Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h +0.065%

Price spread now: Bullet against HTX−0.027%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.510	0	get 0.0000% / 4h	2h 55m	$1.1M	$1.3M	75x
Short	Bullet SILVER-USD	65.492	0.0167	get 0.0021% / 1h	55m 31s	$45K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. 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 HTXbpFee BulletbpOrdersPrice spread, now −0.027%Rate

Funding earned: $35
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $12.3
Costs to cover: 0.200%
Break-even: 4.5 days

Slippage unknown: HTX: live order book, 3 min ago; Bullet: no order-book sample. 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 HTX live order book, 3 min ago	3.81 bp	9.8 bp −$10	9.8 bp −$98	12.8 bp −$1,277	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.386%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0066%	1h	65.360	−0.229%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.422	−0.134%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.410	−0.153%	$137.3M	$192.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.470	−0.061%	$2K	$2.5M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.510	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.490	−0.031%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	+0.124%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.394	−0.176%	$4.5M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.362	−0.226%	$5.0M	$12.0M	10x	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	65.510	0.000%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.838	+0.501%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.415	−0.145%	$173.9M	$92.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.355	−0.237%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.421	−0.136%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.450	−0.092%	$77K	$436K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.413	−0.148%	$36K	$22K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.400	−0.168%	$434K	$1.5M	20x	as long as short
Variational Omni XAG	+0.0075%	4h	65.472	−0.058%	$5.5M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.385	−0.190%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.550	+0.061%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.598	+0.134%	$659K	$36.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.384	−0.192%	$465K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.137%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	+0.015%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.478	−0.049%	$56K	$13K	25x	as long as short
Nado XAG-PERP	+0.0112%	1h	65.374	−0.207%	$1.2M	$4.2M	10x	as long as short
Binance XAGUSDT	+0.0117%	4h	65.394	−0.177%	$193.1M	$826.2M	100x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.410	−0.153%	$117.0M	$161.0M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.497	−0.020%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0129%	4h	65.542	+0.049%	$668K	$313K	30x	as long as short
Aster XAGUSDT	+0.0131%	4h	65.405	−0.161%	$2.7M	$1.1M	100x	as long as short
Bullet SILVER-USDshort	+0.0167%	1h	65.492	−0.027%	$45K	$75K	10x
Lighter XAG	+0.0176%	1h	65.442	−0.105%	$5.1M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.506	−0.006%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.511	+0.002%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	65.390	−0.183%	$28.2M	$81.1M	50x	as long as short
Bybit XAGUSDT	+0.0222%	4h	65.400	−0.168%	$30.6M	$45.2M	150x	as long as short
Bitget XAGUSDT	+0.0228%	4h	65.390	−0.183%	$23.0M	$49.5M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.495	−0.023%	$93K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	65.550	+0.061%	$396K	$1.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.435	−0.115%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0359%	4h	65.560	+0.076%	$2.7M	$710K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0774%	1h	65.455	−0.085%	$1.0M	$893K	25x	as long as short