Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.032%

Price spread now: Ondo Perps against Aster−0.198%7-day average −0.165% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.198%, 7d avg −0.165%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps 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 −0.165%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.680	0.0138	pay 0.0069% / 4h	3h 02m	$2.7M	$1.1M	100x
Short	Ondo Perps XAG-USD.P	65.550	0.0050	get 0.0006% / 1h	2m 18s	$5.7M	$10.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$18.45
Price spread: −0.198% → −0.165%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34.77
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Ondo Perps: 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, 1 min ago	1.52 bp	5.5 bp −$6	7.0 bp −$70	24.2 bp −$2,420	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	65.588	−0.139%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.680	0.000%	$138.3M	$194.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.690	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.670	−0.015%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.623	−0.087%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.664	−0.024%	$4.5M	$10.1M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.617	−0.096%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.641%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.550	−0.198%	$788K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.090	+0.624%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.630	−0.076%	$436K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.634	−0.070%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.620	−0.091%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	65.550	−0.198%	$5.7M	$10.2M	25x
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.530	−0.228%	$1.6M	$1.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0080%	8h	65.641	−0.060%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0081%	4h	65.604	−0.115%	$5.4M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.642	−0.058%	$661K	$36.1M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.613	−0.103%	$467K	$590K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.640	−0.061%	$25.4M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	−0.137%	$112K	$19K	50x	as long as short
Hotstuff SILVER-PERP	+0.0104%	1h	65.649	−0.047%	$35K	$22K	20x	as long as short
Phoenix SILVER	+0.0111%	1h	65.561	−0.181%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.660	−0.030%	$115.0M	$164.2M	1000x	as long as short
tradeXYZ xyz:SILVER	+0.0124%	1h	65.628	−0.079%	$174.6M	$92.1M	25x	as long as short
Binance XAGUSDT	+0.0125%	4h	65.670	−0.015%	$195.5M	$821.2M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.650	−0.045%	$47K	—	10x	as long as short
Aster XAGUSDTlong	+0.0138%	4h	65.680	long leg	$2.7M	$1.1M	100x
edgeX XAGUSDC	+0.0143%	4h	65.604	−0.115%	$668K	$314K	30x	as long as short
Nado XAG-PERP	+0.0151%	1h	65.628	−0.079%	$1.3M	$4.1M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.601	−0.120%	$1.2M	$4.9M	20x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.484	−0.299%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.660	−0.030%	$77K	$440K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.670	−0.015%	$28.4M	$80.9M	50x	as long as short
Lighter XAG	+0.0224%	1h	65.669	−0.017%	$5.1M	$12.2M	25x	as long as short
Bitget XAGUSDT	+0.0236%	4h	65.680	0.000%	$23.1M	$49.2M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.675	−0.008%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0309%	1h	65.665	−0.023%	$45K	$75K	10x	as long as short
Bybit XAGUSDT	+0.0313%	4h	65.690	+0.015%	$30.7M	$45.0M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0350%	4h	65.590	−0.137%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.640	−0.061%	$2.7M	$710K	100x	as long as short
Hibachi XAG/USDT-P	+0.0400%	1h	65.506	−0.265%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0415%	1h	65.642	−0.059%	$1.0M	$893K	25x	as long as short