Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.021%

Price spread now: OKX against Bybit0.000%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.018%−$2 · spread now 0.000%, 7d avg −0.017%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	65.470	0.0037	pay 0.0019% / 4h	1h 49m	$28.6M	$39.5M	150x
Short	OKX XAG-USDT-SWAP	65.470	0.0196	get 0.0196% / 8h	1h 49m	$27.8M	$71.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $33.35
Price spread: 0.000% → −0.017%: $1.69
Slippage, 4 orders: −$3.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $10.52
Costs to cover: 0.245%
Break-even: 4.8 days

Slippage from Bybit: live order book, 4 min ago; OKX: 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, 4 min ago	0.76 bp	6.3 bp −$6	8.5 bp −$85	12.4 bp −$1,244	56.4 bp −$28.2K
Sell OKX live order book, 5 min ago	0.76 bp	5.8 bp −$6	6.6 bp −$66	12.7 bp −$1,271	66.3 bp −$33.2K

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.399	−0.109%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.310	−0.244%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.097%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.470	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.480	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	−0.046%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.413	−0.088%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.480	+0.015%	$142.1M	$178.6M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.460	−0.015%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	−0.072%	$5.1M	$11.6M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.420%	$11K	$94K	52x	as long as short
Bybit XAGUSDTlong	+0.0037%	4h	65.470	long leg	$28.6M	$39.5M	150x
StandX XAG-USD	+0.0040%	1h	65.430	−0.061%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.884	+0.632%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	−0.061%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.426	−0.067%	$170.7M	$83.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.423	−0.072%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.404	−0.101%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.440	−0.046%	$2.7M	$956K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.440	−0.046%	$66K	$370K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.436	−0.052%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.449	−0.032%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.467	−0.005%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.139%	$56K	$31K	25x	as long as short
Lighter XAG	+0.0072%	1h	65.468	−0.004%	$5.4M	$11.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.415	−0.084%	$499K	$29.6M	8.1x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.100%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0089%	4h	65.459	−0.016%	$189.5M	$759.2M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	65.450	−0.031%	$113.2M	$156.6M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.425	−0.069%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.430	−0.061%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	0.000%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.445	−0.038%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.058%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	−0.081%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.153%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.425	−0.068%	$384K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0143%	1h	65.465	−0.008%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	65.460	−0.015%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0196%	8h	65.470	0.000%	$27.8M	$71.1M	50x
Aftermath Perps XAGUSD	+0.0209%	1h	65.464	−0.010%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.455	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	−0.015%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.399	−0.108%	$917K	$744K	25x	as long as short