Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.032%

Price spread now: dYdX against MEXC−0.101%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and dYdX is 0.101% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.430	0.0174	pay 0.0087% / 4h	2h 18m	$102.8M	$158.5M	1000x
Short	dYdX XAG-USD	66.363	0	get 0.0000% / 1h	18m 34s	$15K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$36.54
Price spread: −0.101% → 0.000%: −$10.09
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$56.63
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; dYdX: no order-book sample. Net counts fees only.

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 MEXC live order book, 6 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.7 bp −$1,843
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDshort	0.0000%	1h	66.363	−0.101%	$15K	—	5x
Gate XAG_USDT	0.0000%	4h	66.440	+0.015%	$152.6M	$164.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	−0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.450	+0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.120%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.425	−0.007%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.368	−0.094%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.045%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	0.000%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.873	+0.667%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.352	−0.117%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.320	−0.166%	$5.7M	$9.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.417	−0.020%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.355	−0.113%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.385	−0.068%	$555K	$23.5M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.430	0.000%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.400	−0.045%	$165.7M	$75.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.376	−0.081%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.360	−0.105%	$126K	$23K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.388	−0.063%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0125%	4h	66.460	+0.045%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0131%	4h	66.440	+0.015%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.434	+0.006%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0159%	4h	66.443	+0.019%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.434	+0.006%	$48K	—	10x	as long as short
MEXC SILVER_USDTlong	+0.0174%	4h	66.430	long leg	$102.8M	$158.5M	1000x
Binance XAGUSDT	+0.0176%	4h	66.445	+0.022%	$192.5M	$706.8M	100x	as long as short
edgeX XAGUSDC	+0.0180%	4h	66.431	+0.002%	$674K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.030%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.435	+0.007%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0207%	8h	66.450	+0.030%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.385	−0.068%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.389	−0.062%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.390	−0.060%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.420	−0.015%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.440	+0.015%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.416	−0.021%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.395	−0.053%	$766K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.420	−0.015%	$50K	$325K	20x	as long as short