Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.009%

Price spread now: Lighter against edgeX+0.075%109s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.140% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.075%, 7d avg −0.014%

Together, before fees+0.004%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.089% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 109 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	66.317	0.0105	pay 0.0052% / 4h	1h 07m	$673K	$314K	30x
Short	Lighter XAG	66.366	0.0136	get 0.0017% / 1h	7m 45s	$5.2M	$11.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.075%Rate

Funding earned: $6.55
Price spread: +0.075% → −0.014%: $8.91
Slippage, 4 orders: −$4.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.47
Costs to cover: 0.140%
Break-even: 5.4 days

Slippage from edgeX: live order book, 11 min ago; Lighter: live order book, 6 min ago.

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, 11 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.5K
Sell Lighter live order book, 6 min ago	0.23 bp	0.2 bp $0	0.3 bp −$3	5.2 bp −$523	15.0 bp −$7,497

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	−0.0271%	1h	66.360	+0.065%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.030%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.390	+0.110%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.393	+0.115%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.095%	$146.5M	$173.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.400	+0.126%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	+0.110%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	+0.110%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.321	+0.007%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.335	+0.028%	$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
QFEX SILVER-USD	+0.0016%	1h	66.370	+0.080%	$124K	$2.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.367	+0.075%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.316	−0.001%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.126%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.320	+0.005%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.821	+0.760%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.350	+0.050%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.320	+0.005%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.290	−0.040%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.342	+0.038%	$165.3M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.334	+0.026%	$588K	$21.4M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	66.292	−0.037%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	+0.014%	$5.5M	$10.5M	—	as long as short
Bitget XAGUSDT	+0.0078%	4h	66.390	+0.110%	$24.0M	$47.9M	100x	as long as short
Aster XAGUSDT	+0.0079%	4h	66.370	+0.080%	$2.8M	$1.0M	100x	as long as short
MEXC SILVER_USDT	+0.0090%	4h	66.380	+0.095%	$123.4M	$182.6M	1000x	as long as short
Binance XAGUSDT	+0.0093%	4h	66.384	+0.101%	$190.5M	$729.2M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.382	+0.099%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.327	+0.015%	$474K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	+0.065%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.161%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.146%	$1.9M	$861K	20x	as long as short
edgeX XAGUSDClong	+0.0105%	4h	66.317	long leg	$673K	$314K	30x
BloFin XAG-USDT	+0.0109%	4h	66.330	+0.020%	$2.5M	$848K	100x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.376	+0.089%	$30K	$1K	5x	as long as short
GRVT XAG_USDT_Perp	+0.0126%	4h	66.280	−0.055%	$395K	$1.4M	25x	as long as short
Aftermath Perps XAGUSD	+0.0129%	1h	66.268	−0.073%	$80K	$40K	10x	as long as short
Lighter XAGshort	+0.0136%	1h	66.366	+0.075%	$5.2M	$11.0M	25x
OKX XAG-USDT-SWAP	+0.0179%	8h	66.390	+0.110%	$27.4M	$66.5M	50x	as long as short
Hibachi XAG/USDT-P	+0.0192%	1h	66.310	−0.010%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.336	+0.029%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.404	+0.132%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.395	+0.118%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.370	+0.080%	$51K	$359K	20x	as long as short