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% APRpaid last 24h +0.028%

Price spread now: RISEx against HTX−0.081%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.081%, 7d avg −0.045%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.036% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.600	0	get 0.0000% / 4h	46m 37s	$1.1M	$1.3M	75x
Short	RISEx XAG/USDC	65.547	0	get 0.0000% / 1h	46m 37s	$1.3M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.045%: −$3.64
Slippage, 4 orders: −$11.89
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$33.54
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago	4.57 bp	10.6 bp −$11	10.6 bp −$106	13.5 bp −$1,347	doesn't fit
Sell RISEx live order book, 5 min ago	0.01 bp	3.0 bp −$3	4.0 bp −$40	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
dYdX XAG-USD	0.0000%	1h	65.438	−0.247%	$13K	$8K	5x	as long as short
RISEx XAG/USDCshort	0.0000%	1h	65.547	−0.081%	$1.3M	$5.5M	20x
Hotstuff SILVER-PERP	0.0000%	1h	65.599	−0.002%	$39K	$26K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.550	−0.076%	$136.0M	$200.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.570	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.600	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.560	−0.061%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.476	−0.189%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.537	−0.095%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.471	−0.196%	$5.1M	$12.2M	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	−1.521%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.500	−0.152%	$788K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.540	−0.091%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.995	+0.602%	—	—	25x	as long as short
Variational Omni XAG	+0.0048%	4h	65.588	−0.019%	$5.5M	$9.0M	—	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.536	−0.098%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.473	−0.194%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.440	−0.244%	$5.7M	$11.0M	25x	as long as short
Bybit XAGUSDT	+0.0052%	4h	65.560	−0.061%	$30.3M	$48.7M	150x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.519	−0.124%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.510	−0.137%	$77K	$407K	20x	as long as short
Lighter XAG	+0.0064%	1h	65.523	−0.117%	$5.3M	$11.9M	25x	as long as short
Aster XAGUSDT	+0.0068%	4h	65.500	−0.152%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	65.530	−0.107%	$115.1M	$163.4M	1000x	as long as short
Binance XAGUSDT	+0.0071%	4h	65.537	−0.095%	$190.3M	$868.6M	100x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.575	−0.038%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0080%	4h	65.541	−0.090%	$668K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0090%	4h	65.551	−0.075%	$388K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	65.494	−0.162%	$175.4M	$87.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.473	−0.194%	$462K	$518K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.490	−0.168%	$25.3M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.500	−0.152%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.480	−0.183%	$1.6M	$2.0M	20x	as long as short
Kalshi KXSILVERPERP	+0.0108%	24h	65.534	−0.101%	$743K	$40.3M	8.1x	as long as short
Nado XAG-PERP	+0.0125%	1h	65.520	−0.122%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.480	−0.183%	$55K	$15K	25x	as long as short
OKX XAG-USDT-SWAP	+0.0168%	8h	65.540	−0.091%	$27.6M	$87.6M	50x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.550	−0.076%	$23.2M	$54.1M	100x	as long as short
Bullet SILVER-USD	+0.0223%	1h	65.572	−0.043%	$44K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.460	−0.213%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0225%	1h	65.537	−0.095%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0283% / S −0.0256%	1h	65.535	−0.099%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0289%	4h	65.560	−0.061%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.522	−0.118%	$1.0M	$948K	25x	as long as short