Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.017%

Price spread now: Extended against MEXC−0.053%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$90.085% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.053%, 7d avg −0.060%

Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	65.450	0.0092	pay 0.0046% / 4h	1h 49m	$113.5M	$156.6M	1000x
Short	Extended XAG-USD	65.415	0.0032	get 0.0004% / 1h	49m 16s	$5.1M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$12.6
Price spread: −0.053% → −0.060%: $0.67
Slippage, 4 orders: −$3.5
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.44
Costs to cover: 0.085%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 5 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 MEXC live order book, 5 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	1.3 bp −$132	3.2 bp −$1,617
Sell Extended live order book, 5 min ago	0.15 bp	3.2 bp −$3	5.6 bp −$56	12.1 bp −$1,206	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
Hibachi XAG/USDT-P	−0.0120%	1h	65.399	−0.078%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.310	−0.214%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.067%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.460	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.460	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.460	+0.015%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.413	−0.057%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.480	+0.046%	$142.1M	$178.6M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.446	−0.006%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.415	−0.053%	$5.1M	$11.6M	10x

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	+1.451%	$11K	$94K	52x	as long as short
Bybit XAGUSDT	+0.0037%	4h	65.480	+0.046%	$28.6M	$39.5M	150x	as long as short
StandX XAG-USD	+0.0040%	1h	65.430	−0.031%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.884	+0.663%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	−0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.426	−0.037%	$170.7M	$83.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.423	−0.041%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.406	−0.067%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.460	+0.015%	$2.7M	$959K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.440	−0.015%	$66K	$371K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.436	−0.021%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.449	−0.001%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.467	+0.026%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.170%	$56K	$31K	25x	as long as short
Lighter XAG	+0.0072%	1h	65.448	−0.003%	$5.4M	$11.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.439	−0.017%	$499K	$29.6M	8.1x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.070%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0089%	4h	65.450	0.000%	$189.5M	$759.3M	100x	as long as short
MEXC SILVER_USDTlong	+0.0092%	4h	65.450	long leg	$113.5M	$156.6M	1000x
Pacifica XAG	+0.0100%	1h	65.425	−0.039%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.046%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.031%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.445	−0.007%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.088%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	−0.050%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.410	−0.061%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.425	−0.037%	$384K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0143%	1h	65.465	+0.023%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	65.460	+0.015%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	65.470	+0.031%	$27.8M	$71.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.464	+0.021%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.455	+0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0329%	4h	65.470	+0.031%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.420	−0.046%	$917K	$744K	25x	as long as short