Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.001%

Price spread now: Bullet against Bitget+0.015%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.100	0.0224	pay 0.0112% / 4h	2h 53m	$23.9M	$44.9M	100x
Short	Bullet SILVER-USD	66.110	0.0255	get 0.0032% / 1h	53m 22s	$44K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.015%Rate

Funding earned: $6.55
Price spread: +0.015% → 0.000%: $1.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$11.95
Costs to cover: 0.200%
Break-even: 19.8 days

Slippage unknown: Bitget: live order book, 6 min ago; Bullet: 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, 6 min ago	0.76 bp	6.8 bp −$7	8.6 bp −$86	18.2 bp −$1,824	52.8 bp −$26.4K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	65.989	−0.169%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.015%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.050	−0.075%	$120K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0008%	1h	65.990	−0.166%	$5.7M	$9.2M	25x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.110	+0.015%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.099	−0.002%	$4.8M	$9.2M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.048	−0.078%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$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	66.018	−0.124%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.052	−0.073%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.090	−0.015%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.521	+0.637%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.075	−0.038%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.048	−0.079%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.090	−0.015%	$114K	$2.7M	20x	as long as short
Gate XAG_USDT	+0.0054%	4h	66.120	+0.030%	$149.8M	$153.9M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.074	−0.039%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.065	−0.053%	$530K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.073	−0.041%	$166.6M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.026	−0.112%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.060	−0.061%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.000	−0.151%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0109%	4h	66.120	+0.030%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0116%	4h	66.100	0.000%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.106	+0.009%	$5.2M	$10.6M	25x	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.097	−0.005%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0157%	4h	66.083	−0.025%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.110	+0.015%	$116.5M	$151.7M	1000x	as long as short
Binance XAGUSDT	+0.0167%	4h	66.110	+0.015%	$191.5M	$703.0M	100x	as long as short
edgeX XAGUSDC	+0.0170%	4h	66.074	−0.040%	$671K	$310K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.182%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0195%	1h	66.067	−0.049%	$1.4M	$5.6M	10x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	66.038	−0.094%	$79K	$36K	10x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.080	−0.030%	$2.6M	$570K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.063	−0.056%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0222%	8h	66.100	0.000%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDTlong	+0.0224%	4h	66.100	long leg	$23.9M	$44.9M	100x
Bullet SILVER-USDshort	+0.0255%	1h	66.110	+0.015%	$44K	$76K	10x
Hibachi XAG/USDT-P	+0.0328%	1h	66.053	−0.071%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.100	0.000%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.115	+0.023%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.079	−0.032%	$908K	$688K	25x	as long as short