Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.081%

Price spread now: SunX against Deribit+0.031%7-day average +0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on SunX

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)−0.008%−$1 · spread now +0.031%, 7d avg +0.022%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, 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	65.130	0.0211	pay 0.0026% / 1h	8m 27s	$65K	$397K	20x
Short	SunX XAG-USDT	65.150	0	get 0.0000% / 4h	8m 27s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$44.27
Price spread: +0.031% → +0.022%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 30 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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, 30 min ago	0.76 bp	10.3 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	501.65 bp	doesn't fit	doesn't fit	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	−0.0028%	1h	65.000	−0.200%	$5.7M	$9.9M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.061	−0.107%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.110	−0.031%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.149%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.150	+0.031%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.170	+0.061%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.031%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.035	−0.145%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.121	−0.014%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.130	0.000%	$140.4M	$181.5M	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	65.111	−0.030%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.041	−0.137%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.950%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.110	−0.031%	$125.8M	$162.3M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.093	−0.057%	$191.2M	$755.5M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.240	+0.169%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.103	−0.041%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	−0.031%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.535	+0.622%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.083	−0.073%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.081	−0.075%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.064%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.186%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.092	−0.058%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	+0.124%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.082	−0.074%	$173.0M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.146	+0.025%	$490K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.246%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.058	−0.110%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.070	−0.092%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.107%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.118	−0.019%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	+0.031%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.136%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.065	−0.100%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.100	−0.046%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.100	−0.046%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.111	−0.029%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.121	−0.014%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0211%	1h	65.130	long leg	$65K	$397K	20x
Hibachi XAG/USDT-P	+0.0232%	1h	65.097	−0.050%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.121	−0.014%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	−0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.119	−0.017%	$1.0M	$869K	25x	as long as short