Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / RWA

XAG

RWAAll XAG markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AvantisXAG/USD
61.004L +0.0049S +0.0025pay 0.0006% / 1h56m 45s$1.4M—75xLong Avantis
SHORT
Lighter RHXAG
61.076+0.0032get 0.0004% / 1h56m 45s$4.1M$10.0M25xShort Lighter RH
Price gap+0.119%
Funding gap−0.0017% /8h

Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.026% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.0017% /8h now · paid +0.031% over the last 7D
Price−$3spread +0.119% now, avg +0.144% → −0.026% if it goes back
Costsno datano order book for Avantis
Result, before costs+$1+0.01%+ Points / potential airdropAvantis: Season 3 · Lighter RH: Points live · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.119%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 46 exchanges

lowest funding first

Before you open

3 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$133 + $400
    Avantis 75x, Lighter RH 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$0.50Long Avantis: 24 payments, −$1.46; short Lighter RH: 24 payments, +$0.96.
  • Watch: Gap narrower than usual+0.119% vs +0.144%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Long leg is thinner$1.4M vs $4.1M OI
    Both legs are deep; Avantis is the smaller one.
  • OK: Points on a legAvantis Season 3 · Lighter RH Points live
    Volume here counts toward the points program.
  • OK: No KYC on either legAvantis No · Lighter RH No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0015%/8h × 21 periods+$3.14
Price spread+0.119% → +0.144% (7d avg)−$2.59
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$8.00
Fee Lighter RH bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$7.45
Costs to cover0.080%Break-even23.6 days
Slippage: Avantis: no order-book sample; Lighter RH: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTLighter RH1.311.3 bp−$11.7 bp−$179.9 bp−$991doesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →
09-30 18:40HotstuffListingSILVER-PERP no longer reported ($XAG) seen by our collector
09-30 07:14AsterListingnew market SIUSDT ($XAG) seen by our collector
09-30 03:46GateListingnew market SI_USDT ($XAG) seen by our collector
09-28 15:17Ondo PerpsProductIntroducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-26 13:03MEXCListingnew market SI_USDT ($XAG) seen by our collector
09-24 04:18BingXListingnew market SI-USDT ($XAG) seen by our collector