Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.038%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now −0.038%, 7d avg −0.086%

Together, before fees+0.019%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.048% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.560	0	get 0.0000% / 4h	19m 32s	$1.0M	$1.1M	75x
Short	Lighter RH XAG	66.535	0.0032	get 0.0004% / 1h	19m 32s	$4.8M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.038%Rate

Funding earned: $6.72
Price spread: −0.038% → −0.086%: $4.82
Slippage, 4 orders: −$12.35
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.8
Costs to cover: 0.243%
Break-even: 20.3 days

Slippage from HTX: live order book, 4 min ago; Lighter RH: live order book, 4 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, 4 min ago	3.76 bp	9.8 bp −$10	9.8 bp −$98	12.7 bp −$1,267	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.39 bp	0.4 bp $0	1.1 bp −$11	17.0 bp −$1,703	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	66.484	−0.115%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.610	+0.075%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	0.000%	$154.5M	$173.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	−0.045%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.560	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.530	−0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.468	−0.138%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.512	−0.072%	$35K	$21K	20x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.535	−0.038%	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.485	−0.113%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.240%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.485	−0.113%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.120%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.014	+0.682%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.553	−0.011%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.461	−0.149%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.135%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.488	−0.108%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.550	−0.015%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.544	−0.024%	$165.9M	$86.9M	25x	as long as short
BloFin XAG-USDT	+0.0080%	4h	66.510	−0.075%	$2.6M	$651K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.494	−0.099%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.165%	$126K	$26K	50x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.051%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0108%	8h	66.538	−0.034%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.549	−0.016%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.539	−0.031%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.525	−0.053%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0122%	4h	66.478	−0.124%	$674K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.540	−0.030%	$115.1M	$153.2M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.585	+0.038%	$192.7M	$722.9M	100x	as long as short
Bitget XAGUSDT	+0.0150%	4h	66.590	+0.045%	$24.4M	$48.3M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.225%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0167%	1h	66.453	−0.160%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	−0.106%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.600	+0.060%	$27.9M	$66.7M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.557	−0.005%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0255%	1h	66.528	−0.048%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0257%	1h	66.500	−0.090%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	−0.038%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.487	−0.109%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.530	−0.045%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.494	−0.099%	$762K	$586K	25x	as long as short