Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: Ondo Perps against HTX−0.247%7-day average −0.239% · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.247%, 7d avg −0.239%

Together, before fees−0.087%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.239%, so right now this pair is about funding alone: +$2 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	64.900	0	get 0.0000% / 4h	3h 31m	$1.1M	$1.3M	75x
Short	Ondo Perps XAG-USD.P	64.740	0.0050	get 0.0006% / 1h	31m 12s	$5.6M	$10.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.247%Rate

Funding earned: $10.58
Price spread: −0.247% → −0.239%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.19
Costs to cover: 0.170%
Break-even: 11.8 days

Slippage unknown: HTX: live order book, 3 min ago; Ondo Perps: 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	3.85 bp	9.9 bp −$10	9.9 bp −$99	12.9 bp −$1,285	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
dYdX XAG-USD	0.0000%	1h	64.799	−0.156%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.850	−0.077%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	64.900	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	64.880	−0.031%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.770	−0.200%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0008%	4h	64.850	−0.077%	$138.5M	$184.4M	100x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	+0.007%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.836	−0.098%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.771	−0.199%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.311%	$11K	$94K	52x	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	64.880	−0.031%	$780K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.260	+0.555%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.840	−0.092%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.778	−0.188%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.768	−0.203%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	64.740	−0.247%	$5.6M	$10.0M	25x
MEXC SILVER_USDT	+0.0056%	4h	64.830	−0.108%	$120.7M	$158.4M	1000x	as long as short
Binance XAGUSDT	+0.0057%	4h	64.831	−0.106%	$196.8M	$777.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0061%	8h	64.823	−0.119%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0068%	4h	64.855	−0.070%	$661K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.824	−0.118%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0075%	4h	64.856	−0.068%	$2.6M	$999K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.810	−0.139%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.828	−0.111%	$484K	$34.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.823	−0.119%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.786	−0.176%	$462K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.810	−0.139%	$25.1M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.800	−0.154%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.908	+0.012%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	64.800	−0.154%	$173.5M	$87.6M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	64.934	+0.053%	$390K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.840	−0.092%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0159%	1h	64.795	−0.161%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.840	−0.092%	$28.8M	$73.4M	50x	as long as short
Bitget XAGUSDT	+0.0194%	4h	64.840	−0.092%	$23.2M	$46.6M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0213%	1h	64.810	−0.139%	$76K	$430K	20x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.840	−0.093%	$78K	$37K	10x	as long as short
Bybit XAGUSDT	+0.0219%	4h	64.850	−0.077%	$29.3M	$42.6M	150x	as long as short
BloFin XAG-USDT	+0.0227%	4h	64.860	−0.062%	$2.7M	$654K	100x	as long as short
Lighter XAG	+0.0232%	1h	64.829	−0.110%	$5.2M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	64.845	−0.085%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.859	−0.063%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.820	−0.123%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.811	−0.137%	$1.0M	$890K	25x	as long as short