Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.081%

Price spread now: HTX against Deribit+0.061%7-day average +0.060% · 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−$35as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.061%, 7d avg +0.060%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.320	0.0209	pay 0.0026% / 1h	49m 34s	$65K	$387K	20x
Short	HTX XAG-USDT	65.360	0	get 0.0000% / 4h	49m 34s	$1.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$43.99
Price spread: +0.061% → +0.060%: $0.09
Slippage, 4 orders: −$16.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$79.13
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Deribit: live order book, 54 min ago; HTX: live order book, 4 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, 54 min ago	0.76 bp	8.8 bp −$9	9.2 bp −$92	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	3.83 bp	12.4 bp −$12	12.8 bp −$128	19.5 bp −$1,946	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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.190	−0.199%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.050%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	+0.015%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	0.000%	$2K	$2.5M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	65.360	+0.061%	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.360	+0.061%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.261	−0.090%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.012%	$5.5M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0030%	4h	65.380	+0.092%	$141.3M	$176.8M	100x	as long as short
Aster XAGUSDT	+0.0030%	4h	65.317	−0.005%	$2.7M	$951K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.314	−0.009%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.303	−0.025%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.653%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.320	0.000%	$117.4M	$157.0M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	−0.015%	$786K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.320	0.000%	$191.6M	$761.2M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.300	−0.031%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.734	+0.634%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.288	−0.049%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.281	−0.060%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.342	+0.034%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.307	−0.020%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.005%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.287	−0.051%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	65.332	+0.018%	$169.7M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.293	−0.041%	$477K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.061%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.289	−0.048%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.015%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.092%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	+0.001%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.005%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0160%	1h	65.343	+0.035%	$5.3M	$11.1M	25x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.310	−0.015%	$23.7M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0166%	4h	65.330	+0.015%	$2.7M	$582K	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.272	−0.073%	$1.2M	$4.8M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.287	−0.050%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0176%	8h	65.340	+0.031%	$28.1M	$70.6M	50x	as long as short
Hotstuff SILVER-PERP	+0.0192%	1h	65.332	+0.018%	$35K	$21K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.303	−0.027%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0209%	1h	65.320	long leg	$65K	$387K	20x
Bullet SILVER-USD	+0.0225%	1h	65.326	+0.009%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.325	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.294	−0.039%	$1.0M	$872K	25x	as long as short