Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.044%

Price spread now: edgeX against Deribit−0.054%7-day average +0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.054%, 7d avg +0.002%

Together, before fees−0.061%+ Points / potential airdropedgeX: Active · farm board−$6 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: edgeX is 0.055% cheaper against Deribit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	66.050	0.0204	pay 0.0026% / 1h	22m 42s	$75K	$363K	20x
Short	edgeX XAGUSDC	66.015	0.0196	get 0.0098% / 4h	3h 22m	$670K	$310K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$1.7
Price spread: −0.054% → +0.002%: −$5.52
Slippage, 4 orders: −$10.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.79
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; edgeX: live order book, 31 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, 31 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$920	20.8 bp −$10.4K

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	−0.0057%	1h	65.920	−0.197%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.093%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.015%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.030%	$1.5M	$320K	100x	as long as short
Gate XAG_USDT	+0.0002%	4h	66.090	+0.061%	$150.0M	$163.8M	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.002	−0.073%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.059	+0.014%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.011	−0.060%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.530%	$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	66.020	−0.045%	$794K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.471	+0.637%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.048%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	−0.073%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.033	−0.026%	$166.5M	$73.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.052	+0.003%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.030%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.132%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	−0.067%	$517K	$26.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.992	−0.088%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.054	+0.006%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.061	+0.016%	$5.2M	$10.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.016	−0.052%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.015%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.106%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.090	+0.061%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0129%	4h	66.070	+0.030%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	−0.015%	$2.6M	$563K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	66.011	−0.059%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.040	−0.015%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.056%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0184%	4h	66.070	+0.030%	$191.2M	$701.6M	100x	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.060	+0.015%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.982	−0.103%	$79K	$36K	10x	as long as short
edgeX XAGUSDCshort	+0.0196%	4h	66.015	−0.054%	$670K	$310K	30x
Deribit SILVER_USDC-PERPETUALlong	+0.0204%	1h	66.050	long leg	$75K	$363K	20x
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.036%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.151%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.080	+0.045%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.059	+0.013%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.070	+0.030%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.121%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	−0.040%	$911K	$683K	25x	as long as short