Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.032%

Price spread now: dYdX against Binance−0.003%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 dYdX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.143	0.0212	pay 0.0106% / 4h	18m 02s	$192.4M	$700.6M	100x
Short	dYdX XAG-USD	66.141	0	get 0.0000% / 1h	18m 02s	$15K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$44.54
Price spread: −0.003% → 0.000%: −$0.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$64.86
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; dYdX: 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, 11 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.3 bp −$828	22.4 bp −$11.2K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-USDshort	0.0000%	1h	66.141	−0.003%	$15K	—	5x
Gate XAG_USDT	0.0000%	4h	66.150	+0.010%	$150.1M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	−0.005%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.041%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.010%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.068	−0.113%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.124	−0.029%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.071	−0.110%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.388%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.056%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0041%	1h	66.060	−0.126%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.586	+0.670%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.109	−0.052%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.070	−0.111%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.140	−0.005%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	0.000%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.110	−0.050%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.104	−0.060%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.050%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.035%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.111	−0.049%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.160	+0.025%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.135	−0.012%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.145	+0.003%	$2.7M	$878K	100x	as long as short
Bybit XAGUSDT	+0.0162%	4h	66.160	+0.025%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.129	−0.021%	$5.2M	$10.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0184%	1h	66.151	+0.012%	$35K	$21K	20x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.147	+0.006%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.041%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.060%	$5.6M	$9.6M	—	as long as short
Nado XAG-PERP	+0.0206%	1h	66.136	−0.012%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.140	−0.005%	$110.2M	$152.8M	1000x	as long as short
Binance XAGUSDTlong	+0.0212%	4h	66.143	long leg	$192.4M	$700.6M	100x
Aftermath Perps XAGUSD	+0.0218%	1h	66.129	−0.022%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	+0.066%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.140	−0.005%	$27.7M	$65.1M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	+0.086%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.150	+0.010%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	+0.084%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.148	+0.007%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	−0.035%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.140	−0.005%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.145	+0.003%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.108	−0.052%	$913K	$681K	25x	as long as short