Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.041%

Price spread now: Ondo Perps against MEXC−0.150%7-day average −0.159% · you buy dearer than you sell

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

Long on MEXC Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days−0.175%−$17 · spread now −0.150%, 7d avg −0.159%

Together, before fees−0.252%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.159%, 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	66.570	0.0120	pay 0.0060% / 4h	3h 02m	$108.8M	$160.7M	1000x
Short	Ondo Perps XAG-USD.P	66.470	0.0050	get 0.0006% / 1h	2m 27s	$5.7M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$14.62
Price spread: −0.150% → −0.159%: $0.84
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.78
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.5 bp −$1,737
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
dYdX XAG-USD	0.0000%	1h	66.473	−0.146%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.600	+0.045%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.580	+0.015%	$155.2M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	−0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.610	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	0.000%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.482	−0.133%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.563	−0.011%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.517	−0.080%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.255%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.560	−0.015%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.011	+0.662%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	−0.110%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.559	−0.017%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.480	−0.135%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	66.470	−0.150%	$5.7M	$9.5M	25x
QFEX SILVER-USD	+0.0051%	1h	66.560	−0.015%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.086%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.549	−0.032%	$165.9M	$84.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.545	−0.038%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.580	+0.015%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.521	−0.074%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.540	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.120%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	−0.011%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.575	+0.007%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0119%	4h	66.554	−0.024%	$675K	$314K	30x	as long as short
MEXC SILVER_USDTlong	+0.0120%	4h	66.570	long leg	$108.8M	$160.7M	1000x
Aevo XAG-PERP	+0.0120%	1h	66.543	−0.041%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.584	+0.021%	$193.6M	$716.7M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.569	−0.001%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.581	+0.016%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.550	−0.030%	$2.6M	$695K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.060%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.530	−0.060%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	−0.017%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.580	+0.015%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.580	+0.015%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	66.523	−0.070%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0251%	1h	66.598	+0.042%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.519	−0.077%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.060%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.524	−0.069%	$765K	$564K	25x	as long as short