Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Extended+0.062%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.062%, 7d avg +0.001%

Together, before fees−0.031%+ Points / potential airdropExtended: Active · farm board−$3 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 KuCoin is 0.060% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.349	0.0032	pay 0.0004% / 1h	44m 32s	$5.5M	$12.3M	10x
Short	KuCoin XAGUSDTM	66.390	0.0100	get 0.0050% / 4h	44m 32s	$24.4M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $14.28
Price spread: +0.062% → +0.001%: $6.01
Slippage, 4 orders: −$7.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.19
Costs to cover: 0.245%
Break-even: 9.1 days

Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.08 bp	2.6 bp −$3	3.8 bp −$38	11.7 bp −$1,169	doesn't fit
Sell KuCoin live order book, 4 min ago	0.75 bp	9.0 bp −$9	14.7 bp −$147	doesn't fit	doesn't fit

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	66.370	+0.031%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.440	+0.137%	$25.7M	$33.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.092%	$147.3M	$169.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.440	+0.137%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.470	+0.182%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.420	+0.107%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.362	+0.020%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	+0.076%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.349	long leg	$5.5M	$12.3M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.077%	$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	66.397	+0.072%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.374	+0.037%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	+0.077%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.881	+0.802%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.402	+0.080%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.353	+0.006%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.044%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.407	+0.087%	$589K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.430	+0.122%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0067%	1h	66.372	+0.034%	$165.4M	$87.5M	25x	as long as short
Variational Omni XAG	+0.0088%	4h	66.467	+0.177%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0089%	4h	66.419	+0.105%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.354	+0.007%	$475K	$625K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.410	+0.092%	$114.2M	$152.9M	1000x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.390	+0.062%	$24.4M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.400	+0.077%	$126K	$26K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.440	+0.137%	$191.6M	$723.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0104%	8h	66.397	+0.072%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.420	+0.107%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.444	+0.143%	$674K	$315K	30x	as long as short
Lighter XAG	+0.0112%	1h	66.393	+0.066%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0116%	4h	66.430	+0.122%	$24.2M	$47.9M	100x	as long as short
BloFin XAG-USDT	+0.0133%	4h	66.410	+0.092%	$2.6M	$650K	100x	as long as short
Aftermath Perps XAGUSD	+0.0146%	1h	66.421	+0.109%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	66.460	+0.167%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.167%	$1.9M	$859K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.440	+0.137%	$27.6M	$66.3M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.424	+0.113%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0243%	1h	66.443	+0.141%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0256%	1h	66.381	+0.049%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0257% / S −0.0231%	1h	66.425	+0.114%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.409	+0.090%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.410	+0.092%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.394	+0.067%	$767K	$569K	25x	as long as short