Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter RH+0.015%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

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

costs, in and out, $10k−$200.203% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.015%, 7d avg −0.015%

Together, before fees+0.008%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.030% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.230	0.0032	pay 0.0004% / 1h	51m 47s	$4.8M	$9.4M	25x
Short	KuCoin XAGUSDTM	66.240	0.0100	get 0.0050% / 4h	1h 51m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $14.28
Price spread: +0.015% → −0.015%: $2.95
Slippage, 4 orders: −$8.25
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.02
Costs to cover: 0.203%
Break-even: 8.5 days

Slippage from Lighter RH: live order book, 2 min ago; KuCoin: live order book, 2 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	1.54 bp	1.5 bp −$2	2.2 bp −$22	22.7 bp −$2,270	doesn't fit
Sell KuCoin live order book, 2 min ago	0.75 bp	8.2 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit

XAG on 43 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	66.236	+0.008%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.290	+0.090%	$152.1M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	+0.151%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.226%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.320	+0.136%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.241	+0.016%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.106%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.230	long leg	$4.8M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.213	−0.026%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.257%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.241%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.770	+0.815%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.292	+0.093%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.238	+0.012%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.320	+0.136%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.278	+0.072%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.110%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.246	+0.024%	$165.8M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.219	−0.017%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.240	+0.015%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.151%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	+0.060%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.270	+0.060%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.270	+0.060%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.245	+0.022%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.303	+0.110%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	+0.187%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.330	+0.151%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.260	+0.045%	$111.5M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.181%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.260	+0.045%	$191.9M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0212%	4h	66.351	+0.182%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.250	+0.030%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.297	+0.101%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.136%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0240%	1h	66.282	+0.079%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.250	+0.030%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.321	+0.137%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.272%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.305	+0.113%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.220%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.290	+0.090%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.268	+0.057%	$764K	$475K	25x	as long as short