Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.013%

Price spread now: StandX against Bybit+0.046%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.046%, 7d avg −0.023%

Together, before fees−0.033%+ Points / potential airdropStandX: Active · farm board−$3 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 StandX is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	65.130	0	get 0.0000% / 4h	16m 07s	$27.7M	$39.1M	150x
Short	StandX XAG-USD	65.160	0.0040	get 0.0005% / 1h	16m 07s	$784K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $8.4
Price spread: +0.046% → −0.023%: $6.95
Slippage, 4 orders: −$15.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$18.99
Costs to cover: 0.343%
Break-even: 22.8 days

Slippage from Bybit: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago	0.77 bp	7.8 bp −$8	10.9 bp −$109	19.9 bp −$1,991	56.2 bp −$28.1K
Sell StandX live order book, 3 min ago	3.07 bp	11.7 bp −$12	11.7 bp −$117	35.3 bp −$3,531	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0030%	1h	65.020	−0.169%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.092%	$12K	$5K	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	65.130	long leg	$27.7M	$39.1M	150x
Variational Omni XAG	0.0000%	4h	65.124	−0.010%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	−0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.140	+0.015%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.072	−0.090%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.130	0.000%	$140.4M	$181.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.130	0.000%	$4.6M	$9.9M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.071	−0.091%	$5.0M	$11.7M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.099	−0.048%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.950%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.120	−0.015%	$127.0M	$160.9M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.128	−0.003%	$191.3M	$757.2M	100x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.135	+0.007%	$2.7M	$976K	100x	as long as short
StandX XAG-USDshort	+0.0040%	1h	65.160	+0.046%	$784K	$2.9M	40x
QFEX SILVER-USD	+0.0044%	1h	65.120	−0.015%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.543	+0.634%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.118	−0.019%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.088	−0.064%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.073	−0.088%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.121	−0.014%	$663K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.106	−0.036%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.070	−0.092%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.095	−0.054%	$173.0M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.097	−0.051%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.246%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.066	−0.098%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.092%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.135	+0.007%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	−0.031%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.015%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.130	0.000%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.090	−0.061%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.130	0.000%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.140	+0.016%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.111	−0.029%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.110	−0.031%	$65K	$395K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.115	−0.023%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.141	+0.016%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	−0.008%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	−0.046%	$1.0M	$869K	25x	as long as short