Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.006%

Price spread now: Bybit against Extended+0.108%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days−0.055%−$6 · spread now +0.108%, 7d avg +0.083%

Together, before fees−0.117%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.025% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.048	0.0032	pay 0.0004% / 1h	53m 22s	$5.2M	$11.5M	10x
Short	Bybit XAGUSDT	66.120	0.0109	get 0.0054% / 4h	2h 53m	$27.8M	$36.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.108%Rate

Funding earned: $16.14
Price spread: +0.108% → +0.083%: $2.51
Slippage, 4 orders: −$3.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.99
Costs to cover: 0.196%
Break-even: 7.4 days

Slippage from Extended: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago	0.08 bp	3.2 bp −$3	4.5 bp −$45	10.2 bp −$1,018	doesn't fit
Sell Bybit live order book, 5 min ago	0.76 bp	6.3 bp −$6	8.1 bp −$81	15.8 bp −$1,583	62.3 bp −$31.1K

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	65.989	−0.091%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.093%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.154%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.093%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.050	+0.003%	$120K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0008%	1h	65.990	−0.088%	$5.7M	$9.2M	25x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.110	+0.093%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.099	+0.077%	$4.8M	$9.2M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.048	long leg	$5.2M	$11.5M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.532%	$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	−0.046%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.052	+0.006%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.090	+0.063%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.521	+0.716%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.075	+0.040%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.048	−0.001%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.090	+0.063%	$114K	$2.7M	20x	as long as short
Gate XAG_USDT	+0.0054%	4h	66.120	+0.108%	$149.8M	$153.9M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.074	+0.039%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.065	+0.025%	$530K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.073	+0.037%	$166.6M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.026	−0.034%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.060	+0.018%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.000	−0.073%	$113K	$30K	50x	as long as short
Bybit XAGUSDTshort	+0.0109%	4h	66.120	+0.108%	$27.8M	$36.4M	150x
Aster XAGUSDT	+0.0116%	4h	66.100	+0.078%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.106	+0.088%	$5.2M	$10.6M	25x	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.097	+0.073%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0157%	4h	66.083	+0.053%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.110	+0.093%	$116.5M	$151.7M	1000x	as long as short
Binance XAGUSDT	+0.0167%	4h	66.110	+0.093%	$191.5M	$703.0M	100x	as long as short
edgeX XAGUSDC	+0.0170%	4h	66.074	+0.039%	$671K	$310K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.103%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0195%	1h	66.067	+0.029%	$1.4M	$5.6M	10x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	66.038	−0.016%	$79K	$36K	10x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.080	+0.048%	$2.6M	$570K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.063	+0.022%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0222%	8h	66.100	+0.078%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0224%	4h	66.100	+0.078%	$23.9M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0255%	1h	66.110	+0.093%	$44K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.053	+0.007%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.100	+0.078%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.115	+0.101%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.079	+0.046%	$908K	$688K	25x	as long as short