Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.007%

Price spread now: Bitget against Coinbase International+0.135%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.135%, 7d avg +0.030%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.106% dearer against Coinbase International than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.480	0.0184	pay 0.0023% / 1h	8m 48s	$1.9M	$933K	20x
Short	Bitget XAGUSDT	66.570	0.0186	get 0.0093% / 4h	3h 08m	$24.6M	$47.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0.42
Price spread: +0.135% → +0.030%: $10.57
Slippage, 4 orders: −$4.73
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.74
Costs to cover: 0.267%
Break-even: 269.3 days

Slippage from Coinbase International: live order book, 5 min ago; Bitget: 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 Coinbase International live order book, 5 min ago	0.75 bp	6.1 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.75 bp	6.8 bp −$7	9.2 bp −$92	16.1 bp −$1,611	37.3 bp −$18.7K

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	66.473	−0.010%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.570	+0.135%	$25.6M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.120%	$155.1M	$169.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.075%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.120%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.075%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.462	−0.027%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.512	+0.048%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.472	−0.012%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.120%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.490	+0.015%	$800K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.953	+0.711%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.468	−0.018%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.497	+0.026%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.458	−0.033%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.135%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.510	+0.045%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.475	−0.008%	$562K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.486	+0.009%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0067%	1h	66.494	+0.021%	$165.7M	$84.6M	25x	as long as short
Aster XAGUSDT	+0.0090%	4h	66.544	+0.096%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0099%	4h	66.494	+0.021%	$5.6M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.462	−0.027%	$473K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	−0.015%	$126K	$24K	50x	as long as short
Paradex XAG-USD-PERP	+0.0107%	8h	66.511	+0.047%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0112%	4h	66.540	+0.090%	$108.8M	$160.6M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.512	+0.049%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0113%	4h	66.550	+0.105%	$193.7M	$719.6M	100x	as long as short
edgeX XAGUSDC	+0.0124%	4h	66.503	+0.034%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.517	+0.056%	$5.4M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0145%	4h	66.540	+0.090%	$2.6M	$698K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.522	+0.062%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0164%	4h	66.500	+0.030%	$391K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0184%	1h	66.480	long leg	$1.9M	$933K	20x
Nado XAG-PERP	+0.0185%	1h	66.469	−0.017%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDTshort	+0.0186%	4h	66.570	+0.135%	$24.6M	$47.6M	100x
OKX XAG-USDT-SWAP	+0.0193%	8h	66.550	+0.105%	$27.9M	$66.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0203%	1h	66.469	−0.016%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0246%	1h	66.535	+0.083%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.464	−0.023%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.083%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.510	+0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.498	+0.027%	$764K	$564K	25x	as long as short