Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.058%

Price spread now: Aster against Deribit+0.032%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.032%, 7d avg +0.009%

Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.023% dearer against Deribit than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.009%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.040	0.0211	pay 0.0026% / 1h	52m 36s	$76K	$416K	20x
Short	Aster XAGUSDT	65.061	0.0065	get 0.0032% / 4h	3h 52m	$2.6M	$987K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$30.82
Price spread: +0.032% → +0.009%: $2.31
Slippage, 4 orders: −$9.13
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.64
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Deribit: live order book, 46 min ago; Aster: live order book, 1 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 Deribit live order book, 46 min ago	0.76 bp	10.3 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.77 bp	4.8 bp −$5	6.7 bp −$67	13.8 bp −$1,379	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	64.987	−0.082%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.090	+0.077%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.100	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.080	+0.062%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.003	−0.057%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0018%	4h	65.014	−0.040%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.049	+0.013%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.988	−0.080%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.091%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.010	−0.046%	$782K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.470	+0.661%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.050	+0.015%	$171K	$1.4M	20x	as long as short
Gate XAG_USDT	+0.0050%	4h	65.070	+0.046%	$139.8M	$179.0M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.004	−0.055%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.991	−0.075%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.940	−0.154%	$5.6M	$9.8M	25x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.050	+0.015%	$125.6M	$155.7M	1000x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.060	+0.031%	$193.3M	$761.8M	100x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.036	−0.007%	$29K	$1K	5x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.047	+0.011%	$35K	$21K	20x	as long as short
Aster XAGUSDTshort	+0.0065%	4h	65.061	+0.032%	$2.6M	$987K	100x
edgeX XAGUSDC	+0.0068%	4h	65.017	−0.035%	$662K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.055	+0.023%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.010	−0.046%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0082%	24h	65.067	+0.042%	$478K	$33.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	64.993	−0.072%	$462K	$594K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.030	−0.015%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.990	−0.077%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.011	−0.045%	$55K	$31K	25x	as long as short
Bybit XAGUSDT	+0.0118%	4h	65.070	+0.046%	$27.3M	$39.4M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0146%	1h	65.023	−0.026%	$173.7M	$85.7M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.054	+0.021%	$1.3M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.041	+0.001%	$1.2M	$4.6M	10x	as long as short
Bitget XAGUSDT	+0.0182%	4h	65.060	+0.031%	$23.2M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.060	+0.031%	$28.5M	$72.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0202%	1h	65.023	−0.027%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0211%	1h	65.040	long leg	$76K	$416K	20x
BloFin XAG-USDT	+0.0223%	4h	65.050	+0.015%	$2.7M	$631K	100x	as long as short
Lighter XAG	+0.0224%	1h	65.041	+0.001%	$5.3M	$10.7M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.065	+0.038%	$92K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	64.950	−0.138%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0317%	1h	65.079	+0.060%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0388%	4h	65.056	+0.025%	$383K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.047	+0.011%	$1.0M	$868K	25x	as long as short