Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.002%

Price spread now: RISEx against MEXC+0.045%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$90.088% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.045%, 7d avg −0.001%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.046% dearer against MEXC than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.001%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.220	0.0192	pay 0.0096% / 4h	1h 51m	$111.4M	$151.7M	1000x
Short	RISEx XAG/USDC	66.250	0.0181	get 0.0023% / 1h	51m 21s	$1.2M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$2.21
Price spread: +0.045% → −0.001%: $4.62
Slippage, 4 orders: −$2.77
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$6.36
Costs to cover: 0.088%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.5 bp −$1,750
Sell RISEx live order book, 3 min ago	0.63 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

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-USD	0.0000%	1h	66.236	+0.023%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.260	+0.060%	$151.7M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	+0.166%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.242%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.320	+0.151%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.180	−0.060%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.091%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.230	+0.015%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.193	−0.041%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.273	+0.080%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.390	+0.257%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.691	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.196	−0.036%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.238	+0.027%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.230	+0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.278	+0.088%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.125%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.198	−0.033%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.219	−0.002%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.190	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.166%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	+0.075%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.240	+0.030%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.270	+0.076%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.245	+0.038%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.244	+0.036%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	+0.202%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.250	+0.045%	$1.2M	$4.4M	20x
MEXC SILVER_USDTlong	+0.0192%	4h	66.220	long leg	$111.4M	$151.7M	1000x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.196%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.245	+0.038%	$191.9M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.221%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.260	+0.060%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.281	+0.092%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.151%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0242%	1h	66.198	−0.033%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.240	+0.030%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0267%	1h	66.250	+0.045%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.241%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0341%	1h	66.255	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.240	+0.030%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.268	+0.072%	$764K	$475K	25x	as long as short