Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX−0.015%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.015%, 7d avg −0.017%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.710	0	get 0.0000% / 4h	1h 53m	$1.1M	$1.3M	75x
Short	Phemex XAGUSDT	65.700	0	get 0.0000% / 4h	1h 53m	$1.5M	$252K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.017%: $0.15
Slippage, 4 orders: −$18.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.9
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Phemex: live order book, 2 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, 3 min ago	4.57 bp	10.6 bp −$11	10.6 bp −$106	14.3 bp −$1,431	doesn't fit
Sell Phemex live order book, 2 min ago	2.28 bp	8.3 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.271%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	−0.090%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.730	+0.030%	$138.6M	$203.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	−0.030%	$2K	$2.5M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.710	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDTshort	0.0000%	4h	65.700	−0.015%	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.645	−0.099%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0011%	1h	65.610	−0.152%	$5.7M	$11.0M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.689	−0.032%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.648	−0.094%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.686%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	−0.046%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.146	+0.664%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.671	−0.059%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.631	−0.120%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.680	−0.046%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	65.672	−0.058%	$174.7M	$93.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.686	−0.036%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	−0.048%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.704	−0.009%	$711K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.638	−0.110%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.670	−0.061%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.700	−0.015%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.640	−0.107%	$1.6M	$1.9M	20x	as long as short
Phoenix SILVER	+0.0110%	1h	65.621	−0.135%	$55K	$14K	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.711	+0.002%	$1.2M	$4.9M	20x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.700	−0.015%	$122.0M	$162.7M	1000x	as long as short
Binance XAGUSDT	+0.0118%	4h	65.719	+0.013%	$191.9M	$863.8M	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	65.714	+0.007%	$2.7M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.681	−0.044%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.652	−0.088%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0144%	1h	65.658	−0.079%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0150%	4h	65.689	−0.033%	$396K	$1.5M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.688	−0.034%	$5.1M	$11.6M	25x	as long as short
Bybit XAGUSDT	+0.0152%	4h	65.720	+0.015%	$30.6M	$48.1M	150x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.670	−0.061%	$77K	$411K	20x	as long as short
Bullet SILVER-USD	+0.0210%	1h	65.722	+0.018%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.710	0.000%	$28.0M	$85.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.651	−0.089%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.720	+0.015%	$23.2M	$52.7M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0268% / S −0.0236%	1h	65.695	−0.023%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	65.661	−0.075%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0360%	4h	65.750	+0.061%	$2.7M	$772K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.668	−0.064%	$1.0M	$943K	25x	as long as short