Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.025%

Price spread now: Coinbase International against Binance−0.076%7-day average −0.031% · 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−$29as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.076%, 7d avg −0.031%

Together, before fees+0.465%+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.220	0.0190	pay 0.0095% / 4h	1h 12m	$191.9M	$705.8M	100x
Short	Coinbase International SILVER-PERP-INTX	66.170	0.0192	get 0.0024% / 1h	12m 20s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0.44
Price spread: −0.076% → −0.031%: −$4.43
Slippage, 4 orders: −$4.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.37
Costs to cover: 0.244%
Break-even: 461.7 days

Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 1 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 Binance live order book, 2 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	8.6 bp −$860	22.1 bp −$11.0K
Sell Coinbase International live order book, 1 min ago	0.75 bp	5.8 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit

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	66.212	−0.013%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.230	+0.015%	$149.8M	$165.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.220	0.000%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	−0.045%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.146	−0.112%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.221	+0.002%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.141	−0.119%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.209	−0.017%	$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
StandX XAG-USD	+0.0040%	1h	66.210	−0.015%	$796K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.660	+0.664%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.177	−0.065%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.106	−0.172%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.121%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.210	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.207	−0.020%	$543K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.217	−0.005%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0092%	1h	66.182	−0.057%	$165.9M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.172	−0.072%	$471K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	+0.076%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.230	+0.015%	$26.9M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0125%	8h	66.226	+0.008%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0127%	4h	66.220	0.000%	$2.7M	$874K	100x	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.280	+0.091%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.202	−0.028%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0180%	4h	66.272	+0.079%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.230	+0.015%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.218	−0.003%	$5.2M	$10.5M	25x	as long as short
Binance XAGUSDTlong	+0.0190%	4h	66.220	long leg	$191.9M	$705.8M	100x
MEXC SILVER_USDT	+0.0190%	4h	66.210	−0.015%	$106.1M	$153.9M	1000x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0192%	1h	66.170	−0.076%	$1.8M	$1.0M	20x
edgeX XAGUSDC	+0.0202%	4h	66.279	+0.089%	$672K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.210	−0.015%	$27.8M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0219%	1h	66.183	−0.056%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	66.226	+0.009%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.200	−0.030%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0260%	4h	66.300	+0.121%	$390K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0270%	1h	66.226	+0.009%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.198	−0.033%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.190	−0.045%	$50K	$322K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0357% / S −0.0382%	1h	66.225	+0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.172	−0.072%	$913K	$671K	25x	as long as short