Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.025%

Price spread now: Lighter against Bitget+0.009%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.009%, 7d avg −0.038%

Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.350	0.0156	pay 0.0078% / 4h	38m 45s	$23.2M	$44.8M	100x
Short	Lighter XAG	65.356	0.0168	get 0.0021% / 1h	38m 45s	$5.3M	$11.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $2.52
Price spread: +0.009% → −0.038%: $4.72
Slippage, 4 orders: −$3.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.67
Costs to cover: 0.159%
Break-even: 31.1 days

Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 5 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, 5 min ago	0.76 bp	7.9 bp −$8	9.7 bp −$97	16.2 bp −$1,616	45.3 bp −$22.6K
Sell Lighter live order book, 5 min ago	0.28 bp	0.3 bp $0	0.4 bp −$4	8.0 bp −$800	20.4 bp −$10.2K

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	−0.0039%	1h	65.240	−0.168%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.081%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.031%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	0.000%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.015%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	−0.080%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0008%	4h	65.432	+0.126%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0023%	4h	65.358	+0.012%	$2.7M	$928K	100x	as long as short
MEXC SILVER_USDT	+0.0030%	4h	65.350	0.000%	$118.7M	$157.3M	1000x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAGUSDT	+0.0031%	4h	65.349	−0.001%	$191.8M	$755.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.347	−0.004%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.299	−0.079%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.607%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.360	+0.015%	$140.8M	$177.8M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.450	+0.153%	$787K	$2.9M	40x	as long as short
edgeX XAGUSDC	+0.0041%	4h	65.413	+0.096%	$666K	$312K	30x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.340	−0.015%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.780	+0.658%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.341	−0.015%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.317	−0.050%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.299	−0.078%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.317	−0.050%	$169.8M	$81.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.336	−0.022%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.389	+0.060%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.400	+0.077%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.344	−0.009%	$531K	$31.9M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.370	+0.031%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.298	−0.079%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	−0.061%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	+0.061%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.366	+0.025%	$1.2M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0127%	4h	65.360	+0.015%	$2.7M	$575K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.441	+0.139%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDTlong	+0.0156%	4h	65.350	long leg	$23.2M	$44.8M	100x
Nado XAG-PERP	+0.0165%	1h	65.329	−0.032%	$1.2M	$4.7M	10x	as long as short
Lighter XAGshort	+0.0168%	1h	65.356	+0.009%	$5.3M	$11.1M	25x
OKX XAG-USDT-SWAP	+0.0170%	8h	65.350	0.000%	$28.1M	$70.0M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.393	+0.067%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.337	−0.020%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	−0.015%	$65K	$389K	20x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.367	+0.027%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.313	−0.056%	$1.0M	$868K	25x	as long as short