Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.013%

Price spread now: Aevo against Bybit+0.031%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.031% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.000	0	get 0.0000% / 4h	2h 07m	$25.7M	$36.2M	150x
Short	Aevo XAG-PERP	66.021	0.0088	get 0.0011% / 1h	7m 09s	$47K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.031%Rate

Funding earned: $18.48
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.37
Costs to cover: 0.270%
Break-even: 9.0 days

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: no order-book sample. 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 Bybit live order book, 2 min ago	1.51 bp	8.7 bp −$9	11.6 bp −$116	19.2 bp −$1,919	76.0 bp −$38.0K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 42 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
Deribit SILVER_USDC-PERPETUAL	−0.0053%	1h	66.010	+0.015%	$76K	$361K	20x	as long as short
Nado XAG-PERP	−0.0002%	1h	65.996	−0.005%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.100%	$14K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.000	long leg	$25.7M	$36.2M	150x
Gate XAG_USDT	0.0000%	4h	66.000	0.000%	$147.1M	$185.5M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.019	+0.029%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.000	0.000%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.040	+0.061%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.045%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0013%	1h	65.965	−0.053%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAG	+0.0032%	1h	65.991	−0.014%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.992	−0.012%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.030	+0.045%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.606%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0038%	4h	66.036	+0.054%	$2.8M	$1.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.020	+0.030%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.525	+0.795%	—	—	25x	as long as short
Bitget XAGUSDT	+0.0046%	4h	66.000	0.000%	$23.7M	$52.4M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	65.930	−0.106%	$5.4M	$9.8M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.978	−0.033%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.966	−0.052%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.995	−0.008%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.925	−0.114%	$637K	$21.8M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	65.950	−0.076%	$2.6M	$1.2M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.077%	$389K	$1.6M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	66.027	+0.041%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.000	0.000%	$143K	$2.8M	20x	as long as short
Binance XAGUSDT	+0.0082%	4h	66.000	0.000%	$190.2M	$799.7M	100x	as long as short
Aevo XAG-PERPshort	+0.0088%	1h	66.021	+0.031%	$47K	—	10x
MEXC SILVER_USDT	+0.0092%	4h	66.010	+0.015%	$122.7M	$192.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.985	−0.023%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.061%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.061%	$112K	$85K	50x	as long as short
Paradex XAG-USD-PERP	+0.0101%	8h	65.990	−0.015%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.081%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.081%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0151%	8h	65.990	−0.015%	$27.5M	$70.0M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.920	−0.121%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.990	−0.015%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0392% / S −0.0419%	1h	66.005	+0.008%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.000	0.000%	$1.3M	$4.4M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.962	−0.057%	$774K	$616K	25x	as long as short