Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.017%

Price spread now: Binance against Extended+0.103%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.103%, 7d avg +0.074%

Together, before fees−0.103%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.030% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.082	0.0032	pay 0.0004% / 1h	52m 07s	$5.2M	$11.5M	10x
Short	Binance XAGUSDT	66.150	0.0167	get 0.0083% / 4h	2h 52m	$191.4M	$703.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.103%Rate

Funding earned: $28.3
Price spread: +0.103% → +0.074%: $2.97
Slippage, 4 orders: −$2.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.91
Costs to cover: 0.174%
Break-even: 3.6 days

Slippage from Extended: live order book, 2 min ago; Binance: live order book, 7 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 Extended live order book, 2 min ago	0.08 bp	3.3 bp −$3	5.4 bp −$54	12.7 bp −$1,267	doesn't fit
Sell Binance live order book, 7 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.9 bp −$885	19.8 bp −$9,915

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
dYdX XAG-USD	0.0000%	1h	66.050	−0.048%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.028%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.164%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.103%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.092	+0.016%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0006%	1h	65.990	−0.139%	$5.7M	$9.2M	25x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.112	+0.046%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.136	+0.082%	$4.8M	$9.2M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.082	long leg	$5.2M	$11.5M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.482%	$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
Phoenix SILVER	+0.0036%	1h	66.018	−0.096%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.082	0.000%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.043%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.545	+0.701%	—	—	25x	as long as short
Gate XAG_USDT	+0.0050%	4h	66.160	+0.119%	$149.9M	$153.9M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.081	−0.001%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.089	+0.011%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.090	+0.013%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.088	+0.010%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.089	+0.011%	$530K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0092%	1h	66.116	+0.052%	$166.7M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.043	−0.059%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	+0.043%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.000	−0.124%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0112%	4h	66.160	+0.119%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.140	+0.088%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.146	+0.097%	$5.2M	$10.6M	25x	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.137	+0.084%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0157%	4h	66.083	+0.003%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.150	+0.103%	$116.4M	$151.8M	1000x	as long as short
Binance XAGUSDTshort	+0.0167%	4h	66.150	+0.103%	$191.4M	$703.1M	100x
edgeX XAGUSDC	+0.0170%	4h	66.074	−0.012%	$671K	$310K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.154%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.065	−0.025%	$1.4M	$5.6M	10x	as long as short
Aftermath Perps XAGUSD	+0.0200%	1h	66.041	−0.061%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.073%	$75K	$363K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.080	−0.003%	$2.6M	$570K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.063	−0.028%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.160	+0.119%	$27.8M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0224%	4h	66.150	+0.103%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0252%	1h	66.148	+0.100%	$44K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.076	−0.008%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.111%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.104	+0.033%	$908K	$688K	25x	as long as short