Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.032%

Price spread now: MEXC against dYdX+0.131%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 MEXC

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 MEXC is 0.131% dearer against dYdX than usual: you sell high and buy low: +$13 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	66.473	0	get 0.0000% / 1h	4m 06s	$15K	—	5x
Short	MEXC SILVER_USDT	66.560	0.0116	get 0.0058% / 4h	3h 04m	$108.8M	$160.7M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.131%Rate

Funding earned: $24.36
Price spread: +0.131% → 0.000%: $13.08
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $27.44
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	1.0 bp −$104	4.8 bp −$2,378

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
dYdX XAG-USDlong	0.0000%	1h	66.473	long leg	$15K	—	5x
Bybit XAGUSDT	0.0000%	4h	66.580	+0.161%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.570	+0.146%	$155.1M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.580	+0.161%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.620	+0.221%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	+0.161%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.498	+0.038%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.539	+0.099%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.495	+0.033%	$5.4M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.523	+0.075%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.110%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.146%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.993	+0.782%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	+0.036%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.535	+0.093%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.487	+0.021%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.460	−0.020%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.550	+0.116%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	+0.060%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.521	+0.072%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.566	+0.140%	$2.8M	$1.1M	100x	as long as short
BloFin XAG-USDT	+0.0098%	4h	66.550	+0.116%	$2.6M	$696K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.506	+0.050%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.530	+0.086%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.010%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	+0.135%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0111%	8h	66.548	+0.113%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.559	+0.130%	$48K	—	10x	as long as short
MEXC SILVER_USDTshort	+0.0116%	4h	66.560	+0.131%	$108.8M	$160.7M	1000x
Binance XAGUSDT	+0.0118%	4h	66.565	+0.138%	$193.5M	$717.0M	100x	as long as short
edgeX XAGUSDC	+0.0119%	4h	66.554	+0.122%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.548	+0.112%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.567	+0.142%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	+0.117%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	+0.086%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.515	+0.064%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	66.560	+0.131%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	+0.131%	$28.0M	$66.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	66.520	+0.070%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.576	+0.155%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.500	+0.041%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.575	+0.153%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.540	+0.101%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.533	+0.090%	$765K	$564K	25x	as long as short