Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.011%

Price spread now: OKX against Hibachi−0.065%55s7-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 OKX

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 −$2 a day on $10k at the current rate, and OKX is 0.065% cheaper against Hibachi than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	65.173	0.0232	pay 0.0029% / 1h	8m 39s	$20K	$17K	10x
Short	OKX XAG-USDT-SWAP	65.130	0.0172	get 0.0172% / 8h	8m 39s	$28.4M	$70.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$12.63
Price spread: −0.065% → 0.000%: −$6.52
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.15
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; OKX: 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 OKX live order book, 5 min ago	0.77 bp	5.8 bp −$6	6.0 bp −$60	11.6 bp −$1,163	51.0 bp −$25.5K

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	−0.0028%	1h	65.000	−0.265%	$5.7M	$9.9M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.061	−0.172%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.120	−0.081%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.083%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.150	−0.035%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.170	−0.004%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	−0.035%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.080	−0.142%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.121	−0.079%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.130	−0.065%	$140.3M	$181.5M	100x	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	65.111	−0.095%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.052	−0.184%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.883%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.100	−0.111%	$125.9M	$162.3M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.116	−0.087%	$191.3M	$755.4M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.240	+0.104%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.120	−0.081%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	−0.096%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.535	+0.556%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.147	−0.039%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.128	−0.068%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.130%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.121%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.092	−0.123%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	+0.059%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.089	−0.128%	$173.0M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.146	−0.041%	$490K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.311%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.058	−0.175%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.142%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.042%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.118	−0.084%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	−0.035%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.071%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.065	−0.165%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.120	−0.081%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0172%	8h	65.130	−0.065%	$28.4M	$70.4M	50x
Lighter XAG	+0.0184%	1h	65.111	−0.095%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.145	−0.042%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.130	−0.065%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-Plong	+0.0232%	1h	65.173	long leg	$20K	$17K	10x
Bullet SILVER-USD	+0.0234%	1h	65.159	−0.021%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.145	−0.042%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.119	−0.082%	$1.0M	$869K	25x	as long as short