Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.009%

Price spread now: Binance against Lighter+0.023%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$130.127% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.023%, 7d avg +0.038%

Together, before fees−0.127%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.315	0.0192	pay 0.0024% / 1h	17m 13s	$5.1M	$11.7M	25x
Short	Binance XAGUSDT	65.330	0.0130	get 0.0065% / 4h	2h 17m	$192.9M	$835.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$12.99
Price spread: +0.023% → +0.038%: −$1.45
Slippage, 4 orders: −$2.7
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.15
Costs to cover: 0.127%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 5 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, 4 min ago	0.28 bp	0.5 bp $0	1.0 bp −$10	6.3 bp −$634	18.4 bp −$9,179
Sell Binance live order book, 5 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.5 bp −$847	21.6 bp −$10.8K

XAG on 44 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.091%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.210	−0.161%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.089%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.340	+0.038%	$139.2M	$199.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.330	+0.023%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.320	+0.008%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.038%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.267	−0.073%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.318	+0.005%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.254	−0.093%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	+0.023%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.746	+0.660%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.286	−0.044%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.250	−0.099%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.311	−0.005%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.320	+0.008%	$443K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.350	+0.054%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.026%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.340	+0.038%	$641K	$37.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.283	−0.049%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.290	−0.038%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.069%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.041%	$55K	$13K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	65.324	+0.014%	$36K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.288	−0.041%	$174.0M	$93.0M	25x	as long as short
MEXC SILVER_USDT	+0.0128%	4h	65.320	+0.008%	$119.5M	$166.7M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.323	+0.012%	$47K	—	10x	as long as short
Binance XAGUSDTshort	+0.0130%	4h	65.330	+0.023%	$192.9M	$835.0M	100x
edgeX XAGUSDC	+0.0134%	4h	65.334	+0.029%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.334	+0.030%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0182%	1h	65.274	−0.063%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.320	+0.008%	$394K	$1.6M	25x	as long as short
Lighter XAGlong	+0.0192%	1h	65.315	long leg	$5.1M	$11.7M	25x
RISEx XAG/USDC	+0.0206%	1h	65.331	+0.025%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	−0.038%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.340	+0.038%	$27.9M	$82.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.306	−0.014%	$78K	$37K	10x	as long as short
Bybit XAGUSDT	+0.0222%	4h	65.340	+0.038%	$30.4M	$46.8M	150x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.330	+0.023%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.061%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.275	−0.062%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.333	+0.028%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.310	−0.008%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.287	−0.042%	$1.0M	$937K	25x	as long as short