Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.015%

Price spread now: Aster against Lighter+0.008%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.008%, 7d avg +0.034%

Together, before fees−0.144%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.026% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.535	0.0136	pay 0.0017% / 1h	12m 43s	$5.3M	$11.2M	25x
Short	Aster XAGUSDT	65.540	0.0089	get 0.0045% / 4h	2h 12m	$2.7M	$940K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$9.77
Price spread: +0.008% → +0.034%: −$2.59
Slippage, 4 orders: −$3.63
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24
Costs to cover: 0.116%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Aster: 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 Lighter live order book, 6 min ago	0.69 bp	1.4 bp −$1	2.6 bp −$26	7.2 bp −$718	18.1 bp −$9,038
Sell Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	7.1 bp −$71	16.2 bp −$1,620	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
dYdX XAG-USD	0.0000%	1h	65.424	−0.168%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	−0.160%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	−0.099%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.450	−0.130%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.330	−0.313%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.375	−0.244%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.461	−0.113%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.519	−0.024%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	−0.170%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.320%	$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
Phoenix SILVER	+0.0036%	1h	65.388	−0.224%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.206%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.854	+0.487%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	65.530	−0.007%	$145.2M	$178.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.420	−0.175%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.373	−0.247%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.450	−0.130%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.362	−0.264%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.513	−0.033%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.417	−0.180%	$476K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0082%	1h	65.494	−0.062%	$170.8M	$82.5M	25x	as long as short
Aster XAGUSDTshort	+0.0089%	4h	65.540	+0.008%	$2.7M	$940K	100x
Pacifica XAG	+0.0100%	1h	65.471	−0.098%	$467K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.480	−0.084%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.267%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0127%	4h	65.570	+0.054%	$28.7M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	−0.184%	$5.5M	$9.6M	—	as long as short
Lighter XAGlong	+0.0136%	1h	65.535	long leg	$5.3M	$11.2M	25x
Aevo XAG-PERP	+0.0136%	1h	65.438	−0.148%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.544	+0.014%	$189.0M	$743.7M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.560	+0.038%	$122.2M	$160.9M	1000x	as long as short
edgeX XAGUSDC	+0.0152%	4h	65.410	−0.191%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.411	−0.190%	$1.3M	$5.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.360	−0.267%	$20K	$19K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.587%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.160%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.175%	$66K	$367K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.403	−0.201%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.540	+0.008%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.570	+0.054%	$27.8M	$69.9M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.437	−0.149%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.435	−0.152%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0380%	4h	65.460	−0.114%	$2.6M	$627K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.418	−0.179%	$913K	$735K	25x	as long as short