Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.017%

Price spread now: Deribit against Bitget−0.015%48s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.015%, 7d avg −0.010%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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 4 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.050	0.0226	pay 0.0113% / 4h	3h 00m	$23.9M	$44.9M	100x
Short	Deribit SILVER_USDC-PERPETUAL	66.040	0.0204	get 0.0026% / 1h	0m 28s	$75K	$363K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$4.52
Price spread: −0.015% → −0.010%: −$0.49
Slippage, 4 orders: −$8.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.75
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 53 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 Bitget live order book, 3 min ago	0.76 bp	8.0 bp −$8	9.5 bp −$95	18.4 bp −$1,844	53.6 bp −$26.8K
Sell Deribit live order book, 53 min ago	0.76 bp	8.8 bp −$9	10.4 bp −$104	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
Ondo Perps XAG-USD.P	−0.0049%	1h	65.940	−0.167%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.093%	$14K	$66	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.021	−0.044%	$35K	$21K	20x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.000	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.044	−0.010%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.990	−0.090%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.530%	$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
StandX XAG-USD	+0.0040%	1h	66.060	+0.015%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.474	+0.642%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.070	+0.030%	$149.7M	$164.6M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.048%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.997	−0.080%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.039	−0.016%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.015	−0.053%	$166.3M	$73.9M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.030%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.004	−0.070%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.025	−0.038%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.056	+0.009%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.994	−0.086%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.045%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.030%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0105%	4h	66.070	+0.030%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.055	+0.008%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.048	−0.004%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0158%	4h	66.053	+0.005%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.045	−0.007%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0170%	4h	66.040	−0.015%	$116.3M	$153.1M	1000x	as long as short
Binance XAGUSDT	+0.0171%	4h	66.057	+0.010%	$191.1M	$702.5M	100x	as long as short
edgeX XAGUSDC	+0.0176%	4h	66.048	−0.002%	$670K	$312K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.011	−0.059%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.031	−0.029%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0204%	1h	66.040	−0.015%	$75K	$363K	20x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.106%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.073	+0.035%	$395K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0221%	4h	66.070	+0.030%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.070	+0.030%	$27.8M	$64.5M	50x	as long as short
Bitget XAGUSDTlong	+0.0226%	4h	66.050	long leg	$23.9M	$44.9M	100x
Bullet SILVER-USD	+0.0237%	1h	66.056	+0.009%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0312%	1h	66.020	−0.045%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.031	−0.029%	$911K	$685K	25x	as long as short