Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.020%

Price spread now: Extended against HTX−0.114%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.114%, 7d avg −0.094%

Together, before fees+0.111%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.450	0	get 0.0000% / 4h	2h 21m	$1.1M	$1.1M	75x
Short	Extended XAG-USD	66.375	0.0032	get 0.0004% / 1h	21m 18s	$5.4M	$12.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.114%Rate

Funding earned: $6.72
Price spread: −0.114% → −0.094%: −$1.91
Slippage, 4 orders: −$13.25
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.44
Costs to cover: 0.302%
Break-even: 33.5 days

Slippage from HTX: live order book, 2 min ago; Extended: live order book, 3 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 HTX live order book, 2 min ago	5.27 bp	11.3 bp −$11	11.3 bp −$113	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.08 bp	4.5 bp −$5	6.2 bp −$62	12.5 bp −$1,252	doesn't fit

XAG on 43 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
dYdX XAG-USD	0.0000%	1h	66.363	−0.131%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.450	0.000%	$152.7M	$164.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.450	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.440	−0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.383	−0.100%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.427	−0.035%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.375	−0.114%	$5.4M	$12.1M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.075%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.450	0.000%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.867	+0.628%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.309	−0.212%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.410	−0.060%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.343	−0.161%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.340	−0.166%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.378	−0.108%	$567K	$23.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.400	−0.075%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.443	−0.010%	$1.3M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.401	−0.074%	$165.7M	$75.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.384	−0.099%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.120%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.460	+0.015%	$26.6M	$36.3M	150x	as long as short
Aster XAGUSDT	+0.0130%	4h	66.440	−0.015%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0132%	8h	66.435	−0.022%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0150%	4h	66.344	−0.159%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.436	−0.022%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0170%	4h	66.440	−0.015%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0173%	4h	66.450	0.000%	$192.5M	$707.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.350	−0.150%	$1.9M	$969K	20x	as long as short
edgeX XAGUSDC	+0.0188%	4h	66.375	−0.113%	$673K	$314K	30x	as long as short
Lighter XAG	+0.0192%	1h	66.434	−0.024%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0205%	8h	66.440	−0.015%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.389	−0.092%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.381	−0.103%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.358	−0.139%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	66.440	−0.015%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.440	−0.015%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.458	+0.013%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.455	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.075%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.390	−0.090%	$766K	$478K	25x	as long as short