Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.003%

Price spread now: RISEx against BloFin−0.016%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.016%, 7d avg −0.006%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.157%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.160	0.0207	pay 0.0103% / 4h	1h 02m	$2.6M	$551K	100x
Short	RISEx XAG/USDC	66.149	0.0181	get 0.0023% / 1h	2m 23s	$1.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$5.35
Price spread: −0.016% → −0.006%: −$1.01
Slippage, 4 orders: −$3.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$28.21
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; RISEx: live order book, 2 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, 6 min ago	1.51 bp	7.5 bp −$8	7.5 bp −$75	10.6 bp −$1,059	16.8 bp −$8,410
Sell RISEx live order book, 2 min ago	0.42 bp	3.4 bp −$3	4.6 bp −$46	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	66.087	−0.110%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.160	0.000%	$149.8M	$165.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.170	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.015%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.078	−0.124%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.133	−0.041%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.072	−0.134%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.363%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	−0.091%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0041%	1h	66.040	−0.181%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.627%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	−0.074%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.085	−0.113%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.101	−0.089%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.095%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.113	−0.071%	$165.3M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.090	−0.106%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.091%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.060%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.108	−0.079%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0122%	4h	66.120	−0.060%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.137	−0.035%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.170	+0.015%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.141	−0.028%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	−0.027%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.149	−0.016%	$1.3M	$4.4M	20x
Lighter XAG	+0.0184%	1h	66.125	−0.053%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.150	−0.015%	$106.8M	$154.2M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.152	−0.012%	$192.2M	$704.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.030%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.004%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	−0.060%	$63K	$337K	20x	as long as short
BloFin XAG-USDTlong	+0.0207%	4h	66.160	long leg	$2.6M	$551K	100x
OKX XAG-USDT-SWAP	+0.0216%	8h	66.150	−0.015%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.084	−0.115%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	−0.048%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.150	−0.015%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	−0.030%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.156	−0.006%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	−0.142%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0389%	1h	66.155	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.117	−0.065%	$912K	$674K	25x	as long as short