Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.043%

Price spread now: Ondo Perps against Binance−0.113%7-day average −0.178% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 2 days (all we have)−0.167%−$17 · spread now −0.113%, 7d avg −0.178%

Together, before fees−0.249%+ Points / potential airdropOndo Perps: Active · farm board−$25 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: Ondo Perps is 0.065% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.105	0.0052	pay 0.0026% / 4h	1h 59m	$190.2M	$783.4M	100x
Short	Ondo Perps XAG-USD.P	66.030	0.0050	get 0.0006% / 1h	59m 56s	$5.4M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$0.39
Price spread: −0.113% → −0.178%: $6.51
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$8.88
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	11.5 bp −$1,150	27.2 bp −$13.6K
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 42 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
Hotstuff SILVER-PERP	−0.0112%	1h	66.028	−0.116%	$35K	$21K	20x	as long as short
Nado XAG-PERP	−0.0001%	1h	66.081	−0.035%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	−0.072%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.090	−0.022%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	−0.022%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	−0.088%	$392K	$1.6M	25x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	−0.007%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.038%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.008%	$1.5M	$248K	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.106	+0.002%	$44K	$74K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAGUSD	+0.0010%	1h	66.042	−0.095%	$79K	$40K	10x	as long as short
Bitget XAGUSDT	+0.0012%	4h	66.090	−0.022%	$23.6M	$51.7M	100x	as long as short
Aster XAGUSDT	+0.0012%	4h	66.053	−0.079%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.069	−0.053%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.069	−0.055%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.030	−0.113%	$5.3M	$14.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.447%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.113%	$790K	$2.8M	40x	as long as short
Variational Omni XAG	+0.0045%	4h	66.103	−0.003%	$5.3M	$11.1M	—	as long as short
Vest SI-PERP	+0.0046%	1h	66.535	+0.651%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.036	−0.104%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	−0.037%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.043	−0.093%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.020	−0.128%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	66.030	−0.113%	$5.4M	$9.7M	25x
Binance XAGUSDTlong	+0.0052%	4h	66.105	long leg	$190.2M	$783.4M	100x
edgeX XAGUSDC	+0.0052%	4h	66.085	−0.030%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.054	−0.077%	$638K	$21.7M	8.1x	as long as short
BloFin XAG-USDT	+0.0058%	4h	66.050	−0.083%	$2.6M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.089	−0.024%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	−0.130%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.080	−0.037%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.086	−0.028%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.047	−0.087%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.083%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.113%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0142%	8h	66.110	+0.008%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.060	−0.068%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.001%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.105	0.000%	$1.3M	$4.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0507%	1h	66.110	+0.008%	$76K	$347K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.083	−0.033%	$776K	$610K	25x	as long as short