Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.046%

Price spread now: Bybit against Bullet+0.028%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Bybit is 0.028% dearer against Bullet than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	66.232	0.0264	pay 0.0033% / 1h	18m 50s	$44K	$74K	10x
Short	Bybit XAGUSDT	66.250	0	get 0.0000% / 4h	1h 18m	$25.6M	$33.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$55.48
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.72
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Bybit: 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 Bybit live order book, 5 min ago	0.75 bp	6.7 bp −$7	9.8 bp −$98	16.4 bp −$1,636	64.7 bp −$32.4K

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.204	−0.042%	$766K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	−0.086%	$15K	—	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	66.250	+0.028%	$25.6M	$33.3M	150x
RISEx XAG/USDC	0.0000%	1h	66.236	+0.007%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.013%	$146.3M	$173.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.240	+0.013%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.270	+0.058%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.028%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.168	−0.096%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.220	−0.018%	$144K	$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	66.223	−0.013%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.173	−0.088%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.254%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	−0.078%	$792K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0044%	4h	66.250	+0.028%	$2.5M	$847K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.676	+0.671%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.201	−0.046%	$165.0M	$88.3M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.203	−0.043%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.166	−0.099%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.130	−0.154%	$5.7M	$9.9M	25x	as long as short
Aster XAGUSDT	+0.0054%	4h	66.251	+0.029%	$2.8M	$1.0M	100x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.187	−0.068%	$583K	$21.3M	8.1x	as long as short
Bitget XAGUSDT	+0.0058%	4h	66.250	+0.028%	$23.9M	$47.7M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	+0.008%	$5.5M	$10.5M	—	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.198	−0.051%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.188	−0.066%	$56K	$26K	25x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	66.240	+0.013%	$118.1M	$181.8M	1000x	as long as short
Binance XAGUSDT	+0.0080%	4h	66.244	+0.019%	$189.8M	$727.7M	100x	as long as short
edgeX XAGUSDC	+0.0084%	4h	66.235	+0.006%	$672K	$315K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.227	−0.007%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.177	−0.083%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.033%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.180	−0.078%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	−0.063%	$1.9M	$859K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0106%	4h	66.235	+0.004%	$390K	$1.5M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	66.222	−0.015%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.194	−0.056%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.229	−0.004%	$5.1M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	66.196	−0.054%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0169%	8h	66.250	+0.028%	$27.3M	$66.3M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.180	−0.078%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USDlong	+0.0264%	1h	66.232	long leg	$44K	$74K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.235	+0.005%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.018%	$51K	$359K	20x	as long as short