Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.033%

Price spread now: dYdX against BloFin−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.105% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.630	0.0084	pay 0.0042% / 4h	17m 07s	$2.6M	$652K	100x
Short	dYdX XAG-USD	66.560	0	get 0.0000% / 1h	17m 07s	$15K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$17.62
Price spread: −0.105% → 0.000%: −$10.51
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$50.13
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; dYdX: no order-book sample. Net counts fees only.

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, 6 min ago	1.50 bp	7.5 bp −$8	7.5 bp −$75	7.6 bp −$755	12.9 bp −$6,451
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDshort	0.0000%	1h	66.560	−0.105%	$15K	—	5x
Bybit XAGUSDT	0.0000%	4h	66.650	+0.030%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.015%	$156.1M	$174.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.640	+0.015%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.630	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	0.000%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.570	−0.091%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.613	−0.026%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.570	−0.089%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.345%	$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
Phoenix SILVER	+0.0036%	1h	66.531	−0.149%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	−0.150%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.076	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.601	−0.044%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.565	−0.098%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.150%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.587	−0.065%	$582K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.610	−0.030%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0072%	1h	66.591	−0.059%	$166.0M	$87.0M	25x	as long as short
BloFin XAG-USDTlong	+0.0084%	4h	66.630	long leg	$2.6M	$652K	100x
Pacifica XAG	+0.0100%	1h	66.577	−0.079%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.590	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.570	−0.090%	$127K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0106%	8h	66.619	−0.016%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.156%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0116%	4h	66.638	+0.011%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.615	−0.023%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.620	−0.015%	$115.2M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.624	−0.009%	$192.8M	$724.7M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.630	0.000%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0133%	4h	66.541	−0.133%	$675K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0152%	1h	66.598	−0.048%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0152%	4h	66.630	0.000%	$24.4M	$48.4M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.015%	$1.9M	$853K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.516	−0.171%	$80K	$39K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.640	+0.015%	$392K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.630	0.000%	$28.0M	$67.0M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.006%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0252%	1h	66.633	+0.005%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.588	−0.064%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.610	−0.030%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.635	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.620	−0.015%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.600	−0.046%	$764K	$588K	25x	as long as short