Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.047%

Price spread now: Binance against Deribit+0.039%7-day average +0.010% · 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−$23as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.039%, 7d avg +0.010%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.029% dearer against Deribit than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.820	0.0206	pay 0.0026% / 1h	34m 23s	$72K	$360K	20x
Short	Binance XAGUSDT	65.845	0.0144	get 0.0072% / 4h	2h 34m	$189.9M	$705.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$13
Price spread: +0.039% → +0.010%: $2.88
Slippage, 4 orders: −$9.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.14
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Deribit: live order book, 14 min ago; Binance: live order book, 9 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, 14 min ago	0.76 bp	10.2 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	7.9 bp −$787	19.3 bp −$9,625

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	−0.0050%	1h	65.720	−0.152%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.751	−0.104%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.890	+0.106%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.000	+0.273%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.920	+0.152%	$1.5M	$259K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.772	−0.073%	$120K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.826	+0.010%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.804	−0.024%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.760	−0.091%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.881%	$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
Gate XAG_USDT	+0.0034%	4h	65.850	+0.046%	$147.9M	$155.3M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.953	+0.202%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.880	+0.091%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.274	+0.690%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.784	−0.055%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.808	−0.018%	$3.9M	$677K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.830	+0.015%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.820	0.000%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.804	−0.024%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.808	−0.018%	$165.9M	$73.8M	25x	as long as short
Bybit XAGUSDT	+0.0065%	4h	65.860	+0.061%	$27.6M	$36.6M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.862	+0.064%	$620K	$26.9M	8.1x	as long as short
BloFin XAG-USDT	+0.0094%	4h	65.930	+0.167%	$2.6M	$567K	100x	as long as short
Aster XAGUSDT	+0.0096%	4h	65.830	+0.015%	$2.7M	$884K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.774	−0.070%	$469K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.780	−0.061%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	+0.152%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0128%	1h	65.807	−0.020%	$5.3M	$10.8M	25x	as long as short
Variational Omni XAG	+0.0130%	4h	65.905	+0.129%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.836	+0.025%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.840	+0.030%	$117.2M	$152.2M	1000x	as long as short
Binance XAGUSDTshort	+0.0144%	4h	65.845	+0.039%	$189.9M	$705.2M	100x
edgeX XAGUSDC	+0.0154%	4h	65.979	+0.242%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.798	−0.034%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.860	+0.061%	$1.8M	$1.1M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	65.990	+0.259%	$388K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	65.938	+0.179%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0206%	1h	65.820	long leg	$72K	$360K	20x
Bitget XAGUSDT	+0.0208%	4h	65.840	+0.030%	$23.9M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.860	+0.061%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0219%	1h	65.852	+0.049%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.860	+0.061%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	65.845	+0.038%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0468%	1h	65.881	+0.093%	$905K	$701K	25x	as long as short