Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.016%

Price spread now: OKX against KuCoin+0.061%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.061%, 7d avg +0.064%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.400	0.0100	pay 0.0050% / 4h	1h 51m	$24.6M	$4.8M	75x
Short	OKX XAG-USDT-SWAP	65.440	0.0197	get 0.0197% / 8h	1h 51m	$27.7M	$70.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $20.42
Price spread: +0.061% → +0.064%: −$0.29
Slippage, 4 orders: −$6.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.06
Costs to cover: 0.282%
Break-even: 9.8 days

Slippage from KuCoin: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago	1.52 bp	9.0 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.76 bp	5.8 bp −$6	6.6 bp −$66	12.7 bp −$1,271	66.3 bp −$33.2K

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.433	+0.050%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0048%	1h	65.300	−0.153%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	+0.010%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.490	+0.138%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.168%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.500	+0.153%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.431	+0.047%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.460	+0.092%	$142.0M	$177.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.416	+0.025%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.392	−0.012%	$5.1M	$11.6M	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	+1.529%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	+0.092%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.500	+0.153%	$788K	$3.0M	40x	as long as short
Bybit XAGUSDT	+0.0045%	4h	65.450	+0.076%	$28.5M	$39.4M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	65.877	+0.729%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.399	−0.002%	$170.5M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.404	+0.006%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.435	+0.054%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0055%	4h	65.450	+0.076%	$2.7M	$955K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.460	+0.092%	$66K	$370K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.421	+0.033%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.438	+0.059%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.246%	$56K	$31K	25x	as long as short
Lighter XAG	+0.0072%	1h	65.413	+0.020%	$5.4M	$11.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.450	+0.076%	$467K	$29.2M	8.1x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.420	+0.031%	$113.3M	$156.4M	1000x	as long as short
Binance XAGUSDT	+0.0096%	4h	65.430	+0.046%	$188.2M	$754.3M	100x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.357%	$5.5M	$9.4M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.021%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.400	long leg	$24.6M	$4.8M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.107%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.473	+0.111%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.165%	$667K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.430	+0.046%	$1.6M	$1.3M	20x	as long as short
Nado XAG-PERP	+0.0121%	1h	65.465	+0.099%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.500	+0.153%	$394K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0169%	1h	65.499	+0.151%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0194%	4h	65.440	+0.061%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0197%	8h	65.440	+0.061%	$27.7M	$70.8M	50x
Aftermath Perps XAGUSD	+0.0212%	1h	65.515	+0.176%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.475	+0.115%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.183%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.447	+0.072%	$917K	$740K	25x	as long as short