Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.051%

Price spread now: Bitget against Lighter RH+0.094%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.094%, 7d avg +0.055%

Together, before fees−0.021%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.039% dearer against Lighter RH than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.055%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.008	0.0032	pay 0.0004% / 1h	3m 52s	$4.4M	$10.0M	25x
Short	Bitget XAGUSDT	66.070	0.0018	get 0.0009% / 4h	2h 03m	$23.7M	$52.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$2.94
Price spread: +0.094% → +0.055%: $3.88
Slippage, 4 orders: −$9.54
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.59
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Bitget: 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 RH live order book, 5 min ago	1.36 bp	1.7 bp −$2	4.0 bp −$40	33.3 bp −$3,333	doesn't fit
Sell Bitget live order book, 5 min ago	0.76 bp	9.6 bp −$10	12.1 bp −$121	21.7 bp −$2,174	45.5 bp −$22.7K

XAG on 42 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
Nado XAG-PERP	−0.0004%	1h	66.046	+0.058%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.988	−0.031%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.080	+0.109%	$25.7M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.109%	$146.9M	$185.8M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.051	+0.066%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.078%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.070	+0.094%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.094%	$1.5M	$248K	100x	as long as short
Aftermath Perps XAGUSD	+0.0011%	1h	66.026	+0.027%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0013%	4h	66.040	+0.048%	$2.8M	$1.1M	100x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDTshort	+0.0018%	4h	66.070	+0.094%	$23.7M	$52.0M	100x
Lighter XAG	+0.0032%	1h	66.008	−0.001%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.008	long leg	$4.4M	$10.0M	25x
Extended XAG-USD	+0.0032%	1h	66.026	+0.027%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.594%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.014	+0.009%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.000	−0.012%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.859%	—	—	25x	as long as short
BloFin XAG-USDT	+0.0046%	4h	65.990	−0.028%	$2.6M	$1.2M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	65.970	−0.058%	$5.4M	$9.7M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.018	+0.015%	$164.4M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	+0.015%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.013	+0.007%	$4K	$5K	20x	as long as short
Binance XAGUSDT	+0.0052%	4h	66.077	+0.104%	$190.5M	$789.1M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0053%	1h	66.070	+0.094%	$76K	$347K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.004	−0.006%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.009%	$5.3M	$11.3M	—	as long as short
MEXC SILVER_USDT	+0.0058%	4h	66.070	+0.094%	$122.7M	$192.7M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.089%	$389K	$1.6M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	66.033	+0.038%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.022	+0.021%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.040	+0.048%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.031	+0.035%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.023	+0.022%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.048%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.048%	$112K	$85K	50x	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.068%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.090	+0.124%	$27.5M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	+0.048%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.065	+0.086%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.037	+0.043%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.035	+0.040%	$775K	$612K	25x	as long as short