Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.018%

Price spread now: StandX against KuCoin+0.031%51s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.369% of the position

Long on KuCoin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.038%+$4 · spread now +0.031%, 7d avg +0.058%

Together, before fees−0.012%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and StandX is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.058%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.460	0.0100	pay 0.0050% / 4h	1h 52m	$24.6M	$4.8M	75x
Short	StandX XAG-USD	65.480	0.0040	get 0.0005% / 1h	52m 36s	$788K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$12.6
Price spread: +0.031% → +0.058%: −$2.71
Slippage, 4 orders: −$16.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$52.19
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; StandX: live order book, 1 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	1.52 bp	9.0 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell StandX live order book, 1 min ago	3.05 bp	13.2 bp −$13	13.9 bp −$139	37.5 bp −$3,750	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
Hibachi XAG/USDT-P	−0.0112%	1h	65.457	−0.004%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	+0.021%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0042%	1h	65.370	−0.137%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.471	+0.016%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.510	+0.076%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.550	+0.137%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.510	+0.076%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.436	−0.037%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.510	+0.076%	$143.8M	$177.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.477	+0.026%	$4.7M	$9.5M	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	65.441	−0.029%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.436%	$11K	$94K	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	65.480	+0.031%	$788K	$3.0M	40x
Vest SI-PERP	+0.0046%	1h	65.919	+0.701%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	+0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.459	−0.002%	$170.6M	$82.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.463	+0.005%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.437	−0.035%	$3K	$6K	20x	as long as short
Bybit XAGUSDT	+0.0056%	4h	65.500	+0.061%	$28.7M	$39.4M	150x	as long as short
Aster XAGUSDT	+0.0057%	4h	65.500	+0.061%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.479	+0.028%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.487	+0.041%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.154%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.482	+0.034%	$468K	$29.2M	8.1x	as long as short
Lighter XAG	+0.0096%	1h	65.483	+0.036%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.265%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0098%	4h	65.480	+0.031%	$188.4M	$749.4M	100x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	65.480	+0.031%	$113.5M	$156.3M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.446	−0.021%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.460	long leg	$24.6M	$4.8M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.229%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.487	+0.042%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.457	−0.004%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.450	−0.015%	$1.6M	$1.3M	20x	as long as short
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.238%	$668K	$312K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.144%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0173%	1h	65.503	+0.065%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.500	+0.061%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0201%	8h	65.490	+0.046%	$27.7M	$70.6M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.480	+0.031%	$66K	$370K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.532	+0.110%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.505	+0.069%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.092%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.472	+0.018%	$917K	$739K	25x	as long as short