Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.005%

Price spread now: Lighter against MEXC+0.024%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$30.025% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.024%, 7d avg −0.024%

Together, before fees+0.061%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.048% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	65.350	0.0062	pay 0.0031% / 4h	1h 24m	$115.9M	$157.4M	1000x
Short	Lighter XAG	65.366	0.0144	get 0.0018% / 1h	24m 55s	$5.4M	$11.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $17.22
Price spread: +0.024% → −0.024%: $4.76
Slippage, 4 orders: −$2.5
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.48
Costs to cover: 0.025%
Break-even: from the start

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 14 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, 4 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	3.2 bp −$1,623
Sell Lighter live order book, 14 min ago	0.39 bp	0.4 bp $0	1.8 bp −$18	7.7 bp −$768	20.6 bp −$10.3K

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	−0.0184%	1h	65.320	−0.046%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.240	−0.168%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0040%	1h	65.327	−0.035%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.084%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.031%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.092%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.061%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.047%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.370	+0.031%	$141.0M	$182.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.360	+0.015%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.308	−0.065%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.607%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.021%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0040%	4h	65.340	−0.015%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.015%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.784	+0.664%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	0.000%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.319	−0.047%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.328	−0.034%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.308	−0.064%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.353	+0.004%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0061%	4h	65.364	+0.021%	$190.9M	$763.7M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	+0.051%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	−0.005%	$56K	$31K	25x	as long as short
MEXC SILVER_USDTlong	+0.0062%	4h	65.350	long leg	$115.9M	$157.4M	1000x
edgeX XAGUSDC	+0.0066%	4h	65.342	−0.013%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.360	+0.015%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.334	−0.024%	$517K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.308	−0.065%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.031%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.092%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.363	+0.019%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.046%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.317	−0.050%	$1.2M	$5.4M	10x	as long as short
Lighter XAGshort	+0.0144%	1h	65.366	+0.024%	$5.4M	$11.4M	25x
Bitget XAGUSDT	+0.0176%	4h	65.360	+0.015%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0179%	1h	65.374	+0.036%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.370	+0.031%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	0.000%	$65K	$379K	20x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	65.346	−0.006%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0242%	4h	65.340	−0.015%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.335	−0.023%	$915K	$746K	25x	as long as short