Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.057%

Price spread now: Deribit against KuCoin+0.075%7-day average +0.054% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.075%, 7d avg +0.054%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.530	0.0100	pay 0.0050% / 4h	3h 01m	$24.6M	$4.5M	75x
Short	Deribit SILVER_USDC-PERPETUAL	66.580	0.0351	get 0.0044% / 1h	1m 55s	$50K	$336K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.075%Rate

Funding earned: $52.74
Price spread: +0.075% → +0.054%: $2.07
Slippage, 4 orders: −$12.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $23.72
Costs to cover: 0.311%
Break-even: 3.9 days

Slippage from KuCoin: live order book, 2 min ago; Deribit: 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 KuCoin live order book, 2 min ago	0.75 bp	7.5 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Deribit live order book, 7 min ago	0.75 bp	10.2 bp −$10	10.6 bp −$106	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	66.473	−0.086%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.590	+0.090%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.580	+0.075%	$155.2M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.120%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.610	+0.120%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.590	+0.090%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.530	0.000%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.563	+0.049%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.513	−0.026%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.195%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.560	+0.045%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.011	+0.723%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	−0.050%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.559	+0.044%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.517	−0.020%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.470	−0.090%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.560	+0.045%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.529	−0.002%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.542	+0.018%	$165.9M	$84.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.545	+0.023%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.590	+0.090%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.521	−0.014%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.530	long leg	$24.6M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.060%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	+0.049%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.575	+0.068%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0119%	4h	66.554	+0.036%	$675K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.560	+0.045%	$108.8M	$160.8M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.583	+0.079%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.580	+0.075%	$193.6M	$716.7M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.588	+0.086%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.581	+0.076%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.550	+0.030%	$2.6M	$695K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	0.000%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.530	0.000%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.043%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.580	+0.075%	$28.0M	$66.9M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.570	+0.060%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	66.532	+0.003%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0251%	1h	66.598	+0.102%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.519	−0.017%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.595	+0.098%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0351%	1h	66.580	+0.075%	$50K	$336K	20x
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.560	+0.045%	$765K	$564K	25x	as long as short