Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: Phoenix against edgeX−0.016%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	65.591	0.0119	pay 0.0060% / 4h	1h 55m	$668K	$314K	30x
Short	Phoenix SILVER	65.581	0.0036	get 0.0005% / 1h	55m 05s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$17.42
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 54 min ago; Phoenix: 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, 54 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$919	21.0 bp −$10.5K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Hibachi XAG/USDT-P	−0.0096%	1h	65.550	−0.063%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0022%	1h	65.510	−0.124%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.584	−0.011%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.028%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.660	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	−0.002%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.527	−0.099%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.577	−0.022%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.540	−0.079%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.233%	$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
Gate XAG_USDT	+0.0034%	4h	65.600	+0.013%	$144.1M	$176.5M	100x	as long as short
Phoenix SILVERshort	+0.0036%	1h	65.581	−0.016%	$56K	$31K	25x
StandX XAG-USD	+0.0040%	1h	65.610	+0.028%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.032	+0.672%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.575	−0.025%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.620	+0.044%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.550	−0.063%	$170.9M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.589	−0.004%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.533	−0.089%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0059%	4h	65.560	−0.048%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.607	+0.024%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.630	+0.059%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0064%	4h	65.560	−0.048%	$28.8M	$39.3M	150x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.562	−0.045%	$468K	$29.2M	8.1x	as long as short
Nado XAG-PERP	+0.0092%	1h	65.582	−0.014%	$1.2M	$5.5M	10x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.064%	$5.5M	$9.4M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.564	−0.041%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.048%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.028%	$112K	$19K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	65.550	−0.063%	$188.6M	$746.9M	100x	as long as short
Lighter XAG	+0.0104%	1h	65.582	−0.015%	$5.4M	$11.2M	25x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.580	−0.017%	$113.4M	$156.1M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.585	−0.010%	$47K	—	10x	as long as short
edgeX XAGUSDClong	+0.0119%	4h	65.591	long leg	$668K	$314K	30x
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.590	−0.002%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0148%	4h	65.631	+0.060%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0181%	1h	65.652	+0.092%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0198%	4h	65.590	−0.002%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0203%	8h	65.550	−0.063%	$27.8M	$70.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.604	+0.019%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.580	−0.017%	$66K	$370K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.585	−0.010%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0342%	4h	65.610	+0.028%	$2.6M	$619K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0491%	1h	65.563	−0.043%	$914K	$735K	25x	as long as short