Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.039%

Price spread now: dYdX against edgeX−0.078%51s7-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 dYdX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.078% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	65.121	0.0050	pay 0.0025% / 4h	16m 32s	$663K	$314K	30x
Short	dYdX XAG-USD	65.070	0	get 0.0000% / 1h	16m 32s	$12K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$10.53
Price spread: −0.078% → 0.000%: −$7.82
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 22 min ago; dYdX: 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, 22 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.2 bp −$10.6K
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.0030%	1h	65.020	−0.155%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USDshort	0.0000%	1h	65.070	−0.078%	$12K	$5K	5x
Bybit XAGUSDT	0.0000%	4h	65.130	+0.014%	$27.7M	$39.2M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.124	+0.004%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	−0.001%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.045%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.045%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.061	−0.093%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.140	+0.029%	$140.5M	$181.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.126	+0.007%	$4.6M	$9.9M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.065	−0.086%	$5.0M	$11.7M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.099	−0.034%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.964%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.120	−0.001%	$126.8M	$160.8M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.120	−0.001%	$191.3M	$757.1M	100x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.135	+0.022%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.160	+0.060%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.120	−0.001%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.543	+0.648%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.115	−0.009%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.088	−0.051%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.060	−0.094%	$3K	$6K	20x	as long as short
edgeX XAGUSDClong	+0.0050%	4h	65.121	long leg	$663K	$314K	30x
Paradex XAG-USD-PERP	+0.0054%	8h	65.106	−0.022%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.070	−0.078%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.092	−0.044%	$173.0M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.106	−0.023%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.232%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.066	−0.084%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.048%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.078%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.135	+0.021%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	−0.017%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.029%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.120	−0.001%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.090	−0.048%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.120	−0.001%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.128	+0.011%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.111	−0.015%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.115	−0.009%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.143	+0.034%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	+0.022%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	−0.032%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.110	−0.017%	$65K	$395K	20x	as long as short