Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.002%

Price spread now: Aevo against Binance−0.036%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.036% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.347	0.0185	pay 0.0093% / 4h	2h 04m	$192.4M	$707.3M	100x
Short	Aevo XAG-PERP	66.323	0.0168	get 0.0021% / 1h	4m 07s	$48K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: −$3.58
Price spread: −0.036% → 0.000%: −$3.64
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$33.23
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Aevo: 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 Binance live order book, 10 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$835	23.5 bp −$11.8K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 43 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	66.245	−0.154%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.280	−0.101%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	+0.005%	$152.0M	$165.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	−0.010%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.370	+0.035%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.340	−0.010%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.261	−0.129%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.312	−0.053%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.261	−0.130%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.080%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.320	−0.040%	$798K	$2.9M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.260	−0.131%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.762	+0.626%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.266	−0.122%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.307	−0.060%	$3.9M	$671K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.257	−0.135%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.360	+0.020%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.288	−0.089%	$550K	$24.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.370	+0.035%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.306	−0.061%	$165.9M	$75.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.301	−0.069%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.280	−0.101%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.116%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.335	−0.017%	$2.7M	$937K	100x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.341	−0.008%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0150%	4h	66.360	+0.020%	$26.7M	$36.5M	150x	as long as short
Aevo XAG-PERPshort	+0.0168%	1h	66.323	−0.036%	$48K	—	10x
Variational Omni XAG	+0.0170%	4h	66.313	−0.050%	$5.5M	$9.8M	—	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.330	−0.025%	$111.1M	$159.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.280	−0.101%	$1.9M	$970K	20x	as long as short
Binance XAGUSDTlong	+0.0185%	4h	66.347	long leg	$192.4M	$707.3M	100x
Lighter XAG	+0.0192%	1h	66.325	−0.033%	$5.3M	$10.7M	25x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.297	−0.075%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	66.340	−0.010%	$27.8M	$66.0M	50x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.308	−0.059%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.265	−0.124%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.297	−0.075%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.340	−0.010%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0262%	4h	66.279	−0.102%	$392K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.346	−0.002%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0325% / S −0.0333%	1h	66.335	−0.018%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.310	−0.055%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.306	−0.062%	$765K	$478K	25x	as long as short