Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX+0.109%59s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.109% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	66.175	0	get 0.0000% / 1h	15m 48s	$15K	—	5x
Short	Binance XAGUSDT	66.247	0.0084	get 0.0042% / 4h	1h 15m	$189.7M	$728.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.109%Rate

Funding earned: $17.64
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.53
Costs to cover: 0.200%
Break-even: 3.6 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 13 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	8.5 bp −$849	17.5 bp −$8,745

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.211	+0.054%	$766K	$569K	25x	as long as short
dYdX XAG-USDlong	0.0000%	1h	66.175	long leg	$15K	—	5x
Bybit XAGUSDT	0.0000%	4h	66.260	+0.128%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.240	+0.097%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.098%	$146.2M	$173.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.113%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.270	+0.143%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	+0.128%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.171	−0.007%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.230	+0.083%	$144K	$2.8M	20x	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	66.228	+0.081%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.170	−0.008%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.340%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	+0.023%	$792K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.671	+0.749%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.206	+0.047%	$165.0M	$88.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	+0.047%	$3.9M	$698K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.170	−0.008%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.150	−0.038%	$5.7M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.195	+0.030%	$583K	$21.3M	8.1x	as long as short
Aster XAGUSDT	+0.0063%	4h	66.253	+0.118%	$2.8M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	+0.093%	$5.5M	$10.5M	—	as long as short
Bitget XAGUSDT	+0.0064%	4h	66.260	+0.128%	$24.0M	$47.8M	100x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.203	+0.042%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.194	+0.029%	$56K	$26K	25x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	66.240	+0.098%	$121.6M	$182.2M	1000x	as long as short
edgeX XAGUSDC	+0.0084%	4h	66.235	+0.091%	$672K	$315K	30x	as long as short
Binance XAGUSDTshort	+0.0084%	4h	66.247	+0.109%	$189.7M	$728.5M	100x
Aevo XAG-PERP	+0.0088%	1h	66.233	+0.087%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.184	+0.014%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	+0.053%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.180	+0.007%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	+0.068%	$1.9M	$862K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0110%	4h	66.240	+0.098%	$390K	$1.5M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	66.224	+0.075%	$30K	$1K	5x	as long as short
BloFin XAG-USDT	+0.0123%	4h	66.250	+0.113%	$2.5M	$847K	100x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.196	+0.032%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.229	+0.082%	$5.2M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0144%	1h	66.193	+0.028%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	66.260	+0.128%	$27.3M	$66.4M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.181	+0.009%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.244	+0.105%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.245	+0.106%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	+0.068%	$51K	$359K	20x	as long as short