Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.010%

Price spread now: Aftermath Perps against Bitget−0.484%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 $0 a day on $10k at the current rate, and Aftermath Perps is 0.484% cheaper against Bitget than usual: you would sell low and buy high (−$48 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	Bitget XAGUSDT	65.310	0.0226	pay 0.0113% / 4h	3h 15m	$23.0M	$48.3M	100x
Short	Aftermath Perps XAGUSD	64.994	0.0210	get 0.0026% / 1h	15m 50s	$78K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now −0.484%Rate

Funding earned: −$3.35
Price spread: −0.484% → 0.000%: −$48.42
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$72.77
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Aftermath 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 Bitget live order book, 3 min ago	0.77 bp	6.8 bp −$7	9.2 bp −$92	16.4 bp −$1,640	25.8 bp −$12.9K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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 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	65.213	−0.148%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.320	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.300	−0.015%	$1.5M	$262K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.174	−0.208%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0020%	4h	65.310	0.000%	$138.1M	$189.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.288	−0.033%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.209	−0.155%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.084%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.190	−0.184%	$784K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.702	+0.600%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.290	−0.031%	$447K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.263	−0.072%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.234	−0.116%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.140	−0.260%	$5.7M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0071%	4h	65.336	+0.039%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	65.269	−0.063%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.280	−0.046%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0088%	24h	65.305	−0.008%	$491K	$35.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.236	−0.113%	$464K	$587K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.250	−0.092%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.597%	$111K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0103%	4h	65.057	−0.387%	$663K	$315K	30x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.311	+0.002%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0108%	4h	65.290	−0.031%	$113.4M	$161.0M	1000x	as long as short
Phoenix SILVER	+0.0111%	1h	65.136	−0.266%	$56K	$31K	25x	as long as short
Binance XAGUSDT	+0.0113%	4h	65.310	0.000%	$197.8M	$805.9M	100x	as long as short
Aster XAGUSDT	+0.0127%	4h	65.280	−0.046%	$2.7M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0136%	1h	65.262	−0.073%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0137%	1h	65.274	−0.055%	$173.3M	$90.2M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.240	−0.107%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.233	−0.117%	$1.2M	$4.2M	10x	as long as short
Aftermath Perps XAGUSDshort	+0.0210%	1h	64.994	−0.484%	$78K	$37K	10x
OKX XAG-USDT-SWAP	+0.0215%	8h	65.300	−0.015%	$28.9M	$77.0M	50x	as long as short
Bitget XAGUSDTlong	+0.0226%	4h	65.310	long leg	$23.0M	$48.3M	100x
Lighter XAG	+0.0232%	1h	65.278	−0.050%	$5.1M	$11.7M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.245	−0.100%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0313%	1h	65.332	+0.033%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0348%	4h	65.200	−0.168%	$2.8M	$701K	100x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.160	−0.230%	$20K	$12K	10x	as long as short
Bybit XAGUSDT	+0.0396%	4h	65.320	+0.015%	$30.7M	$44.1M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0406%	4h	65.100	−0.322%	$388K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0417%	1h	65.317	+0.011%	$1.0M	$892K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0516%	1h	65.310	0.000%	$77K	$436K	20x	as long as short