Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.053%

Price spread now: KuCoin against Deribit−0.045%7-day average −0.050% · 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−$29as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.045%, 7d avg −0.050%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$8 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	66.080	0.0356	pay 0.0044% / 1h	18m 47s	$75K	$363K	20x
Short	KuCoin XAGUSDTM	66.050	0.0100	get 0.0050% / 4h	3h 18m	$24.4M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$53.69
Price spread: −0.045% → −0.050%: $0.49
Slippage, 4 orders: −$10.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.56
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Deribit: live order book, 35 min ago; KuCoin: live order book, 5 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, 35 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.76 bp	9.1 bp −$9	16.0 bp −$160	doesn't fit	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	−0.0061%	1h	65.960	−0.182%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.138%	$14K	$66	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	+0.015%	$149.9M	$164.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.030%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.015%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.026	−0.081%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.074	−0.009%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.027	−0.080%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$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	66.080	0.000%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.513	+0.655%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	−0.065%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.045	−0.053%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.083%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.074	−0.009%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.070	−0.015%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	−0.047%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.129%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.054	−0.039%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.093	+0.020%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.035	−0.068%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.050	−0.045%	$24.4M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.076%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.078	−0.003%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0115%	4h	66.100	+0.030%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.076	−0.007%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.073	−0.011%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.051	−0.044%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0170%	4h	66.060	−0.030%	$2.6M	$563K	100x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	−0.010%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.007%	$395K	$1.5M	25x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.080	0.000%	$114.8M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.080	0.000%	$190.9M	$702.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0187%	1h	66.020	−0.090%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	−0.014%	$670K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.076%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.080	0.000%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.095	+0.023%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.080	0.000%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.037	−0.065%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0356%	1h	66.080	long leg	$75K	$363K	20x
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.095	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.056	−0.037%	$912K	$683K	25x	as long as short