Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against KuCoin+0.065%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$220.221% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.065%, 7d avg +0.015%

Together, before fees−0.088%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.015%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.064% in total) that is about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.280	0.0100	pay 0.0050% / 4h	1h 52m	$24.5M	$4.5M	75x
Short	Lighter RH XAG	66.323	0.0032	get 0.0004% / 1h	52m 29s	$4.8M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$14.28
Price spread: +0.065% → +0.015%: $5.04
Slippage, 4 orders: −$10.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$31.34
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Lighter RH: live order book, 6 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	0.75 bp	8.2 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.72 bp	3.6 bp −$4	5.1 bp −$51	18.8 bp −$1,877	doesn't fit

XAG on 43 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	66.294	+0.020%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.330	+0.075%	$152.2M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.151%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	+0.196%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.380	+0.151%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.241	−0.059%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0026%	1h	66.250	−0.045%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.323	+0.065%	$4.8M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.269	−0.016%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.181%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.166%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.770	+0.739%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.292	+0.018%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	+0.036%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.320	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.324	+0.066%	$544K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.035%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0100%	1h	66.269	−0.017%	$165.9M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.275	−0.008%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.280	long leg	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.075%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0139%	8h	66.324	+0.066%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.320	+0.060%	$2.7M	$922K	100x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.320	+0.060%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0160%	1h	66.322	+0.063%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.373	+0.141%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	+0.112%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.330	+0.076%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.320	+0.060%	$111.5M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.106%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.304	+0.036%	$192.0M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0212%	4h	66.351	+0.106%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.310	+0.045%	$27.9M	$65.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.297	+0.025%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.060%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0240%	1h	66.282	+0.004%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.320	+0.060%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.321	+0.062%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.196%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.375	+0.143%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.145%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	+0.106%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.333	+0.081%	$765K	$475K	25x	as long as short