Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against KuCoin−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.330	0.0100	pay 0.0050% / 4h	1h 39m	$25.3M	$5.0M	75x
Short	SoDEX SILVER-USD	65.296	0.0050	get 0.0006% / 1h	39m 22s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$10.5
Price spread: −0.052% → 0.000%: −$5.2
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 10 min ago	0.76 bp	9.9 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0128%	1h	65.358	+0.043%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0080%	1h	65.250	−0.122%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.350	+0.031%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	+0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.184%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.168%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.062%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0015%	4h	65.360	+0.046%	$28.4M	$39.7M	150x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.370	+0.061%	$141.2M	$181.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.353	+0.035%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.298	−0.050%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.638%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	+0.122%	$787K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.358	+0.043%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.783	+0.693%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	+0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.326	−0.006%	$170.2M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.320	−0.015%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	65.296	−0.052%	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0057%	8h	65.345	+0.023%	$29K	$1K	5x	as long as short
Variational Omni XAG	+0.0060%	4h	65.414	+0.128%	$5.5M	$9.4M	—	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.363	+0.051%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.377	+0.072%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.375	+0.069%	$35K	$21K	20x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.340	+0.015%	$115.3M	$157.1M	1000x	as long as short
Binance XAGUSDT	+0.0075%	4h	65.357	+0.041%	$189.6M	$763.2M	100x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.386	+0.086%	$509K	$30.5M	8.1x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.351	+0.032%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0095%	4h	65.402	+0.110%	$666K	$312K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.305	−0.038%	$466K	$624K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.330	long leg	$25.3M	$5.0M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.061%	$112K	$19K	50x	as long as short
Lighter XAG	+0.0104%	1h	65.359	+0.044%	$5.4M	$11.3M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.409	+0.121%	$397K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0117%	1h	65.315	−0.023%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.077%	$1.6M	$1.4M	20x	as long as short
Bullet SILVER-USD	+0.0159%	1h	65.361	+0.048%	$43K	$77K	10x	as long as short
Bitget XAGUSDT	+0.0184%	4h	65.370	+0.061%	$23.8M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.360	+0.046%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.015%	$65K	$375K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.382	+0.080%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0306%	4h	65.440	+0.168%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.415	+0.130%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.329	−0.001%	$915K	$746K	25x	as long as short