Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.023%

Price spread now: Lighter against Aster−0.016%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$110.106% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.016%, 7d avg −0.033%

Together, before fees+0.171%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.480	0.0089	pay 0.0045% / 4h	42m 59s	$2.8M	$1.1M	100x
Short	Lighter XAG	66.469	0.0112	get 0.0014% / 1h	42m 59s	$5.2M	$10.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.016%Rate

Funding earned: $4.73
Price spread: −0.016% → −0.033%: $1.69
Slippage, 4 orders: −$2.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.22
Costs to cover: 0.106%
Break-even: 13.3 days

Slippage from Aster: live order book, 6 min ago; Lighter: 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, 6 min ago	0.75 bp	4.8 bp −$5	6.3 bp −$63	14.5 bp −$1,448	doesn't fit
Sell Lighter live order book, 5 min ago	0.35 bp	0.4 bp $0	1.0 bp −$10	4.6 bp −$461	17.2 bp −$8,587

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	66.370	−0.166%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	+0.030%	$25.7M	$33.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	0.000%	$147.4M	$169.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	−0.030%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.490	+0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.490	+0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.406	−0.111%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.469	−0.017%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.416	−0.096%	$5.5M	$12.3M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.417	−0.095%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.120%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.371	−0.164%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.390	−0.135%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.890	+0.617%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.420	−0.090%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.407	−0.110%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.241%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.104%	$590K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.450	−0.045%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	66.449	−0.047%	$165.6M	$87.6M	25x	as long as short
Variational Omni XAG	+0.0088%	4h	66.467	−0.020%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDTlong	+0.0089%	4h	66.480	long leg	$2.8M	$1.1M	100x
Pacifica XAG	+0.0100%	1h	66.394	−0.129%	$475K	$625K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.470	−0.015%	$114.3M	$152.9M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.090%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.165%	$126K	$26K	50x	as long as short
Binance XAGUSDT	+0.0101%	4h	66.490	+0.015%	$192.0M	$722.4M	100x	as long as short
BloFin XAG-USDT	+0.0101%	4h	66.470	−0.015%	$2.6M	$650K	100x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.440	−0.059%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.457	−0.035%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.443	−0.056%	$674K	$316K	30x	as long as short
Lighter XAGshort	+0.0112%	1h	66.469	−0.016%	$5.2M	$10.3M	25x
Bitget XAGUSDT	+0.0118%	4h	66.490	+0.015%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0146%	1h	66.417	−0.095%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0154%	4h	66.424	−0.084%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	−0.030%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.480	0.000%	$27.6M	$66.3M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.459	−0.031%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0244%	1h	66.473	−0.011%	$46K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.408	−0.108%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.475	−0.008%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.384	−0.144%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	−0.030%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.436	−0.066%	$768K	$566K	25x	as long as short