Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.001%

Price spread now: tradeXYZ against Bybit−0.096%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.096%, 7d avg −0.090%

Together, before fees+0.090%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$2 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	66.650	0	get 0.0000% / 4h	13m 55s	$26.5M	$34.7M	150x
Short	tradeXYZ xyz:SILVER	66.586	0.0070	get 0.0009% / 1h	13m 55s	$166.0M	$87.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.096%Rate

Funding earned: $14.76
Price spread: −0.096% → −0.090%: −$0.6
Slippage, 4 orders: −$2.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.65
Costs to cover: 0.318%
Break-even: 15.4 days

Slippage from Bybit: live order book, 5 min ago; tradeXYZ: live order book, 6 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	0.75 bp	6.3 bp −$6	9.0 bp −$90	18.5 bp −$1,845	55.5 bp −$27.7K
Sell tradeXYZ live order book, 6 min ago	0.30 bp	9.8 bp −$10	10.5 bp −$105	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	66.560	−0.135%	$15K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.650	long leg	$26.5M	$34.7M	150x
Gate XAG_USDT	0.0000%	4h	66.630	−0.030%	$156.1M	$174.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	−0.030%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.650	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	−0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.560	−0.135%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.605	−0.068%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.607	−0.065%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.564	−0.129%	$5.5M	$12.2M	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	−0.375%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.531	−0.179%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.560	−0.135%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.067	+0.626%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.591	−0.089%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.558	−0.138%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.180%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.595	−0.083%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.620	−0.045%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVERshort	+0.0070%	1h	66.586	−0.096%	$166.0M	$87.0M	25x
Pacifica XAG	+0.0100%	1h	66.585	−0.097%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	−0.105%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.600	−0.075%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	−0.052%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.635	−0.022%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.625	−0.038%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.608	−0.063%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.622	−0.042%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.620	−0.045%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.630	−0.030%	$191.9M	$724.1M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	66.629	−0.031%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0156%	4h	66.640	−0.015%	$24.5M	$48.2M	100x	as long as short
BloFin XAG-USDT	+0.0157%	4h	66.610	−0.060%	$2.6M	$652K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	−0.060%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.550	−0.150%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	−0.024%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.630	−0.030%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.640	−0.015%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.631	−0.028%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.597	−0.079%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.564	−0.130%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	−0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.620	−0.045%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.594	−0.084%	$764K	$588K	25x	as long as short