Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.014%

Price spread now: OKX against Lighter+0.016%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.016%, 7d avg +0.030%

Together, before fees−0.149%+ Points / potential airdropLighter: Season 3 · farm board−$15 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 −0.126%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.429	0.0112	pay 0.0014% / 1h	45m 34s	$5.2M	$10.3M	25x
Short	OKX XAG-USDT-SWAP	66.440	0.0188	get 0.0188% / 8h	45m 34s	$27.6M	$66.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $16
Price spread: +0.016% → +0.030%: −$1.4
Slippage, 4 orders: −$2.7
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.9
Costs to cover: 0.127%
Break-even: 6.2 days

Slippage from Lighter: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago	0.45 bp	0.6 bp −$1	1.3 bp −$13	5.3 bp −$525	19.0 bp −$9,514
Sell OKX live order book, 3 min ago	0.75 bp	5.8 bp −$6	7.6 bp −$76	12.8 bp −$1,283	96.7 bp −$48.4K

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	66.428	−0.001%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.450	+0.031%	$25.7M	$33.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	+0.016%	$147.4M	$169.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.480	+0.077%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.480	+0.077%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.480	+0.077%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.410	−0.028%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.432	+0.004%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.383	−0.069%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.044%	$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	66.397	−0.048%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.044%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.881	+0.680%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.402	−0.041%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.408	−0.032%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.119%	$5.7M	$10.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.411	−0.027%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.415	−0.021%	$592K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.440	+0.016%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	66.391	−0.057%	$165.4M	$87.5M	25x	as long as short
Variational Omni XAG	+0.0086%	4h	66.457	+0.042%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0089%	4h	66.450	+0.031%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.389	−0.060%	$475K	$625K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.420	−0.014%	$114.2M	$152.8M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.014%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.400	−0.044%	$126K	$26K	50x	as long as short
Binance XAGUSDT	+0.0101%	4h	66.430	+0.001%	$191.6M	$723.0M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.463	+0.052%	$48K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.430	+0.002%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.444	+0.023%	$674K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0111%	4h	66.450	+0.031%	$2.6M	$650K	100x	as long as short
Lighter XAGlong	+0.0112%	1h	66.429	long leg	$5.2M	$10.3M	25x
Bitget XAGUSDT	+0.0116%	4h	66.450	+0.031%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0147%	1h	66.421	−0.012%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	66.460	+0.047%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.047%	$1.9M	$860K	20x	as long as short
OKX XAG-USDT-SWAPshort	+0.0188%	8h	66.440	+0.016%	$27.6M	$66.3M	50x
RISEx XAG/USDC	+0.0208%	1h	66.451	+0.033%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0243%	1h	66.443	+0.021%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0256%	1h	66.381	−0.072%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.475	+0.069%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.409	−0.030%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	+0.031%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.436	+0.010%	$768K	$569K	25x	as long as short