Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.033%

Price spread now: edgeX against Bullet−0.160%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.160% cheaper against Bullet than usual: you would sell low and buy high (−$16 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	Bullet SILVER-USD	66.584	0.0254	pay 0.0032% / 1h	18m 47s	$45K	$76K	10x
Short	edgeX XAGUSDC	66.478	0.0122	get 0.0061% / 4h	18m 47s	$674K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$27.9
Price spread: −0.160% → 0.000%: −$16.03
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$60.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; edgeX: live order book, 60 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 edgeX live order book, 60 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.4K

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
dYdX XAG-USD	0.0000%	1h	66.484	−0.151%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.099%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.084%	$154.6M	$173.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.590	+0.009%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.640	+0.084%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.600	+0.024%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.520	−0.096%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.512	−0.109%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.625	+0.061%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.564	−0.031%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.277%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.485	−0.149%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.157%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.014	+0.645%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.553	−0.047%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.520	−0.097%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.172%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.541	−0.065%	$582K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.550	−0.052%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.550	−0.052%	$2.6M	$651K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.604	+0.030%	$166.0M	$86.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.494	−0.136%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	−0.006%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.202%	$126K	$26K	50x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.088%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0108%	8h	66.538	−0.070%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.630	+0.069%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.629	+0.067%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.580	−0.007%	$48K	—	10x	as long as short
edgeX XAGUSDCshort	+0.0122%	4h	66.478	−0.160%	$674K	$314K	30x
MEXC SILVER_USDT	+0.0122%	4h	66.630	+0.069%	$115.1M	$153.3M	1000x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.640	+0.084%	$192.8M	$723.6M	100x	as long as short
Bitget XAGUSDT	+0.0150%	4h	66.650	+0.099%	$24.5M	$48.3M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.262%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0168%	1h	66.463	−0.182%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	−0.142%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.630	+0.069%	$27.9M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.557	−0.041%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USDlong	+0.0254%	1h	66.584	long leg	$45K	$76K	10x
Nado XAG-PERP	+0.0257%	1h	66.500	−0.126%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.585	+0.001%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.487	−0.146%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.570	−0.022%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.543	−0.062%	$763K	$586K	25x	as long as short