Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.022%

Price spread now: Binance against Lighter RH+0.033%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.033%, 7d avg +0.056%

Together, before fees+0.001%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.056%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.156	0.0032	pay 0.0004% / 1h	16m 30s	$4.8M	$9.5M	25x
Short	Binance XAGUSDT	66.178	0.0211	get 0.0106% / 4h	16m 30s	$192.6M	$700.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $37.61
Price spread: +0.033% → +0.056%: −$2.22
Slippage, 4 orders: −$4.82
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $20.57
Costs to cover: 0.148%
Break-even: 3.2 days

Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, 12 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 RH live order book, 2 min ago	1.60 bp	1.7 bp −$2	2.4 bp −$24	20.0 bp −$2,003	doesn't fit
Sell Binance live order book, 12 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	9.4 bp −$943	20.9 bp −$10.5K

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	66.080	−0.114%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.052%	$150.2M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	−0.024%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.180	+0.037%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	+0.006%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.104	−0.078%	$121K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.156	long leg	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.102	−0.081%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.369%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.137	−0.028%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.150	−0.009%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.040	−0.175%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.598	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.137	−0.028%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.079	−0.116%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.150	−0.009%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.019%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.114	−0.063%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.109	−0.071%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	−0.024%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.039%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0124%	1h	66.140	−0.024%	$166.0M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.167	+0.017%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.163	+0.012%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.150	−0.009%	$2.7M	$878K	100x	as long as short
Bybit XAGUSDT	+0.0162%	4h	66.190	+0.052%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.160	+0.006%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.143	−0.019%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.022%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.041%	$5.6M	$9.6M	—	as long as short
Nado XAG-PERP	+0.0207%	1h	66.120	−0.054%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.170	+0.022%	$110.2M	$152.8M	1000x	as long as short
Binance XAGUSDTshort	+0.0211%	4h	66.178	+0.033%	$192.6M	$700.1M	100x
Aftermath Perps XAGUSD	+0.0219%	1h	66.144	−0.018%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0221%	4h	66.189	+0.051%	$672K	$312K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.180	+0.037%	$27.8M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0256%	4h	66.150	−0.009%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.170	+0.022%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.193	+0.057%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.173	+0.027%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.130	−0.039%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	66.104	−0.078%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.155	−0.001%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.122	−0.052%	$913K	$681K	25x	as long as short