Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.045%

Price spread now: SunX against Extended+0.116%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.116%, 7d avg +0.056%

Together, before fees−0.073%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.060% dearer against Extended than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.056%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.313	0.0032	pay 0.0004% / 1h	7m 16s	$5.5M	$12.4M	10x
Short	SunX XAG-USDT	66.390	0	get 0.0000% / 4h	1h 07m	$2K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$6.72
Price spread: +0.116% → +0.056%: $6
Slippage, 4 orders: −$59.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$72.74
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; SunX: live order book, 10 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	2.6 bp −$3	5.8 bp −$58	14.2 bp −$1,422	doesn't fit
Sell SunX live order book, 10 min ago	29.44 bp	33.4 bp −$33	63.2 bp −$632	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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.345	+0.048%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.024%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.390	+0.116%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.382	+0.104%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.101%	$146.5M	$173.9M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.390	+0.116%	$2K	$3.1M	20x
HTX XAG-USDT	0.0000%	4h	66.380	+0.101%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	+0.116%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.311	−0.003%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.370	+0.086%	$124K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.366	+0.079%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.313	long leg	$5.5M	$12.4M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.131%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.340	+0.040%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.815	+0.757%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.346	+0.049%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.312	−0.002%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.290	−0.035%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.340	+0.040%	$165.3M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.339	+0.039%	$588K	$21.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.338	+0.037%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0072%	4h	66.340	+0.040%	$2.5M	$848K	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.292	−0.032%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	+0.019%	$5.5M	$10.5M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	66.370	+0.086%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0080%	4h	66.390	+0.116%	$24.0M	$47.9M	100x	as long as short
MEXC SILVER_USDT	+0.0090%	4h	66.380	+0.101%	$123.4M	$182.6M	1000x	as long as short
Binance XAGUSDT	+0.0093%	4h	66.387	+0.111%	$190.5M	$729.0M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.376	+0.094%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.326	+0.019%	$474K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	+0.071%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.005%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.141%	$1.9M	$861K	20x	as long as short
edgeX XAGUSDC	+0.0105%	4h	66.317	+0.005%	$673K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.361	+0.072%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0131%	1h	66.299	−0.021%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	+0.098%	$402K	$1.4M	25x	as long as short
Lighter XAG	+0.0136%	1h	66.371	+0.087%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0181%	8h	66.400	+0.131%	$27.4M	$66.5M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	+0.025%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.328	+0.022%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.394	+0.121%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.385	+0.108%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	+0.071%	$51K	$359K	20x	as long as short