Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.040%

Price spread now: Aster against Bullet−0.002%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	65.123	0.0320	pay 0.0040% / 1h	48m 24s	$45K	$75K	10x
Short	Aster XAGUSDT	65.121	0.0071	get 0.0035% / 4h	3h 48m	$2.6M	$991K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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 BulletbpFee AsterbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$52.25
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$68.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Aster: live order book, 5 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.77 bp	4.8 bp −$5	6.7 bp −$67	13.8 bp −$1,379	doesn't fit

Bullet: 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-USD	0.0000%	1h	65.046	−0.118%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.130	+0.011%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.057%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.130	+0.011%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.043	−0.123%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	+0.048%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.124	+0.001%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.050	−0.112%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.961%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	−0.081%	$783K	$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
Vest SI-PERP	+0.0046%	1h	65.530	+0.625%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.120	−0.005%	$171K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.054	−0.106%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.044	−0.121%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.158%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.092	−0.047%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	65.110	−0.020%	$125.9M	$155.8M	1000x	as long as short
Binance XAGUSDT	+0.0061%	4h	65.117	−0.009%	$193.5M	$762.0M	100x	as long as short
edgeX XAGUSDC	+0.0067%	4h	65.072	−0.079%	$663K	$313K	30x	as long as short
Aster XAGUSDTshort	+0.0071%	4h	65.121	−0.002%	$2.6M	$991K	100x
Aevo XAG-PERP	+0.0072%	1h	65.109	−0.021%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.010	−0.174%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0082%	24h	65.119	−0.006%	$480K	$33.4M	8.1x	as long as short
Bybit XAGUSDT	+0.0084%	4h	65.140	+0.026%	$27.4M	$39.2M	150x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	65.095	−0.043%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.058	−0.100%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.066%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.010	−0.174%	$111K	$19K	50x	as long as short
Gate XAG_USDT	+0.0110%	4h	65.140	+0.026%	$139.9M	$179.3M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.067	−0.086%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0149%	1h	65.091	−0.049%	$173.9M	$85.8M	25x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.061	−0.095%	$1.2M	$4.6M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.121	−0.003%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.120	−0.005%	$23.3M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.140	+0.026%	$28.6M	$72.4M	50x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	65.076	−0.071%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.090	−0.051%	$77K	$417K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	+0.003%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0241%	4h	65.130	+0.011%	$2.7M	$631K	100x	as long as short
Lighter XAG	+0.0248%	1h	65.122	−0.002%	$5.3M	$10.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	65.070	−0.081%	$20K	$15K	10x	as long as short
Bullet SILVER-USDlong	+0.0320%	1h	65.123	long leg	$45K	$75K	10x
GRVT XAG_USDT_Perp	+0.0394%	4h	65.085	−0.058%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.103	−0.031%	$1.0M	$868K	25x	as long as short