Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.024%

Price spread now: StandX against edgeX−0.015%63s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$350.352% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.015%, 7d avg −0.014%

Together, before fees−0.060%+ Points / potential airdropedgeX: Active · StandX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 63 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	65.690	0.0138	pay 0.0069% / 4h	1h 49m	$669K	$314K	30x
Short	StandX XAG-USD	65.680	0.0040	get 0.0005% / 1h	49m 55s	$790K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$20.58
Price spread: −0.015% → −0.014%: −$0.12
Slippage, 4 orders: −$18.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$55.88
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from edgeX: live order book, 62 min ago; StandX: live order book, 2 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, 62 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.9 bp −$11.0K
Sell StandX live order book, 2 min ago	2.28 bp	10.9 bp −$11	11.4 bp −$114	36.1 bp −$3,606	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.240%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.598	−0.140%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.710	+0.031%	$138.6M	$204.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.720	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.710	+0.031%	$1.5M	$252K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.198%	$5.7M	$11.0M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.658	−0.049%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.696	+0.009%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.624	−0.100%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.656%	$11K	$240	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	65.680	−0.015%	$790K	$3.0M	40x
Vest SI-PERP	+0.0046%	1h	66.106	+0.634%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.645	−0.068%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.639	−0.077%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.660	−0.045%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	65.662	−0.042%	$174.6M	$94.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.652	−0.058%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0086%	4h	65.668	−0.033%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.676	−0.021%	$720K	$38.7M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.614	−0.116%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.650	−0.061%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.670	−0.030%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	0.000%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0111%	4h	65.680	−0.015%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0112%	4h	65.680	−0.015%	$191.8M	$863.0M	100x	as long as short
MEXC SILVER_USDT	+0.0112%	4h	65.660	−0.045%	$122.0M	$162.9M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.681	−0.013%	$47K	—	10x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.689	−0.001%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.676	−0.021%	$55K	$14K	25x	as long as short
Bybit XAGUSDT	+0.0133%	4h	65.690	0.000%	$30.6M	$48.2M	150x	as long as short
edgeX XAGUSDClong	+0.0138%	4h	65.690	long leg	$669K	$314K	30x
GRVT XAG_USDT_Perp	+0.0140%	4h	65.730	+0.061%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0143%	1h	65.641	−0.074%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.686	−0.006%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	−0.015%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.684	−0.009%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.700	+0.015%	$28.0M	$85.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.656	−0.052%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.690	0.000%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.634	−0.085%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0269% / S −0.0236%	1h	65.745	+0.084%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0355%	4h	65.690	0.000%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.657	−0.050%	$1.0M	$943K	25x	as long as short