Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.023%

Price spread now: Aster against OKX−0.046%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.046%, 7d avg +0.003%

Together, before fees+0.034%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.049% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.150	0.0190	pay 0.0190% / 8h	7h 46m	$28.6M	$72.3M	50x
Short	Aster XAGUSDT	65.120	0.0073	get 0.0036% / 4h	3h 46m	$2.6M	$997K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$24.68
Price spread: −0.046% → +0.003%: −$4.93
Slippage, 4 orders: −$3.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.67
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Aster: live order book, 2 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 OKX live order book, 3 min ago	0.77 bp	5.8 bp −$6	6.8 bp −$68	11.8 bp −$1,175	67.2 bp −$33.6K
Sell Aster live order book, 2 min ago	0.77 bp	4.8 bp −$5	6.4 bp −$64	12.4 bp −$1,244	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	65.046	−0.160%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	0.000%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.060	−0.138%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	+0.007%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.134	−0.025%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.062	−0.135%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.919%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.107%	$783K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.531	+0.585%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.110	−0.061%	$174K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.058	−0.141%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.058	−0.141%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.200%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.083	−0.103%	$29K	$166	5x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.140	−0.015%	$27.4M	$39.2M	150x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.130	−0.031%	$125.1M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.133	−0.027%	$193.6M	$761.6M	100x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.127	−0.035%	$663K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.116	−0.053%	$47K	—	10x	as long as short
Aster XAGUSDTshort	+0.0073%	4h	65.120	−0.046%	$2.6M	$997K	100x
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.070	−0.123%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0083%	24h	65.110	−0.061%	$480K	$33.4M	8.1x	as long as short
Gate XAG_USDT	+0.0090%	4h	65.150	0.000%	$139.9M	$179.5M	100x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.075	−0.115%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.045	−0.161%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.107%	$25.2M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.050	−0.153%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.067	−0.127%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0150%	1h	65.103	−0.072%	$174.0M	$85.9M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.058	−0.141%	$1.2M	$4.4M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.126	−0.037%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.110	−0.061%	$23.2M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0190%	8h	65.150	long leg	$28.6M	$72.3M	50x
Aftermath Perps XAGUSD	+0.0208%	1h	65.082	−0.105%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.100	−0.077%	$77K	$418K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	−0.023%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0248%	4h	65.150	0.000%	$2.7M	$633K	100x	as long as short
Lighter XAG	+0.0256%	1h	65.132	−0.028%	$5.3M	$10.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.097	−0.082%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0322%	1h	65.141	−0.014%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0396%	4h	65.138	−0.019%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.102	−0.073%	$1.0M	$868K	25x	as long as short