Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.012%

Price spread now: Lighter against KuCoin+0.041%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.041%, 7d avg +0.033%

Together, before fees+0.071%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.010	0.0100	pay 0.0050% / 4h	3h 17m	$24.4M	$4.5M	75x
Short	Lighter XAG	66.037	0.0104	get 0.0013% / 1h	17m 57s	$5.2M	$10.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0.84
Price spread: +0.041% → +0.033%: $0.84
Slippage, 4 orders: −$5.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.79
Costs to cover: 0.175%
Break-even: 138.6 days

Slippage from KuCoin: live order book, 6 min ago; Lighter: 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 KuCoin live order book, 6 min ago	0.76 bp	7.3 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.35 bp	0.5 bp −$1	0.6 bp −$6	8.2 bp −$823	19.4 bp −$9,686

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
Ondo Perps XAG-USD.P	−0.0063%	1h	65.950	−0.091%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.032%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.121%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.121%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	+0.076%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.989	−0.031%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.060	+0.076%	$149.8M	$164.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.036	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.982	−0.042%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.591%	$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	66.090	+0.121%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.481	+0.714%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.011	+0.002%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.013	+0.005%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.984	−0.039%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.048	+0.058%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.061%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	+0.059%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.023%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.024	+0.021%	$569K	$26.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.069	+0.089%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.013	+0.005%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.010	long leg	$24.4M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	+0.030%	$113K	$30K	50x	as long as short
Lighter XAGshort	+0.0104%	1h	66.037	+0.041%	$5.2M	$10.8M	25x
Bybit XAGUSDT	+0.0118%	4h	66.080	+0.106%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0123%	4h	66.052	+0.064%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.036	+0.039%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.023	+0.019%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0170%	4h	66.060	+0.076%	$2.6M	$563K	100x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.096%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.113%	$395K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.060	+0.075%	$190.8M	$702.8M	100x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.050	+0.061%	$114.9M	$152.7M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0186%	1h	66.033	+0.035%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	+0.092%	$670K	$311K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	+0.030%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	+0.030%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.050	+0.061%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.055	+0.069%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.050	+0.061%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.042	+0.049%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.055	+0.068%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	+0.022%	$911K	$683K	25x	as long as short