Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.039%

Price spread now: Aster against Coinbase International+0.044%54s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.229% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.044%, 7d avg +0.029%

Together, before fees−0.307%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.200	0.0104	pay 0.0013% / 1h	30m 18s	$1.9M	$868K	20x
Short	Aster XAGUSDT	66.229	0.0032	get 0.0016% / 4h	1h 30m	$2.8M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$15.06
Price spread: +0.044% → +0.029%: $1.44
Slippage, 4 orders: −$4.89
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.52
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Aster: 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 Coinbase International live order book, 3 min ago	1.51 bp	6.5 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.75 bp	5.1 bp −$5	6.9 bp −$69	12.3 bp −$1,229	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	66.178	−0.033%	$766K	$579K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.119%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.230	+0.045%	$25.5M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.226	+0.040%	$1.3M	$4.2M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.183	−0.026%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	+0.015%	$146.4M	$172.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.030%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.240	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.015%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.159	−0.062%	$120K	—	250x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SILVER-USD	+0.0016%	1h	66.210	+0.015%	$144K	$2.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.205	+0.008%	$4.7M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.151	−0.074%	$5.5M	$13.5M	10x	as long as short
Aster XAGUSDTshort	+0.0032%	4h	66.229	+0.044%	$2.8M	$1.0M	100x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.302%	$11K	$94K	52x	as long as short
Bitget XAGUSDT	+0.0038%	4h	66.240	+0.060%	$23.7M	$47.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.076%	$792K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.654	+0.686%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.188	−0.018%	$164.9M	$88.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.194	−0.009%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.138	−0.094%	$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
Variational Omni XAG	+0.0055%	4h	66.207	+0.010%	$5.5M	$10.5M	—	as long as short
Kalshi KXSILVERPERP	+0.0056%	24h	66.166	−0.051%	$592K	$21.6M	8.1x	as long as short
MEXC SILVER_USDT	+0.0068%	4h	66.220	+0.030%	$117.0M	$181.6M	1000x	as long as short
Binance XAGUSDT	+0.0070%	4h	66.230	+0.045%	$189.6M	$731.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0072%	4h	66.220	+0.030%	$389K	$1.5M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	66.221	+0.032%	$48K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.131	−0.104%	$56K	$26K	25x	as long as short
edgeX XAGUSDC	+0.0079%	4h	66.198	−0.003%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0085%	4h	66.210	+0.015%	$2.5M	$836K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.167	−0.050%	$473K	$629K	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	66.130	−0.106%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0104%	1h	66.200	long leg	$1.9M	$868K	20x
Aftermath Perps XAGUSD	+0.0111%	1h	66.175	−0.038%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0114%	8h	66.208	+0.013%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0128%	1h	66.211	+0.017%	$5.1M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0161%	8h	66.220	+0.030%	$27.3M	$66.3M	50x	as long as short
Nado XAG-PERP	+0.0213%	1h	66.166	−0.052%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0261%	1h	66.237	+0.057%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.235	+0.053%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.190	−0.015%	$51K	$360K	20x	as long as short