Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.016%

Price spread now: tradeXYZ against edgeX−0.244%66s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$330.326% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.244%, 7d avg −0.054%

Together, before fees+0.165%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.190% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 66 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	66.366	0.0201	pay 0.0100% / 4h	1h 48m	$673K	$314K	30x
Short	tradeXYZ xyz:SILVER	66.204	0.0088	get 0.0011% / 1h	48m 16s	$165.8M	$74.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.244%Rate

Funding earned: −$23.59
Price spread: −0.244% → −0.054%: −$19.04
Slippage, 4 orders: −$5.61
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$75.25
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; tradeXYZ: live order book, 12 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, 15 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$917	21.2 bp −$10.6K
Sell tradeXYZ live order book, 12 min ago	0.38 bp	9.5 bp −$9	10.2 bp −$102	doesn't fit	doesn't fit

XAG on 43 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
Hotstuff SILVER-PERP	−0.0008%	1h	66.176	−0.286%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.178	−0.283%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	−0.175%	$151.3M	$161.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.175%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	−0.130%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.230	−0.205%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.275%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.211	−0.234%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.177	−0.284%	$5.3M	$12.1M	10x	as long as short
Ondo Perps XAG-USD.P	+0.0033%	1h	66.110	−0.386%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.051%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	−0.175%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.668	+0.455%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.200	−0.250%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.179	−0.282%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.240	−0.190%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.189	−0.267%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.241%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVERshort	+0.0088%	1h	66.204	−0.244%	$165.8M	$74.7M	25x
Pacifica XAG	+0.0100%	1h	66.180	−0.280%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.190	−0.265%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.054%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.234	−0.200%	$2.7M	$916K	100x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.227	−0.210%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0142%	4h	66.270	−0.145%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.212	−0.232%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.240	−0.190%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.187%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.235	−0.198%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.230	−0.205%	$110.5M	$151.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.240	−0.190%	$191.9M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	−0.024%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDClong	+0.0201%	4h	66.366	long leg	$673K	$314K	30x
OKX XAG-USDT-SWAP	+0.0216%	8h	66.240	−0.190%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.229	−0.206%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0239%	1h	66.188	−0.269%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.230	−0.205%	$23.9M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.160	−0.311%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.246	−0.181%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	−0.134%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0332% / S −0.0343%	1h	66.245	−0.182%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.230	−0.205%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.196	−0.256%	$763K	$475K	25x	as long as short