Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.015%

Price spread now: Extended against Aster−0.101%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.101%, 7d avg −0.068%

Together, before fees+0.114%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.033% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.454	0.0086	pay 0.0043% / 4h	49m 22s	$2.8M	$1.1M	100x
Short	Extended XAG-USD	66.387	0.0032	get 0.0004% / 1h	49m 22s	$5.5M	$12.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$11.24
Price spread: −0.101% → −0.068%: −$3.31
Slippage, 4 orders: −$3.42
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.97
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Extended: live order book, 5 min ago.

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 Aster live order book, 4 min ago	0.75 bp	4.8 bp −$5	6.5 bp −$65	16.2 bp −$1,620	doesn't fit
Sell Extended live order book, 5 min ago	0.08 bp	4.3 bp −$4	5.7 bp −$57	10.9 bp −$1,086	doesn't fit

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	66.428	−0.039%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.460	+0.009%	$25.7M	$33.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	−0.022%	$147.3M	$169.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	+0.009%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.084%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.460	+0.009%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.383	−0.108%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.441	−0.020%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.387	−0.101%	$5.5M	$12.3M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.082%	$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
Phoenix SILVER	+0.0036%	1h	66.397	−0.086%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.082%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.888	+0.653%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.412	−0.064%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.382	−0.109%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.157%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.423	−0.047%	$592K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.440	−0.022%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.415	−0.059%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.410	−0.067%	$165.4M	$87.5M	25x	as long as short
BloFin XAG-USDT	+0.0083%	4h	66.470	+0.024%	$2.6M	$851K	100x	as long as short
Aster XAGUSDTlong	+0.0086%	4h	66.454	long leg	$2.8M	$1.1M	100x
Variational Omni XAG	+0.0086%	4h	66.457	+0.004%	$5.6M	$10.3M	—	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.440	−0.022%	$113.8M	$152.8M	1000x	as long as short
edgeX XAGUSDC	+0.0099%	4h	66.467	+0.020%	$674K	$315K	30x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.440	−0.022%	$191.6M	$729.4M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.391	−0.096%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.067%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.400	−0.082%	$126K	$26K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.449	−0.007%	$48K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0107%	8h	66.437	−0.025%	$30K	$1K	5x	as long as short
Bitget XAGUSDT	+0.0110%	4h	66.460	+0.009%	$24.2M	$48.0M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.440	−0.022%	$5.2M	$10.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0146%	1h	66.421	−0.050%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0150%	4h	66.464	+0.015%	$390K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.009%	$1.9M	$871K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0187%	8h	66.450	−0.007%	$27.6M	$66.5M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.450	−0.006%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.449	−0.008%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0251%	1h	66.395	−0.090%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.445	−0.014%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.418	−0.055%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.430	−0.037%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.423	−0.047%	$768K	$570K	25x	as long as short