Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%

Price spread now: HTX against Extended+0.108%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.108%, 7d avg +0.094%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.348	0.0032	pay 0.0004% / 1h	15m 36s	$5.4M	$12.1M	10x
Short	HTX XAG-USDT	66.420	0	get 0.0000% / 4h	2h 15m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$6.72
Price spread: +0.108% → +0.094%: $1.36
Slippage, 4 orders: −$13.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.82
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago	0.08 bp	5.9 bp −$6	7.9 bp −$79	13.2 bp −$1,322	doesn't fit
Sell HTX live order book, 3 min ago	4.51 bp	10.5 bp −$11	10.5 bp −$105	13.4 bp −$1,342	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
dYdX XAG-USD	0.0000%	1h	66.355	+0.011%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.430	+0.123%	$153.4M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	+0.063%	$2K	$2.8M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.420	+0.108%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.410	+0.093%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.319	−0.045%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.383	+0.052%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.397	+0.074%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.348	long leg	$5.4M	$12.1M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.078%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.410	+0.093%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.832	+0.729%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.081%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.073%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.370	+0.033%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.286	−0.094%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	+0.078%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.371	+0.034%	$541K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.423	+0.112%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.377	+0.043%	$166.0M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.366	+0.027%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.370	+0.033%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	+0.048%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.410	+0.093%	$2.8M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.420	+0.108%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.410	+0.092%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	+0.037%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.350	+0.002%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0178%	4h	66.420	+0.108%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.410	+0.093%	$192.4M	$706.1M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.110%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.093%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.406	+0.087%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	66.430	+0.123%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.371	+0.034%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.365	+0.025%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.381	+0.050%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.410	+0.093%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.153%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.408	+0.090%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.405	+0.085%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	−0.012%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.351	+0.004%	$765K	$478K	25x	as long as short