Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.019%

Price spread now: Extended against BloFin−0.204%474s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.226% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.204%, 7d avg −0.056%

Together, before fees+0.354%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.148% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.251%, so the current rate has only just turned against you. The two prices were read 474 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	66.570	0.0103	pay 0.0052% / 4h	2h 41m	$2.6M	$624K	100x
Short	Extended XAG-USD	66.434	0.0032	get 0.0004% / 1h	41m 04s	$5.4M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$14.95
Price spread: −0.204% → −0.056%: −$14.81
Slippage, 4 orders: −$5.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$52.35
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; Extended: live order book, 3 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, 12 min ago	0.75 bp	6.8 bp −$7	7.0 bp −$70	9.0 bp −$904	15.0 bp −$7,504
Sell Extended live order book, 3 min ago	0.08 bp	2.6 bp −$3	2.7 bp −$27	7.1 bp −$709	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
Hotstuff SILVER-PERP	−0.0032%	1h	66.441	−0.194%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.221%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	−0.060%	$154.6M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	−0.105%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	−0.075%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	−0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.196%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.501	−0.104%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.434	−0.204%	$5.4M	$12.5M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.255%	$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
StandX XAG-USD	+0.0040%	1h	66.560	−0.015%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.532%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.236%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.370	−0.300%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.456	−0.171%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.450	−0.180%	$3K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.490	−0.120%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.438	−0.198%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0065%	4h	66.540	−0.045%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.485	−0.128%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.490	−0.120%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.418	−0.228%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.135%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.120%	$126K	$23K	50x	as long as short
BloFin XAG-USDTlong	+0.0103%	4h	66.570	long leg	$2.6M	$624K	100x
Aster XAGUSDT	+0.0113%	4h	66.490	−0.120%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.463	−0.160%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	−0.098%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	−0.095%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.520	−0.075%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	66.525	−0.068%	$193.1M	$707.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	−0.002%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.517	−0.079%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	−0.075%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.520	−0.075%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.540	−0.045%	$24.4M	$45.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	−0.151%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.432	−0.207%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.031%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.211%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	−0.105%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.128%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	−0.156%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.520	−0.075%	$50K	$325K	20x	as long as short