Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH+0.036%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.036%, 7d avg +0.047%

Together, before fees−0.025%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$1 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	66.446	0.0032	pay 0.0004% / 1h	41m 21s	$4.8M	$9.6M	25x
Short	SunX XAG-USDT	66.470	0	get 0.0000% / 4h	41m 21s	$2K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$6.72
Price spread: +0.036% → +0.047%: −$1.12
Slippage, 4 orders: −$63.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.86
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 6 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	1.43 bp	2.9 bp −$3	3.7 bp −$37	22.4 bp −$2,243	doesn't fit
Sell SunX live order book, 6 min ago	29.34 bp	33.3 bp −$33	63.0 bp −$630	doesn't fit	doesn't fit

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	66.370	−0.115%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.470	+0.036%	$25.7M	$33.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.460	+0.021%	$147.3M	$170.0M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.470	+0.036%	$2K	$3.1M	20x
HTX XAG-USDT	0.0000%	4h	66.500	+0.081%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.036%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.392	−0.081%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.432	−0.021%	$35K	$21K	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.446	long leg	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.397	−0.073%	$5.5M	$12.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.069%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	−0.042%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.069%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.902	+0.686%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.434	−0.018%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.388	−0.087%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.144%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.433	−0.019%	$590K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.460	+0.021%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	66.424	−0.033%	$165.5M	$87.6M	25x	as long as short
Variational Omni XAG	+0.0088%	4h	66.467	+0.031%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0092%	4h	66.465	+0.028%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.399	−0.071%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.039%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.114%	$126K	$26K	50x	as long as short
BloFin XAG-USDT	+0.0101%	4h	66.470	+0.036%	$2.6M	$650K	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.460	+0.021%	$114.4M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0102%	8h	66.437	−0.014%	$30K	$1K	5x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.459	+0.020%	$191.9M	$721.5M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.460	+0.021%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.443	−0.005%	$674K	$316K	30x	as long as short
Lighter XAG	+0.0112%	1h	66.439	−0.010%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0120%	4h	66.470	+0.036%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0148%	1h	66.436	−0.015%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0156%	4h	66.486	+0.060%	$399K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.021%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.470	+0.036%	$27.6M	$66.2M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.461	+0.023%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0244%	1h	66.470	+0.036%	$46K	$75K	10x	as long as short
Nado XAG-PERP	+0.0251%	1h	66.409	−0.056%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.465	+0.029%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.415	−0.046%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	+0.006%	$51K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.442	−0.005%	$768K	$566K	25x	as long as short