Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.030%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.030%, 7d avg −0.038%

Together, before fees+0.015%+$2 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	66.210	0	get 0.0000% / 4h	20m 42s	$1.0M	$971K	75x
Short	SunX XAG-USDT	66.190	0	get 0.0000% / 4h	20m 42s	$2K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.038%: $0.76
Slippage, 4 orders: −$69.15
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.39
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; SunX: live order book, 7 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	3.78 bp	11.3 bp −$11	11.3 bp −$113	14.4 bp −$1,444	doesn't fit
Sell SunX live order book, 7 min ago	29.47 bp	33.5 bp −$33	doesn't fit	doesn't fit	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	66.141	−0.104%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.030%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.190	−0.030%	$2K	$2.7M	20x
HTX XAG-USDTlong	0.0000%	4h	66.210	long leg	$1.0M	$971K	75x
Phemex XAGUSDT	0.0000%	4h	66.180	−0.045%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.153%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.168	−0.064%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.109	−0.153%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.287%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	−0.045%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.623	+0.624%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	66.040	−0.257%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.154	−0.085%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.105	−0.159%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.160	−0.076%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.145	−0.098%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.101%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.144	−0.100%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.137	−0.110%	$471K	$622K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.150	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.121%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.143	−0.101%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.180	−0.045%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.179	−0.047%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.172	−0.058%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.200	−0.015%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.166	−0.067%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.175	−0.053%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.060%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0203%	1h	66.126	−0.127%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	−0.041%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.170	−0.060%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.184	−0.039%	$192.5M	$700.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	66.152	−0.088%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	−0.035%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.180	−0.045%	$27.7M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0247%	4h	66.180	−0.045%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.170	−0.060%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	−0.017%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.196	−0.021%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.150	−0.091%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.121	−0.135%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0423%	1h	66.175	−0.053%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.147	−0.095%	$913K	$678K	25x	as long as short