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+0.0367%/8h= +40.1% APRpaid last 24h +0.059%
Price spread now: Deribit against Aster−0.030%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$180.180% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.114%+$11 on $10k
Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.030%, 7d avg −0.008%
Together, before fees+0.204%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of −0.008%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.114% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.114% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XAGUSDT66.1600.0140pay 0.0070% / 4h44m 34s$2.7M$877K100x
ShortDeribit SILVER_USDC-PERPETUAL66.1400.0507get 0.0063% / 1h44m 34s$62K$348K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$76.98
Price spread: −0.030% → −0.008%
−$2.17
Slippage, 4 orders
−$3.02
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$56.78
Costs to cover
0.180%
Break-even
1.8 days
Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 14 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, 4 min ago0.76 bp4.8 bp −$56.4 bp −$6415.8 bp −$1,576doesn't fit
Sell Deribit live order book, 14 min ago0.76 bp4.3 bp −$45.9 bp −$59doesn'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
dYdX XAG-USD0.0000%1h66.085−0.113%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.170+0.015%$150.2M$163.1M100xas long as short
SunX XAG-USDT0.0000%4h66.170+0.015%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.170+0.015%$1.0M$978K75xas long as short
Phemex XAGUSDT0.0000%4h66.180+0.030%$1.5M$314K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.085−0.113%$121K250xas long as short
Lighter RH XAG+0.0032%1h66.149−0.017%$4.8M$9.4M25xas long as short
Extended XAG-USD+0.0032%1h66.088−0.108%$5.2M$11.8M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.363%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.150−0.015%$796K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.592+0.653%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.136−0.036%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.083−0.116%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.040−0.181%$5.7M$9.6M25xas long as short
QFEX SILVER-USD+0.0054%1h66.150−0.015%$115K$2.7M20xas long as short
Phoenix SILVER+0.0060%1h66.069−0.138%$56K$26K25xas long as short
Hotstuff SILVER-PERP+0.0064%1h66.123−0.056%$35K$21K20xas long as short
Kalshi KXSILVERPERP+0.0067%24h66.115−0.068%$523K$25.3M8.1xas long as short
Pacifica XAG+0.0100%1h66.110−0.076%$470K$616K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.110−0.076%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.060−0.151%$113K$30K50xas long as short
tradeXYZ xyz:SILVER+0.0129%1h66.133−0.041%$165.4M$73.9M25xas long as short
RISEx XAG/USDC+0.0137%1h66.165+0.007%$1.3M$4.4M20xas long as short
Aster XAGUSDTlong+0.0140%4h66.160long leg$2.7M$877K100x
Paradex XAG-USD-PERP+0.0145%8h66.157−0.004%$30K$1K5xas long as short
Bybit XAGUSDT+0.0146%4h66.180+0.030%$26.7M$36.0M150xas long as short
Nado XAG-PERP+0.0188%1h66.107−0.080%$1.3M$6.5M10xas long as short
Lighter XAG+0.0192%1h66.152−0.012%$5.2M$10.5M25xas long as short
Aevo XAG-PERP+0.0192%1h66.153−0.011%$47K10xas long as short
Variational Omni XAG+0.0196%4h66.123−0.056%$5.6M$9.7Mas long as short
Coinbase International SILVER-PERP-INTX+0.0200%1h66.130−0.045%$1.8M$1.0M20xas long as short
MEXC SILVER_USDT+0.0206%4h66.170+0.015%$108.8M$152.3M1000xas long as short
Binance XAGUSDT+0.0208%4h66.176+0.024%$192.9M$702.8M100xas long as short
edgeX XAGUSDC+0.0212%4h66.102−0.088%$671K$315K30xas long as short
OKX XAG-USDT-SWAP+0.0225%8h66.180+0.030%$27.7M$65.6M50xas long as short
Aftermath Perps XAGUSD+0.0231%1h66.089−0.107%$79K$37K10xas long as short
BloFin XAG-USDT+0.0249%4h66.140−0.030%$2.6M$554K100xas long as short
Bitget XAGUSDT+0.0250%4h66.170+0.015%$23.9M$45.7M100xas long as short
GRVT XAG_USDT_Perp+0.0272%4h66.100−0.091%$389K$1.5M25xas long as short
Bullet SILVER-USD+0.0310%1h66.159−0.001%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0336%1h66.060−0.151%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0370% / S −0.0402%1h66.165+0.008%$103K111xas long as short
Kraken Futures PF_XAGUSD+0.0485%1h66.123−0.056%$912K$677K25xas long as short
Deribit SILVER_USDC-PERPETUALshort+0.0507%1h66.140−0.030%$62K$348K20x