Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.027%

Price spread now: KuCoin against Hibachi−0.035%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on KuCoin

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.035% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	65.313	0.0184	pay 0.0023% / 1h	33m 29s	$20K	$17K	10x
Short	KuCoin XAGUSDTM	65.290	0.0100	get 0.0050% / 4h	33m 29s	$25.3M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$17.64
Price spread: −0.035% → 0.000%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.77 bp	8.5 bp −$8	14.8 bp −$148	doesn't fit	doesn't fit

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
Hotstuff SILVER-PERP	−0.0056%	1h	65.295	−0.028%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.112%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.025%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.340	+0.041%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.041%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.118%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.041%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.029%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	−0.023%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.340	+0.041%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.320	+0.011%	$118.6M	$157.3M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.330	+0.026%	$191.7M	$753.6M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.330	+0.026%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.273	−0.061%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.044%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.664%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.340	+0.041%	$140.8M	$178.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.057%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.026%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.748	+0.666%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.341	+0.042%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.289	−0.037%	$169.7M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	−0.026%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.290	−0.035%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.310	−0.004%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.316	+0.004%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.329	+0.024%	$530K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.020%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	−0.065%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	65.290	−0.035%	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.005%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.072%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.337	+0.036%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.090%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.330	+0.026%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.286	−0.042%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.332	+0.028%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.340	+0.041%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.330	+0.026%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-Plong	+0.0184%	1h	65.313	long leg	$20K	$17K	10x
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.041%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.359	+0.071%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	+0.049%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	+0.010%	$1.0M	$868K	25x	as long as short