Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: StandX against HTX−0.075%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on HTX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.075%, 7d avg −0.075%

Together, before fees+0.094%+ Points / potential airdropStandX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, 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	66.610	0	get 0.0000% / 4h	3h 29m	$1.1M	$1.1M	75x
Short	StandX XAG-USD	66.560	0.0040	get 0.0005% / 1h	29m 45s	$801K	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $8.4
Price spread: −0.075% → −0.075%: −$0.01
Slippage, 4 orders: −$24.79
Fee HTX: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$36.4
Costs to cover: 0.448%
Break-even: 37.3 days

Slippage from HTX: live order book, 4 min ago; StandX: 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	1.50 bp	7.5 bp −$8	7.5 bp −$75	11.2 bp −$1,121	doesn't fit
Sell StandX live order book, 4 min ago	2.25 bp	10.8 bp −$11	10.8 bp −$108	35.3 bp −$3,525	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	66.490	−0.181%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	−0.075%	$155.3M	$167.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	−0.075%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.610	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.600	−0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.476	−0.201%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.516	−0.141%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0010%	4h	66.560	−0.075%	$26.1M	$35.4M	150x	as long as short
Lighter RH XAG	+0.0032%	1h	66.524	−0.129%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.476	−0.202%	$5.4M	$12.4M	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	−0.315%	$11K	$94K	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	66.560	−0.075%	$801K	$2.7M	40x
Vest SI-PERP	+0.0046%	1h	66.979	+0.554%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.543	−0.101%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.505	−0.158%	$165.4M	$85.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.512	−0.147%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.473	−0.206%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.240%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.105%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.503	−0.161%	$566K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0083%	4h	66.541	−0.104%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0087%	4h	66.545	−0.098%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0094%	8h	66.540	−0.104%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.540	−0.105%	$108.4M	$160.2M	1000x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.548	−0.092%	$192.4M	$722.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.496	−0.171%	$475K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.510	−0.150%	$24.6M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	66.606	−0.006%	$394K	$1.5M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.540	−0.105%	$127K	$24K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.531	−0.118%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0111%	4h	66.600	−0.015%	$2.6M	$703K	100x	as long as short
Lighter XAG	+0.0112%	1h	66.531	−0.119%	$5.4M	$10.5M	25x	as long as short
edgeX XAGUSDC	+0.0117%	4h	66.616	+0.009%	$676K	$315K	30x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.552	−0.087%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0164%	1h	66.501	−0.163%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	66.550	−0.090%	$24.5M	$48.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	−0.045%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.550	−0.090%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0190%	1h	66.532	−0.118%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0219%	1h	66.549	−0.092%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.513	−0.146%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.545	−0.098%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.508	−0.152%	$765K	$565K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.530	−0.120%	$50K	$336K	20x	as long as short