Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.042%

Price spread now: tradeXYZ against Bitget−0.074%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.074%, 7d avg −0.080%

Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: −$2 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	64.950	0.0216	pay 0.0108% / 4h	3h 21m	$22.8M	$48.0M	100x
Short	tradeXYZ xyz:SILVER	64.902	0.0136	get 0.0017% / 1h	21m 35s	$173.2M	$88.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$16.9
Price spread: −0.074% → −0.080%: $0.57
Slippage, 4 orders: −$2.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$48.91
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; tradeXYZ: live order book, 8 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, 7 min ago	0.77 bp	6.8 bp −$7	9.3 bp −$93	18.3 bp −$1,827	44.5 bp −$22.2K
Sell tradeXYZ live order book, 8 min ago	0.15 bp	9.9 bp −$10	10.2 bp −$102	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
dYdX XAG-USD	0.0000%	1h	64.859	−0.141%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	−0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.980	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.960	+0.015%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.861	−0.137%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0012%	4h	64.960	+0.015%	$138.6M	$187.6M	100x	as long as short
Variational Omni XAG	+0.0021%	4h	64.652	−0.458%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.935	−0.023%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.873	−0.119%	$5.0M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.536%	$11K	$240	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	64.930	−0.031%	$781K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.316	+0.564%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.950	0.000%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.869	−0.125%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.838	−0.172%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.850	−0.154%	$5.6M	$10.0M	25x	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.230%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	64.937	−0.020%	$29K	$166	5x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	64.940	−0.015%	$123.6M	$160.1M	1000x	as long as short
Aevo XAG-PERP	+0.0080%	1h	64.891	−0.092%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.169%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0086%	24h	64.895	−0.085%	$488K	$35.1M	8.1x	as long as short
Binance XAGUSDT	+0.0096%	4h	64.967	+0.026%	$198.1M	$787.7M	100x	as long as short
Pacifica XAG	+0.0100%	1h	64.882	−0.105%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.900	−0.077%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.308%	$111K	$19K	50x	as long as short
Aster XAGUSDT	+0.0102%	4h	64.936	−0.022%	$2.6M	$1.0M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.516%	$55K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.913	−0.057%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVERshort	+0.0136%	1h	64.902	−0.074%	$173.2M	$88.7M	25x
RISEx XAG/USDC	+0.0158%	1h	64.929	−0.033%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0165%	1h	64.885	−0.100%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0206%	8h	64.990	+0.062%	$29.0M	$75.9M	50x	as long as short
Bitget XAGUSDTlong	+0.0216%	4h	64.950	long leg	$22.8M	$48.0M	100x
Aftermath Perps XAGUSD	+0.0219%	1h	64.772	−0.275%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0232%	1h	64.932	−0.027%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.825	−0.192%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0283%	4h	64.780	−0.262%	$2.7M	$695K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.159%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0309%	1h	64.951	+0.002%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.740	−0.323%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0366%	4h	64.990	+0.062%	$30.2M	$43.7M	150x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	−0.046%	$76K	$434K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	64.927	−0.035%	$1.0M	$894K	25x	as long as short