M	$894K	25x	as long as short