Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.036%

Price spread now: BloFin against dYdX+0.115%7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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 +$4 a day on $10k at the current rate, and BloFin is 0.115% dearer against dYdX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	65.145	0	get 0.0000% / 1h	13m 12s	$12K	$5K	5x
Short	BloFin XAG-USDT	65.220	0.0141	get 0.0070% / 4h	13m 12s	$2.7M	$626K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.115%Rate

Funding earned: $29.53
Price spread: +0.115% → 0.000%: $11.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $19.08
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.77 bp	6.8 bp −$7	6.8 bp −$68	8.8 bp −$885	17.8 bp −$8,915

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
Ondo Perps XAG-USD.P	−0.0028%	1h	65.120	−0.038%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.081	−0.098%	$35K	$21K	20x	as long as short
dYdX XAG-USDlong	0.0000%	1h	65.145	long leg	$12K	$5K	5x
Bybit XAGUSDT	0.0000%	4h	65.280	+0.208%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.031%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.260	+0.177%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.290	+0.223%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.270	+0.192%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.195	+0.077%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.270	+0.192%	$140.6M	$181.4M	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	65.267	+0.187%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.199	+0.084%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.927%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.260	+0.177%	$126.7M	$162.1M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.279	+0.206%	$191.8M	$755.7M	100x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.270	+0.192%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	−0.053%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.210	+0.100%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.057%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.639	+0.759%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.253	+0.165%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.221	+0.117%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.208	+0.097%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.170	+0.039%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.067%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.221	+0.117%	$173.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.197	+0.080%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.268%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.130	−0.023%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.230	+0.131%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.115%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.237	+0.142%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDTshort	+0.0141%	4h	65.220	+0.115%	$2.7M	$626K	100x
GRVT XAG_USDT_Perp	+0.0144%	4h	65.139	−0.009%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0158%	1h	65.215	+0.108%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.270	+0.192%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.270	+0.192%	$28.5M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.264	+0.183%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.109	−0.054%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.250	+0.161%	$65K	$396K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.106	−0.060%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.256	+0.171%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.115	−0.046%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.239	+0.145%	$1.0M	$869K	25x	as long as short