Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.033%

Price spread now: Paradex against Coinbase International+0.408%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.408% dearer against Coinbase International than usual: you sell high and buy low (spread +0.408% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	64.970	0.0096	pay 0.0012% / 1h	11m 23s	$1.6M	$1.4M	20x
Short	Paradex XAG-USD-PERP	65.235	0.0054	get 0.0054% / 8h	11m 23s	$29K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.408%Rate

Funding earned: −$8.89
Price spread: +0.408% → 0.000%: $40.85
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $17.96
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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, 2 min ago	0.77 bp	6.2 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0028%	1h	65.170	+0.308%	$5.7M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	+0.350%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.250	+0.431%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	+0.238%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.280	+0.477%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.310	+0.523%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.280	+0.477%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.175	+0.316%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.250	+0.431%	$140.6M	$181.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.253	+0.436%	$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	65.194	+0.345%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.201%	$11K	$94K	52x	as long as short
Binance XAGUSDT	+0.0036%	4h	65.233	+0.405%	$191.6M	$755.6M	100x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.230	+0.400%	$126.7M	$162.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.290	+0.493%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.245	+0.423%	$2.7M	$976K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.220	+0.385%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	+0.212%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.660	+1.062%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.279	+0.476%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.204	+0.360%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.217	+0.380%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERPshort	+0.0054%	8h	65.235	+0.408%	$29K	$1K	5x
Phoenix SILVER	+0.0061%	1h	65.211	+0.371%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.203	+0.359%	$173.3M	$84.9M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.220	+0.385%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.255	+0.439%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	64.970	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.194	+0.345%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.210	+0.369%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.180	+0.323%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.245	+0.424%	$1.3M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.220	+0.385%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0146%	4h	65.293	+0.497%	$395K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.195	+0.346%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.240	+0.416%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.240	+0.416%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.255	+0.439%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0190%	1h	65.162	+0.296%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.260	+0.446%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.239	+0.414%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.288	+0.489%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.285	+0.485%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.269	+0.460%	$1.0M	$869K	25x	as long as short