Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0245%/8h= −26.9% APRpaid last 24h −0.065%

Price spread now: SunX against Bullet−0.010%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 SunX

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 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	66.486	0.0245	pay 0.0031% / 1h	46m 17s	$45K	$76K	10x
Short	SunX XAG-USDT	66.480	0	get 0.0000% / 4h	46m 17s	$2K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$51.51
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	29.33 bp	33.3 bp −$33	62.9 bp −$629	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
dYdX XAG-USD	0.0000%	1h	66.428	−0.087%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.490	+0.005%	$25.8M	$33.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.470	−0.025%	$147.4M	$169.6M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.480	−0.010%	$2K	$3.1M	20x
HTX XAG-USDT	0.0000%	4h	66.480	−0.010%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.480	−0.010%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.410	−0.115%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.450	−0.054%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.409	−0.117%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.130%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.397	−0.134%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.130%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.912	+0.640%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.436	−0.076%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.446	−0.061%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.408	−0.118%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.205%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.415	−0.107%	$592K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.470	−0.025%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	66.439	−0.071%	$165.6M	$87.5M	25x	as long as short
Variational Omni XAG	+0.0086%	4h	66.457	−0.045%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0088%	4h	66.470	−0.025%	$2.8M	$1.1M	100x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.460	−0.040%	$114.2M	$152.8M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	66.405	−0.123%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.085%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.400	−0.130%	$126K	$26K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.475	−0.018%	$191.7M	$723.4M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.463	−0.035%	$48K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.455	−0.048%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.444	−0.063%	$674K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0111%	4h	66.450	−0.055%	$2.6M	$650K	100x	as long as short
Lighter XAG	+0.0112%	1h	66.454	−0.049%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0114%	4h	66.480	−0.010%	$24.2M	$48.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0147%	1h	66.421	−0.098%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	66.460	−0.040%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	−0.040%	$1.9M	$860K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.470	−0.025%	$27.6M	$66.3M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.471	−0.023%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USDlong	+0.0245%	1h	66.486	long leg	$45K	$76K	10x
Nado XAG-PERP	+0.0254%	1h	66.425	−0.092%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.475	−0.017%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.400	−0.130%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	−0.055%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.436	−0.076%	$768K	$569K	25x	as long as short