Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.017%

Price spread now: OKX against Lighter RH+0.041%7-day average +0.049% · 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−$16as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.041%, 7d avg +0.049%

Together, before fees−0.010%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.603	0.0032	pay 0.0004% / 1h	14m 55s	$4.8M	$9.6M	25x
Short	OKX XAG-USDT-SWAP	66.630	0.0197	get 0.0197% / 8h	14m 55s	$28.0M	$66.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $34.63
Price spread: +0.041% → +0.049%: −$0.82
Slippage, 4 orders: −$5.26
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $18.54
Costs to cover: 0.153%
Break-even: 3.3 days

Slippage from Lighter RH: live order book, 4 min ago; OKX: 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, 4 min ago	1.73 bp	1.7 bp −$2	4.1 bp −$41	21.7 bp −$2,175	doesn't fit
Sell OKX live order book, 4 min ago	0.75 bp	5.8 bp −$6	7.0 bp −$70	12.4 bp −$1,236	84.9 bp −$42.4K

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	66.560	−0.065%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.660	+0.086%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.056%	$156.1M	$174.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.011%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.650	+0.071%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.620	+0.026%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.541	−0.093%	$120K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.603	long leg	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.566	−0.055%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.305%	$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
Phoenix SILVER	+0.0036%	1h	66.531	−0.108%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	−0.050%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.051	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.577	−0.039%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.551	−0.078%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.520	−0.125%	$5.7M	$10.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.579	−0.036%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.564	−0.059%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.600	−0.005%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.594	−0.014%	$166.0M	$87.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.556	−0.071%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	−0.035%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.600	−0.005%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.019%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.597	−0.009%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.629	+0.039%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.610	+0.011%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.607	+0.006%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.620	+0.026%	$115.3M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.633	+0.045%	$191.9M	$724.0M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	66.629	+0.039%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0154%	4h	66.650	+0.071%	$24.4M	$48.2M	100x	as long as short
BloFin XAG-USDT	+0.0157%	4h	66.610	+0.011%	$2.6M	$652K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.056%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.553	−0.075%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.047%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAPshort	+0.0197%	8h	66.630	+0.041%	$28.0M	$66.8M	50x
RISEx XAG/USDC	+0.0208%	1h	66.623	+0.029%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.613	+0.015%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.564	−0.058%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.564	−0.059%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.605	+0.003%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.610	+0.011%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.580	−0.034%	$764K	$588K	25x	as long as short