Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.034%

Price spread now: KuCoin against Bullet−0.106%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 KuCoin

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—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.106% cheaper against Bullet than usual: you would sell low and buy high (−$11 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	65.109	0.0238	pay 0.0030% / 1h	3m 08s	$44K	$75K	10x
Short	KuCoin XAGUSDTM	65.040	0.0100	get 0.0050% / 4h	3m 08s	$25.2M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$28.95
Price spread: −0.106% → 0.000%: −$10.59
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.77 bp	9.8 bp −$10	16.8 bp −$168	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0021%	1h	64.970	−0.213%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.059	−0.077%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.172%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.110	+0.002%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.110	+0.002%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.130	+0.032%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.110	+0.002%	$1.5M	$282K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.081%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.031	−0.120%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.110	+0.002%	$140.3M	$182.1M	100x	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	65.088	−0.032%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.032	−0.118%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.983%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.090	−0.029%	$126.3M	$162.9M	1000x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	−0.051%	$662K	$313K	30x	as long as short
Binance XAGUSDT	+0.0039%	4h	65.080	−0.044%	$191.5M	$756.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.044%	$783K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	−0.029%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.496	+0.594%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.070	−0.060%	$2.6M	$982K	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.069	−0.061%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.028	−0.124%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.062	−0.072%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.088	−0.032%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.084%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.055	−0.083%	$173.0M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.049	−0.092%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.121%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.020	−0.137%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	65.040	−0.106%	$25.2M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.060%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.104	−0.007%	$1.3M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	−0.016%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.050	−0.090%	$1.2M	$4.7M	10x	as long as short
BloFin XAG-USDT	+0.0157%	4h	65.120	+0.017%	$2.7M	$626K	100x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.100	−0.014%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.110	+0.002%	$28.2M	$70.8M	50x	as long as short
Lighter XAG	+0.0192%	1h	65.091	−0.028%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.079	−0.046%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.020	−0.137%	$20K	$15K	10x	as long as short
Bullet SILVER-USDlong	+0.0238%	1h	65.109	long leg	$44K	$75K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	−0.006%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.080	−0.045%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	−0.044%	$66K	$399K	20x	as long as short