Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: MEXC against Lighter RH−0.022%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$50.053% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.022%, 7d avg +0.041%

Together, before fees+0.084%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.063% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.234	0.0032	pay 0.0004% / 1h	10m 59s	$4.6M	$9.9M	25x
Short	MEXC SILVER_USDT	65.220	0.0036	get 0.0018% / 4h	10m 59s	$125.8M	$162.2M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.84
Price spread: −0.022% → +0.041%: −$6.28
Slippage, 4 orders: −$5.31
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.75
Costs to cover: 0.053%
Break-even: 96.6 days

Slippage from Lighter RH: live order book, 3 min ago; MEXC: 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 RH live order book, 3 min ago	0.04 bp	3.7 bp −$4	4.6 bp −$46	28.8 bp −$2,876	doesn't fit
Sell MEXC live order book, 3 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	1.6 bp −$157	4.3 bp −$2,174

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	−0.0028%	1h	65.170	−0.098%	$5.7M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	−0.056%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.230	−0.006%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.168%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.240	+0.009%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.280	+0.070%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.230	−0.006%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.175	−0.091%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.250	+0.024%	$140.6M	$181.5M	100x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.234	long leg	$4.6M	$9.9M	25x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.177	−0.087%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.787%	$11K	$94K	52x	as long as short
Binance XAGUSDT	+0.0036%	4h	65.215	−0.029%	$191.6M	$755.6M	100x	as long as short
MEXC SILVER_USDTshort	+0.0036%	4h	65.220	−0.022%	$125.8M	$162.2M	1000x
StandX XAG-USD	+0.0040%	1h	65.290	+0.086%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.226	−0.012%	$2.7M	$976K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.220	−0.022%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.194%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.660	+0.653%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.230	−0.007%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.204	−0.046%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.170	−0.098%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.235	+0.002%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	−0.036%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.196	−0.059%	$173.2M	$84.9M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.220	−0.022%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.249	+0.023%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.405%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.194	−0.062%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.200	−0.052%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.180	−0.083%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.245	+0.017%	$1.3M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0143%	4h	65.240	+0.009%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0146%	4h	65.293	+0.090%	$395K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.195	−0.061%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.240	+0.009%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.210	−0.037%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.236	+0.003%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0190%	1h	65.162	−0.110%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.220	−0.022%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.239	+0.007%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.247	+0.019%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.235	+0.001%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.213	−0.032%	$1.0M	$869K	25x	as long as short