Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0138%/8h= +15.2% APRpaid last 24h +0.027%

Price spread now: BloFin against Lighter RH0.000%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now 0.000%, 7d avg +0.042%

Together, before fees−0.099%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.042% cheaper against Lighter RH than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.196%, 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 RH XAG	66.060	0.0032	pay 0.0004% / 1h	18m 41s	$4.7M	$9.5M	25x
Short	BloFin XAG-USDT	66.060	0.0170	get 0.0085% / 4h	3h 18m	$2.6M	$563K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $29.07
Price spread: 0.000% → +0.042%: −$4.21
Slippage, 4 orders: −$5.06
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.8
Costs to cover: 0.171%
Break-even: 5.1 days

Slippage from Lighter RH: live order book, 5 min ago; BloFin: live order book, 4 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	1.70 bp	1.7 bp −$2	2.6 bp −$26	19.9 bp −$1,993	doesn't fit
Sell BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	8.3 bp −$831	12.4 bp −$6,208

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	−0.0063%	1h	65.950	−0.166%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.108%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.061%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.046%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.026	−0.050%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.080	+0.031%	$149.9M	$164.0M	100x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.060	long leg	$4.7M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.009	−0.077%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$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
StandX XAG-USD	+0.0040%	1h	66.080	+0.031%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.513	+0.686%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	−0.035%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.045	−0.022%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.053%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.048	−0.017%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.070	+0.015%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	−0.016%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.098%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.054	−0.009%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.069	+0.014%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.013	−0.071%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.030%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.045%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.061	+0.002%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0118%	4h	66.100	+0.061%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0123%	4h	66.069	+0.014%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.073	+0.020%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.051	−0.013%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDTshort	+0.0170%	4h	66.060	0.000%	$2.6M	$563K	100x
Variational Omni XAG	+0.0171%	4h	66.073	+0.021%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.037%	$395K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.073	+0.020%	$190.9M	$701.8M	100x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.060	0.000%	$114.8M	$152.7M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0187%	1h	66.020	−0.060%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	+0.017%	$670K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.045%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.070	+0.015%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.095	+0.053%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	+0.015%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.037	−0.035%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	+0.031%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.095	+0.053%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.056	−0.006%	$912K	$683K	25x	as long as short