Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.058%

Price spread now: Deribit against BloFin+0.106%57s7-day average −0.020% · you sell dearer than you buy

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−$310.310% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.202%+$20 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.106%, 7d avg −0.020%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.126% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 57 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	BloFin XAG-USDT	66.340	0.0072	pay 0.0036% / 4h	1h 06m	$2.5M	$848K	100x
Short	Deribit SILVER_USDC-PERPETUAL	66.410	0.0353	get 0.0044% / 1h	6m 15s	$51K	$359K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.106%Rate

Funding earned: $58.9
Price spread: +0.106% → −0.020%: $12.58
Slippage, 4 orders: −$12.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $40.45
Costs to cover: 0.310%
Break-even: 2.2 days

Slippage from BloFin: live order book, 7 min ago; Deribit: live order book, 12 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 BloFin live order book, 7 min ago	0.75 bp	11.3 bp −$11	11.3 bp −$113	11.3 bp −$1,128	16.1 bp −$8,044
Sell Deribit live order book, 12 min ago	0.75 bp	4.3 bp −$4	5.2 bp −$52	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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.385	+0.068%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.065%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.136%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.403	+0.095%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	+0.121%	$146.6M	$173.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	+0.121%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.420	+0.121%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.106%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.356	+0.025%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.390	+0.075%	$124K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.408	+0.102%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.354	+0.021%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.330	−0.015%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.841	+0.755%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.374	+0.051%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.355	+0.023%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.060%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.382	+0.063%	$165.4M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.352	+0.018%	$588K	$21.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.349	+0.014%	$35K	$21K	20x	as long as short
BloFin XAG-USDTlong	+0.0072%	4h	66.340	long leg	$2.5M	$848K	100x
Phoenix SILVER	+0.0073%	1h	66.292	−0.072%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	−0.021%	$5.5M	$10.5M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	66.410	+0.106%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0082%	4h	66.430	+0.136%	$24.1M	$47.9M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	66.420	+0.121%	$123.5M	$182.7M	1000x	as long as short
Binance XAGUSDT	+0.0094%	4h	66.420	+0.121%	$190.9M	$729.4M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.409	+0.105%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.345	+0.008%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	+0.075%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.045%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.380	+0.060%	$1.9M	$864K	20x	as long as short
edgeX XAGUSDC	+0.0105%	4h	66.317	−0.035%	$673K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.382	+0.063%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0132%	1h	66.309	−0.047%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	+0.058%	$402K	$1.4M	25x	as long as short
Lighter XAG	+0.0136%	1h	66.412	+0.108%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0181%	8h	66.420	+0.121%	$27.4M	$66.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	−0.015%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.355	+0.023%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.423	+0.125%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.425	+0.128%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0353%	1h	66.410	+0.106%	$51K	$359K	20x