Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.011%

Price spread now: Lighter RH against Bybit−0.035%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$170.165% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.035%, 7d avg −0.065%

Together, before fees+0.008%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.200	0	get 0.0000% / 4h	1h 48m	$25.5M	$34.1M	150x
Short	Lighter RH XAG	66.177	0.0032	get 0.0004% / 1h	48m 25s	$4.5M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.035%Rate

Funding earned: $6.72
Price spread: −0.035% → −0.065%: $2.99
Slippage, 4 orders: −$5.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.83
Costs to cover: 0.165%
Break-even: 14.1 days

Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 5 min ago.

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, 5 min ago	0.76 bp	6.7 bp −$7	11.5 bp −$115	16.8 bp −$1,683	64.9 bp −$32.4K
Sell Lighter RH live order book, 5 min ago	1.04 bp	1.1 bp −$1	2.1 bp −$21	18.4 bp −$1,841	doesn't fit

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.184	−0.024%	$777K	$593K	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	66.165	−0.053%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.119%	$15K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.200	long leg	$25.5M	$34.1M	150x
RISEx XAG/USDC	0.0000%	1h	66.210	+0.015%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.180	−0.030%	$146.4M	$171.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.030%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.076%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.015%	$1.5M	$247K	100x	as long as short
Bitget XAGUSDT	+0.0002%	4h	66.210	+0.015%	$23.7M	$48.7M	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.105%	$120K	—	10x	as long as short
Aster XAGUSDT	+0.0006%	4h	66.201	+0.001%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	+0.014%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	−0.015%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.016%	$5.4M	$10.7M	—	as long as short
Lighter XAG	+0.0032%	1h	66.186	−0.022%	$5.2M	$10.7M	25x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.177	−0.035%	$4.5M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.139	−0.092%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.302%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.190	−0.015%	$116.5M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	−0.060%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0042%	4h	66.190	−0.015%	$189.3M	$760.6M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.639	+0.663%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.147	−0.080%	$164.0M	$91.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.165	−0.053%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.147	−0.080%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.121%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.165	−0.053%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.188	−0.018%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	−0.014%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	−0.030%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.124	−0.115%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0075%	1h	66.151	−0.074%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.193	−0.011%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.154	−0.069%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.045%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.136%	$113K	$77K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.200	0.000%	$1.9M	$889K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.210	+0.015%	$27.2M	$67.6M	50x	as long as short
Nado XAG-PERP	+0.0146%	1h	66.149	−0.077%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0168%	1h	66.205	+0.008%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.195	−0.008%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0657%	1h	66.230	+0.045%	$60K	$357K	20x	as long as short