Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.035%

Price spread now: BloFin against Hibachi+0.020%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	66.017	0.0304	pay 0.0038% / 1h	6m 05s	$20K	$19K	10x
Short	BloFin XAG-USDT	66.030	0.0224	get 0.0112% / 4h	3h 06m	$2.6M	$569K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hibachi. 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 HibachibpFee BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$16.88
Price spread: +0.020% → 0.000%: $2
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.88
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

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 Hibachi no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	9.7 bp −$967	16.4 bp −$8,214

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Ondo Perps XAG-USD.P	−0.0053%	1h	65.950	−0.101%	$5.7M	$9.2M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	66.012	−0.007%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.043%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.096%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.126%	$1.0M	$980K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.065%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.994	−0.035%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.050	+0.051%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.998	−0.029%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.580%	$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
StandX XAG-USD	+0.0040%	1h	66.020	+0.005%	$794K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.070	+0.081%	$149.8M	$164.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.475	+0.694%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.025	+0.012%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.035%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.046	+0.044%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	+0.035%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.028	+0.017%	$166.3M	$73.8M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.977	−0.060%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.020	+0.005%	$479K	$26.6M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.059	+0.064%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.994	−0.035%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	+0.020%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	−0.086%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0100%	4h	66.080	+0.096%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.054	+0.056%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.050	+0.050%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	+0.055%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.046	+0.044%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.060	+0.065%	$114.5M	$152.8M	1000x	as long as short
Binance XAGUSDT	+0.0175%	4h	66.068	+0.078%	$191.0M	$702.9M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.006%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0186%	1h	66.013	−0.005%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.020	+0.005%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	+0.020%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.028	+0.016%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.056%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDTshort	+0.0224%	4h	66.030	+0.020%	$2.6M	$569K	100x
OKX XAG-USDT-SWAP	+0.0224%	8h	66.070	+0.081%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.070	+0.081%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0236%	1h	66.063	+0.070%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-Plong	+0.0304%	1h	66.017	long leg	$20K	$19K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.073%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.039	+0.034%	$911K	$685K	25x	as long as short