Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.005%

Price spread now: BloFin against Lighter+0.014%60s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$160.159% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.014%, 7d avg +0.030%

Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.329%, so the current rate has only just turned in your favour. The two prices were read 60 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	Lighter XAG	65.311	0.0152	pay 0.0019% / 1h	52m 10s	$5.3M	$11.1M	25x
Short	BloFin XAG-USDT	65.320	0.0202	get 0.0101% / 4h	52m 10s	$2.7M	$582K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $10.57
Price spread: +0.014% → +0.030%: −$1.61
Slippage, 4 orders: −$3.92
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.97
Costs to cover: 0.159%
Break-even: 11.6 days

Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 6 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	0.34 bp	0.3 bp $0	0.4 bp −$4	4.0 bp −$398	14.5 bp −$7,241
Sell BloFin live order book, 6 min ago	1.53 bp	7.5 bp −$8	7.5 bp −$75	9.5 bp −$952	16.8 bp −$8,381

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
Ondo Perps XAG-USD.P	−0.0059%	1h	65.200	−0.170%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	65.281	−0.046%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.036%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	+0.029%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.310	−0.002%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.350	+0.060%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.014%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.249	−0.094%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0027%	4h	65.403	+0.141%	$5.5M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0028%	4h	65.340	+0.044%	$141.2M	$176.7M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.318	+0.011%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.248	−0.097%	$5.1M	$11.6M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.320	+0.014%	$2.7M	$952K	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.667%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.029%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.300	−0.017%	$152K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0045%	4h	65.319	+0.012%	$191.6M	$761.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.723	+0.631%	—	—	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	65.310	−0.002%	$117.2M	$156.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.274	−0.057%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.248	−0.096%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.277	−0.051%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	−0.026%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0064%	4h	65.368	+0.088%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.297	−0.021%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.280	−0.047%	$468K	$31.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.291	−0.031%	$170.5M	$80.9M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.075%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.257	−0.083%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.047%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.090%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	+0.015%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.409	+0.151%	$384K	$1.6M	25x	as long as short
Lighter XAGlong	+0.0152%	1h	65.311	long leg	$5.3M	$11.1M	25x
Hibachi XAG/USDT-P	+0.0160%	1h	65.289	−0.033%	$20K	$17K	10x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.262	−0.075%	$1.2M	$4.8M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.320	+0.014%	$23.7M	$45.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.310	−0.002%	$28.1M	$70.6M	50x	as long as short
BloFin XAG-USDTshort	+0.0202%	4h	65.320	+0.014%	$2.7M	$582K	100x
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	−0.032%	$65K	$387K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.305	−0.010%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0225%	1h	65.316	+0.008%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.315	+0.006%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.271	−0.061%	$1.0M	$873K	25x	as long as short