Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.013%

Price spread now: tradeXYZ against MEXC−0.056%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.056%, 7d avg −0.065%

Together, before fees+0.057%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.110	0.0212	pay 0.0106% / 4h	9m 33s	$110.6M	$153.0M	1000x
Short	tradeXYZ xyz:SILVER	66.073	0.0126	get 0.0016% / 1h	9m 33s	$166.0M	$73.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$17.98
Price spread: −0.056% → −0.065%: $0.95
Slippage, 4 orders: −$2.11
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.15
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; tradeXYZ: live order book, 9 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	1.1 bp −$110	3.5 bp −$1,753
Sell tradeXYZ live order book, 9 min ago	0.23 bp	9.4 bp −$9	10.3 bp −$103	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	66.018	−0.139%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.015%	$150.2M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.030%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.045%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.028	−0.124%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.099	−0.017%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.040	−0.106%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.439%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.070	−0.061%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.980	−0.197%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.530	+0.635%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.079	−0.047%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.080	−0.045%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.021	−0.135%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.110	0.000%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.086%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.057	−0.080%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.054	−0.085%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.121%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVERshort	+0.0126%	1h	66.073	−0.056%	$166.0M	$73.3M	25x
RISEx XAG/USDC	+0.0137%	1h	66.100	−0.015%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.111	+0.002%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0146%	4h	66.080	−0.045%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.130	+0.030%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.101	−0.013%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.097	−0.019%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.136%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.071%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.015%	$2.6M	$554K	100x	as long as short
MEXC SILVER_USDTlong	+0.0212%	4h	66.110	long leg	$110.6M	$153.0M	1000x
Nado XAG-PERP	+0.0213%	1h	66.060	−0.076%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0215%	4h	66.123	+0.020%	$192.8M	$700.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.062%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.079%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.110	0.000%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.110	0.000%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	−0.030%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.104	−0.009%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.045%	$75K	$362K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.020	−0.136%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	+0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.070	−0.061%	$912K	$683K	25x	as long as short