Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.011%

Price spread now: tradeXYZ against Binance−0.071%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 2 days (all we have)+0.016%+$2 · spread now −0.071%, 7d avg −0.057%

Together, before fees+0.086%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.409	0.0106	pay 0.0053% / 4h	36m 17s	$191.8M	$722.6M	100x
Short	tradeXYZ xyz:SILVER	66.362	0.0070	get 0.0009% / 1h	36m 17s	$165.4M	$86.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$7.59
Price spread: −0.071% → −0.057%: −$1.41
Slippage, 4 orders: −$2.64
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.64
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; tradeXYZ: live order book, 4 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, 8 min ago	0.75 bp	5.8 bp −$6	6.1 bp −$61	9.2 bp −$916	19.5 bp −$9,734
Sell tradeXYZ live order book, 4 min ago	0.15 bp	9.7 bp −$10	10.6 bp −$106	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	66.370	−0.060%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.031%	$25.9M	$33.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.400	−0.014%	$147.1M	$170.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.410	+0.001%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.062%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.460	+0.077%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.345	−0.096%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.417	+0.011%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.343	−0.100%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.014%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.418	+0.013%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.340	−0.104%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.848	+0.661%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.370	−0.059%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.342	−0.101%	$4K	$5K	20x	as long as short
BloFin XAG-USDT	+0.0050%	4h	66.430	+0.031%	$2.6M	$650K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.134%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.386	−0.035%	$592K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.410	+0.001%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVERshort	+0.0070%	1h	66.362	−0.071%	$165.4M	$86.9M	25x
Variational Omni XAG	+0.0095%	4h	66.427	+0.027%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0096%	4h	66.400	−0.014%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.379	−0.045%	$475K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.370	−0.059%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.360	−0.074%	$126K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.412	+0.004%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	66.420	+0.016%	$114.6M	$153.0M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.408	−0.002%	$48K	—	10x	as long as short
Binance XAGUSDTlong	+0.0106%	4h	66.409	long leg	$191.8M	$722.6M	100x
edgeX XAGUSDC	+0.0107%	4h	66.436	+0.041%	$674K	$314K	30x	as long as short
Lighter XAG	+0.0112%	1h	66.413	+0.006%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0126%	4h	66.410	+0.001%	$24.1M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0154%	1h	66.387	−0.033%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0158%	4h	66.470	+0.092%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	+0.016%	$1.9M	$847K	20x	as long as short
Hotstuff SILVER-PERP	+0.0184%	1h	66.388	−0.032%	$35K	$21K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.410	+0.001%	$27.6M	$66.0M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.420	+0.016%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0247%	1h	66.413	+0.006%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0258%	1h	66.346	−0.095%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.405	−0.006%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.387	−0.034%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.014%	$50K	$361K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.380	−0.044%	$767K	$566K	25x	as long as short