Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.020%

Price spread now: Hibachi against MEXC+0.001%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Hibachi

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—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 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	65.330	0.0114	pay 0.0057% / 4h	2h 53m	$117.5M	$161.3M	1000x
Short	Hibachi XAG/USDT-P	65.331	0.0352	get 0.0044% / 1h	53m 01s	$21K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.001%Rate

Funding earned: $49.98
Price spread: +0.001% → 0.000%: $0.13
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $41.11
Costs to cover: 0.090%
Break-even: 1.2 days

Slippage unknown: MEXC: live order book, 1 min ago; Hibachi: 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, 1 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$77	2.7 bp −$1,344
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.114%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.210	−0.184%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.293	−0.057%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.350	+0.031%	$137.4M	$193.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.290	−0.061%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.330	0.000%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.370	+0.061%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.247	−0.127%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.314	−0.025%	$4.5M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.258	−0.110%	$5.0M	$11.9M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.264	−0.101%	$35K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	−0.031%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.715	+0.589%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.266	−0.098%	$3.8M	$891K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.251	−0.121%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.290	−0.061%	$433K	$1.5M	20x	as long as short
Variational Omni XAG	+0.0075%	4h	65.472	+0.218%	$5.5M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	65.290	−0.062%	$29K	$166	5x	as long as short
tradeXYZ xyz:SILVER	+0.0087%	1h	65.298	−0.049%	$173.7M	$92.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.440	+0.168%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0091%	24h	65.286	−0.067%	$631K	$36.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.256	−0.113%	$464K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.077%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.280	−0.077%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.270	−0.092%	$56K	$13K	25x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.316	−0.022%	$47K	—	10x	as long as short
MEXC SILVER_USDTlong	+0.0114%	4h	65.330	long leg	$117.5M	$161.3M	1000x
Binance XAGUSDT	+0.0115%	4h	65.340	+0.015%	$192.4M	$828.5M	100x	as long as short
Aster XAGUSDT	+0.0130%	4h	65.330	0.000%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0136%	4h	65.428	+0.151%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0150%	1h	65.249	−0.125%	$1.2M	$4.2M	10x	as long as short
Lighter XAG	+0.0192%	1h	65.320	−0.016%	$5.1M	$11.4M	25x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	65.404	+0.114%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.316	−0.021%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	65.330	0.000%	$28.1M	$81.2M	50x	as long as short
Bullet SILVER-USD	+0.0209%	1h	65.302	−0.043%	$44K	$75K	10x	as long as short
Bybit XAGUSDT	+0.0217%	4h	65.350	+0.031%	$30.5M	$45.4M	150x	as long as short
Bitget XAGUSDT	+0.0228%	4h	65.350	+0.031%	$22.9M	$49.7M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.325	−0.008%	$93K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	65.550	+0.337%	$396K	$1.6M	25x	as long as short
Hibachi XAG/USDT-Pshort	+0.0352%	1h	65.331	+0.001%	$21K	$12K	10x
BloFin XAG-USDT	+0.0355%	4h	65.310	−0.031%	$2.7M	$739K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0363%	1h	65.300	−0.046%	$77K	$438K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.294	−0.055%	$1.0M	$893K	25x	as long as short