Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.029%

Price spread now: Bullet against edgeX−0.046%67s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Bullet is 0.046% cheaper against edgeX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). The two prices were read 67 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	edgeX XAGUSDC	66.201	0.0200	pay 0.0100% / 4h	1h 06m	$672K	$314K	30x
Short	Bullet SILVER-USD	66.170	0.0272	get 0.0034% / 1h	6m 08s	$45K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against edgeX. 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 edgeXbpFee BulletbpOrdersPrice spread, now −0.046%Rate

Funding earned: $15.19
Price spread: −0.046% → 0.000%: −$4.62
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$6.42
Costs to cover: 0.170%
Break-even: 10.0 days

Slippage unknown: edgeX: live order book, 58 min ago; Bullet: no order-book sample. 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 edgeX live order book, 58 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$917	21.2 bp −$10.6K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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-USD	0.0000%	1h	66.087	−0.172%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.170	−0.046%	$149.7M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	−0.061%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	−0.001%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	−0.016%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.086	−0.173%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.143	−0.087%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.144	−0.086%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.091	−0.165%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.301%	$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	66.160	−0.061%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.605	+0.611%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.030	−0.258%	$5.7M	$9.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	−0.096%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.088	−0.170%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.180	−0.031%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.133	−0.102%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.141	−0.090%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.130	−0.107%	$165.4M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.117	−0.127%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.122%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.076%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0123%	4h	66.155	−0.068%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.169	−0.048%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0129%	4h	66.190	−0.016%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.190	−0.016%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.152	−0.073%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	−0.088%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.179	−0.033%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.146	−0.082%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.150	−0.076%	$106.6M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.170	−0.046%	$191.8M	$705.5M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	−0.031%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDClong	+0.0200%	4h	66.201	long leg	$672K	$314K	30x
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.107%	$63K	$336K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.160	−0.061%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.130	−0.106%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.152	−0.073%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.160	−0.061%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.200	−0.001%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USDshort	+0.0272%	1h	66.170	−0.046%	$45K	$75K	10x
Hibachi XAG/USDT-P	+0.0288%	1h	66.120	−0.122%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0386%	1h	66.155	−0.069%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.133	−0.103%	$912K	$674K	25x	as long as short