Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.020%

Price spread now: dYdX against Bybit−0.080%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on dYdX

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.080% cheaper against Bybit than usual: you would sell low and buy high (−$8 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	Bybit XAGUSDT	66.140	0.0130	pay 0.0065% / 4h	1h 05m	$26.9M	$36.1M	150x
Short	dYdX XAG-USD	66.087	0	get 0.0000% / 1h	5m 12s	$15K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$27.38
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$56.39
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; dYdX: 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, 4 min ago	0.75 bp	7.5 bp −$8	9.6 bp −$96	15.6 bp −$1,560	53.2 bp −$26.6K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-USDshort	0.0000%	1h	66.087	−0.080%	$15K	—	5x
Gate XAG_USDT	0.0000%	4h	66.140	0.000%	$149.6M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.091%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	+0.030%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.110	−0.045%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.122	−0.027%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.106	−0.051%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.106	−0.052%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.393%	$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
StandX XAG-USD	+0.0040%	1h	66.160	+0.030%	$796K	$3.0M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	66.030	−0.166%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.602	+0.699%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.136	−0.006%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.087	−0.080%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.170	+0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.121	−0.029%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.065%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.133	−0.011%	$165.4M	$73.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.113	−0.041%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	+0.015%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.130	−0.015%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0127%	8h	66.167	+0.040%	$30K	$1K	5x	as long as short
Bybit XAGUSDTlong	+0.0130%	4h	66.140	long leg	$26.9M	$36.1M	150x
Aevo XAG-PERP	+0.0176%	1h	66.155	+0.023%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	+0.003%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.171	+0.047%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.114	−0.040%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.120	−0.030%	$106.7M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.120	−0.030%	$191.7M	$705.4M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.060%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.162	+0.033%	$671K	$314K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.140	0.000%	$63K	$336K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.170	+0.045%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.130	−0.015%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.124	−0.025%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.152	+0.019%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.130	−0.015%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.200	+0.091%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.174	+0.051%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.108	−0.049%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0387%	1h	66.175	+0.053%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.130	−0.015%	$912K	$674K	25x	as long as short