Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.030%
Price spread now: Coinbase International against Aster−0.123%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.206%+$21 on $10k
Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.123%, 7d avg −0.031%
Together, before fees+0.390%+ Points / potential airdropAster: Stage 5 · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.092% cheaper against Aster than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.031%). If the spread goes back, that is −$9 on $10k: about 3.4 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XAGUSDT66.0610.0119pay 0.0060% / 4h3h 01m$2.7M$871K100x
ShortCoinbase International SILVER-PERP-INTX65.9800.0208get 0.0026% / 1h1m 55s$1.8M$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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

Funding earned
$18.66
Price spread: −0.123% → −0.031%
−$9.17
Slippage, 4 orders
−$3.26
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$11.77
Costs to cover
0.213%
Break-even
11.4 days
Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago0.76 bp4.8 bp −$56.3 bp −$6315.2 bp −$1,520doesn't fit
Sell Coinbase International live order book, 2 min ago0.76 bp6.0 bp −$68.5 bp −$85doesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0050%1h65.940−0.183%$5.7M$9.2M25xas long as short
dYdX XAG-USD0.0000%1h65.989−0.110%$14K$665xas long as short
SunX XAG-USDT0.0000%4h66.070+0.014%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h66.100+0.059%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.070+0.014%$1.5M$317K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.001−0.091%$120K250xas long as short
Lighter RH XAG+0.0032%1h66.053−0.012%$4.8M$9.6M25xas long as short
Extended XAG-USD+0.0032%1h65.991−0.105%$5.2M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.513%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.080+0.029%$795K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.482+0.637%25xas long as short
Gate XAG_USDT+0.0046%4h66.060−0.001%$149.8M$164.5M100xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.027−0.051%$3.9M$676K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.995−0.100%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0055%8h66.047−0.021%$30K$1K5xas long as short
QFEX SILVER-USD+0.0060%1h66.040−0.032%$114K$2.7M20xas long as short
tradeXYZ xyz:SILVER+0.0060%1h66.025−0.054%$166.3M$73.9M25xas long as short
Phoenix SILVER+0.0073%1h65.995−0.100%$56K$26K25xas long as short
Kalshi KXSILVERPERP+0.0074%24h66.027−0.051%$530K$26.7M8.1xas long as short
Hotstuff SILVER-PERP+0.0080%1h66.032−0.044%$35K$21K20xas long as short
RISEx XAG/USDC+0.0080%1h66.066+0.007%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h66.000−0.093%$469K$604K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.020−0.062%$24.4M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.990−0.107%$113K$30K50xas long as short
Bybit XAGUSDT+0.0104%4h66.070+0.014%$27.8M$36.4M150xas long as short
Aster XAGUSDTlong+0.0119%4h66.061long leg$2.7M$871K100x
Lighter XAG+0.0120%1h66.055−0.009%$5.2M$10.9M25xas long as short
Variational Omni XAG+0.0164%4h66.053−0.011%$5.7M$9.5Mas long as short
Aevo XAG-PERP+0.0168%1h66.050−0.016%$47K10xas long as short
MEXC SILVER_USDT+0.0172%4h66.050−0.017%$115.2M$152.9M1000xas long as short
Binance XAGUSDT+0.0172%4h66.060−0.001%$191.1M$702.8M100xas long as short
edgeX XAGUSDC+0.0183%4h66.054−0.011%$670K$311K30xas long as short
Nado XAG-PERP+0.0187%1h66.017−0.066%$1.4M$5.8M10xas long as short
Aftermath Perps XAGUSD+0.0199%1h66.029−0.049%$79K$36K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0204%1h66.040−0.032%$75K$363K20xas long as short
Coinbase International SILVER-PERP-INTXshort+0.0208%1h65.980−0.123%$1.8M$1.0M20x
GRVT XAG_USDT_Perp+0.0210%4h66.073+0.018%$395K$1.5M25xas long as short
BloFin XAG-USDT+0.0221%4h66.040−0.032%$2.6M$570K100xas long as short
OKX XAG-USDT-SWAP+0.0223%8h66.060−0.001%$27.8M$64.6M50xas long as short
Bitget XAGUSDT+0.0226%4h66.050−0.017%$23.9M$44.9M100xas long as short
Bullet SILVER-USD+0.0237%1h66.074+0.020%$44K$75K10xas long as short
Hibachi XAG/USDT-P+0.0304%1h66.042−0.029%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0388% / S −0.0440%1h66.065+0.006%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0624%1h66.032−0.044%$911K$685K25xas long as short