Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against HTX−0.265%7-day average −0.113% · 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−$66as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.265%, 7d avg −0.113%

Together, before fees+0.277%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.152% cheaper against HTX than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.113%). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.520	0	get 0.0000% / 4h	2h 57m	$1.1M	$1.1M	75x
Short	tradeXYZ xyz:SILVER	66.344	0.0103	get 0.0013% / 1h	57m 51s	$165.5M	$85.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.265%Rate

Funding earned: $21.61
Price spread: −0.265% → −0.113%: −$15.19
Slippage, 4 orders: −$20.73
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$44.31
Costs to cover: 0.507%
Break-even: 21.4 days

Slippage from HTX: live order book, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago	7.52 bp	14.4 bp −$14	20.7 bp −$207	26.0 bp −$2,596	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.53 bp	10.0 bp −$10	11.2 bp −$112	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	66.402	−0.177%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.420	−0.150%	$25.9M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.425	−0.143%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	−0.195%	$154.1M	$159.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	−0.090%	$2K	$2.9M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.520	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.450	−0.105%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.409	−0.167%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.410	−0.165%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.340	−0.270%	$5.4M	$12.5M	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	−0.180%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.470	−0.075%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.906	+0.580%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.020%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.431	−0.134%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.385	−0.203%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.241%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.150%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.164%	$548K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.450	−0.105%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.390	−0.195%	$2.7M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.412	−0.162%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	−0.241%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.015%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVERshort	+0.0103%	1h	66.344	−0.265%	$165.5M	$85.1M	25x
Variational Omni XAG	+0.0108%	4h	66.543	+0.035%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.429	−0.137%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.048%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.380	−0.210%	$107.5M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.400	−0.180%	$193.1M	$716.5M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.450	−0.106%	$48K	—	10x	as long as short
Lighter XAG	+0.0160%	1h	66.399	−0.182%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	−0.105%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.165%	$1.9M	$960K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.400	−0.180%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.046%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0198%	4h	66.400	−0.180%	$24.5M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.460	−0.091%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0243%	1h	66.420	−0.150%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.474	−0.069%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.475	−0.068%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.371	−0.224%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.440	−0.120%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.425	−0.143%	$766K	$552K	25x	as long as short