Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.015%

Price spread now: Lighter RH against Aster−0.014%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.014%, 7d avg −0.052%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.038% dearer against Aster than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.052%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.720	0.0120	pay 0.0060% / 4h	1h 55m	$2.7M	$1.1M	100x
Short	Lighter RH XAG	65.711	0.0032	get 0.0004% / 1h	55m 12s	$4.5M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$18.58
Price spread: −0.014% → −0.052%: $3.81
Slippage, 4 orders: −$6.36
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$29.12
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Lighter RH: live order book, 2 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, 1 min ago	0.76 bp	6.3 bp −$6	7.5 bp −$75	17.3 bp −$1,729	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.34 bp	1.4 bp −$1	2.1 bp −$21	16.2 bp −$1,624	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.286%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0010%	1h	65.620	−0.152%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	−0.105%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.760	+0.061%	$138.8M	$203.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.720	0.000%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.770	+0.076%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.720	0.000%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.594	−0.192%	$119K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	65.711	−0.014%	$4.5M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	65.679	−0.062%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.701%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	−0.061%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.152	+0.657%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.702	−0.027%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.665	−0.084%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.700	−0.030%	$447K	$1.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.700	−0.030%	$77K	$411K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0055%	1h	65.705	−0.023%	$174.8M	$94.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.715	−0.007%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	−0.064%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.728	+0.012%	$711K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.682	−0.058%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.690	−0.046%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.700	−0.030%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.700	−0.030%	$1.6M	$1.9M	20x	as long as short
Phoenix SILVER	+0.0110%	1h	65.621	−0.151%	$55K	$14K	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.700	−0.030%	$1.2M	$4.9M	20x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.710	−0.015%	$122.0M	$162.7M	1000x	as long as short
Binance XAGUSDT	+0.0119%	4h	65.730	+0.015%	$191.9M	$863.0M	100x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.714	−0.009%	$47K	—	10x	as long as short
Aster XAGUSDTlong	+0.0120%	4h	65.720	long leg	$2.7M	$1.1M	100x
edgeX XAGUSDC	+0.0134%	4h	65.652	−0.103%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0147%	1h	65.702	−0.028%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0150%	4h	65.689	−0.048%	$396K	$1.5M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.719	−0.002%	$5.1M	$11.6M	25x	as long as short
Bybit XAGUSDT	+0.0156%	4h	65.730	+0.015%	$30.5M	$48.0M	150x	as long as short
Bullet SILVER-USD	+0.0212%	1h	65.744	+0.037%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.730	+0.015%	$28.0M	$85.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.631	−0.135%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.730	+0.015%	$23.2M	$52.7M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0268% / S −0.0235%	1h	65.725	+0.008%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	65.661	−0.090%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0360%	4h	65.750	+0.046%	$2.7M	$772K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.703	−0.026%	$1.0M	$943K	25x	as long as short