Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.6% APRpaid last 24h +0.051%

Price spread now: Hibachi against Aster+0.048%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hibachi is 0.048% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.078	0.0144	pay 0.0072% / 4h	15m 21s	$2.7M	$881K	100x
Short	Hibachi XAG/USDT-P	66.110	0.0368	get 0.0046% / 1h	15m 21s	$20K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.048%Rate

Funding earned: $47.13
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $34.93
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 3 min ago; Hibachi: no order-book sample. 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 Aster live order book, 3 min ago	0.76 bp	4.8 bp −$5	6.2 bp −$62	15.5 bp −$1,551	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	66.018	−0.091%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.033%	$150.1M	$163.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.124%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	+0.124%	$1.0M	$972K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.108%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.089%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.053	−0.038%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.013	−0.099%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.487%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0040%	1h	66.040	−0.058%	$5.7M	$9.6M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.057	−0.032%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	+0.139%	$796K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.525	+0.676%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.056	−0.034%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.101	+0.034%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.080	+0.003%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.108	+0.045%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.122	+0.066%	$546K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.027	−0.078%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.060	−0.028%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.063%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0124%	1h	66.054	−0.037%	$165.8M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.079	0.000%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.075	−0.005%	$30K	$1K	5x	as long as short
Aster XAGUSDTlong	+0.0144%	4h	66.078	long leg	$2.7M	$881K	100x
Bybit XAGUSDT	+0.0163%	4h	66.110	+0.048%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.078	0.000%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.081	+0.003%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.139%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.129%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0208%	1h	66.033	−0.068%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.080	+0.003%	$109.8M	$152.8M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.092	+0.021%	$192.3M	$700.3M	100x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.093	+0.022%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0224%	4h	66.144	+0.099%	$671K	$312K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.090	+0.018%	$27.7M	$65.1M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.080	+0.003%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0256%	4h	66.150	+0.108%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.174	+0.144%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.093	+0.023%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.150	+0.108%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-Pshort	+0.0368%	1h	66.110	+0.048%	$20K	$19K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.095	+0.025%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.135	+0.086%	$913K	$681K	25x	as long as short