Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.051%

Price spread now: Lighter RH against Bitget−0.089%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.089%, 7d avg −0.055%

Together, before fees+0.016%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.055%). If the spread goes back, that is −$3 on $10k: about 7.1 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.080	0.0016	pay 0.0008% / 4h	2h 03m	$23.6M	$51.9M	100x
Short	Lighter RH XAG	66.021	0.0032	get 0.0004% / 1h	3m 40s	$4.4M	$10.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.089%Rate

Funding earned: $3.36
Price spread: −0.089% → −0.055%: −$3.39
Slippage, 4 orders: −$9.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.56
Costs to cover: 0.215%
Break-even: 51.9 days

Slippage from Bitget: live order book, 5 min ago; Lighter RH: 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	8.2 bp −$8	11.4 bp −$114	23.7 bp −$2,366	54.4 bp −$27.2K
Sell Lighter RH live order book, 5 min ago	1.36 bp	2.0 bp −$2	6.5 bp −$65	33.5 bp −$3,355	doesn't fit

XAG on 42 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
Nado XAG-PERP	−0.0004%	1h	66.046	−0.051%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	−0.035%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.070	−0.015%	$25.7M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	0.000%	$146.9M	$185.8M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.051	−0.043%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.030%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.070	−0.015%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	−0.015%	$1.5M	$248K	100x	as long as short
Aftermath Perps XAGUSD	+0.0011%	1h	66.026	−0.082%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0013%	4h	66.040	−0.061%	$2.8M	$1.1M	100x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDTlong	+0.0016%	4h	66.080	long leg	$23.6M	$51.9M	100x
Lighter XAG	+0.0032%	1h	66.022	−0.088%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.021	−0.089%	$4.4M	$10.0M	25x
Extended XAG-USD	+0.0032%	1h	66.026	−0.082%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.014	−0.100%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.000	−0.121%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.749%	—	—	25x	as long as short
BloFin XAG-USDT	+0.0046%	4h	65.990	−0.136%	$2.6M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.018	−0.094%	$164.1M	$95.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.094%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.013	−0.101%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.076%	$5.4M	$9.7M	25x	as long as short
Binance XAGUSDT	+0.0051%	4h	66.084	+0.006%	$190.5M	$789.1M	100x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	66.080	0.000%	$122.7M	$192.7M	1000x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0053%	1h	66.070	−0.015%	$76K	$347K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.004	−0.115%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.118%	$5.3M	$11.3M	—	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.198%	$389K	$1.6M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	66.033	−0.071%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.022	−0.088%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.040	−0.061%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0097%	8h	66.060	−0.030%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	−0.070%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.061%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	−0.061%	$112K	$85K	50x	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	−0.040%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.090	+0.015%	$27.5M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	−0.061%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.065	−0.023%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.037	−0.065%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.035	−0.069%	$775K	$612K	25x	as long as short