Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.010%

Price spread now: SoDEX against Bybit−0.110%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.110% cheaper against Bybit than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	65.350	0	get 0.0000% / 4h	1h 27m	$27.9M	$39.8M	150x
Short	SoDEX SILVER-USD	65.278	0.0050	get 0.0006% / 1h	27m 52s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $10.5
Price spread: −0.110% → 0.000%: −$11.02
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.52
Costs to cover: 0.190%
Break-even: 20.0 days

Slippage unknown: Bybit: live order book, 1 min ago; SoDEX: 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, 1 min ago	0.76 bp	6.3 bp −$6	8.4 bp −$84	15.4 bp −$1,540	59.9 bp −$30.0K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Hibachi XAG/USDT-P	−0.0176%	1h	65.280	−0.107%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0093%	1h	65.220	−0.199%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0048%	1h	65.328	−0.034%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.084%	$12K	$5K	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	65.350	long leg	$27.9M	$39.8M	150x
SunX XAG-USDT	0.0000%	4h	65.350	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.015%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.281	−0.105%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.360	+0.015%	$141.2M	$182.2M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.337	−0.020%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.293	−0.088%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.607%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.031%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0041%	4h	65.340	−0.015%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	−0.010%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.753	+0.617%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.330	−0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.318	−0.049%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.297	−0.081%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	65.278	−0.110%	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0056%	8h	65.325	−0.038%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.348	−0.003%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.057%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0064%	4h	65.340	−0.015%	$116.0M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.354	+0.007%	$190.2M	$763.5M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.328	−0.034%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.347	−0.004%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.316	−0.052%	$487K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.307	−0.065%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.031%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.015%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.015%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.046%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.291	−0.091%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.341	−0.014%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0177%	1h	65.348	−0.002%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0178%	4h	65.350	0.000%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.350	0.000%	$28.0M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	−0.046%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.312	−0.058%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0260%	4h	65.350	0.000%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.335	−0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.308	−0.065%	$915K	$746K	25x	as long as short