Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.057%

Price spread now: HTX against Coinbase International+0.076%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.076%, 7d avg +0.082%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.180	0.0104	pay 0.0013% / 1h	45m 15s	$1.9M	$888K	20x
Short	HTX XAG-USDT	66.230	0	get 0.0000% / 4h	1h 45m	$1.0M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$21.84
Price spread: +0.076% → +0.082%: −$0.67
Slippage, 4 orders: −$15.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.44
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; HTX: 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	3.02 bp	8.0 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	4.53 bp	10.5 bp −$11	10.5 bp −$105	14.3 bp −$1,434	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	66.177	−0.005%	$777K	$585K	25x	as long as short
Hotstuff SILVER-PERP	−0.0048%	1h	66.161	−0.029%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.089%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.045%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.210	+0.045%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.015%	$146.4M	$171.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.200	+0.030%	$2K	$3.2M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.230	+0.076%	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.210	+0.045%	$1.5M	$247K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.074%	$120K	—	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0006%	4h	66.210	+0.045%	$23.7M	$48.5M	100x	as long as short
Aster XAGUSDT	+0.0006%	4h	66.204	+0.037%	$2.8M	$1.1M	100x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	+0.015%	$144K	$2.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0018%	4h	66.198	+0.027%	$395K	$1.6M	25x	as long as short
Variational Omni XAG	+0.0029%	4h	66.199	+0.028%	$5.4M	$10.7M	—	as long as short
Lighter RH XAG	+0.0032%	1h	66.166	−0.021%	$4.5M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.134	−0.070%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.332%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	+0.030%	$116.8M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.045%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0043%	4h	66.208	+0.042%	$189.2M	$759.2M	100x	as long as short
edgeX XAGUSDC	+0.0045%	4h	66.203	+0.034%	$672K	$316K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	66.635	+0.688%	—	—	25x	as long as short
Lighter XAG	+0.0048%	1h	66.174	−0.008%	$5.2M	$10.7M	25x	as long as short
BloFin XAG-USDT	+0.0049%	4h	66.180	0.000%	$2.5M	$1.0M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.155	−0.038%	$163.9M	$91.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.174	−0.009%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.130	−0.076%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.091%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.157	−0.035%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.199	+0.029%	$48K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.048%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0078%	1h	66.163	−0.026%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0092%	8h	66.192	+0.018%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.153	−0.041%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.160	−0.030%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.140	−0.060%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0104%	1h	66.180	long leg	$1.9M	$888K	20x
OKX XAG-USDT-SWAP	+0.0142%	8h	66.210	+0.045%	$27.2M	$67.4M	50x	as long as short
Nado XAG-PERP	+0.0161%	1h	66.145	−0.053%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0194%	1h	66.210	+0.045%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.205	+0.038%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0960%	1h	66.220	+0.060%	$60K	$354K	20x	as long as short