Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.021%

Price spread now: Bybit against OKX+0.015%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.015%, 7d avg +0.017%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.100	0.0169	pay 0.0169% / 8h	21m 42s	$28.3M	$70.4M	50x
Short	Bybit XAGUSDT	65.110	0	get 0.0000% / 4h	21m 42s	$27.6M	$39.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$35.49
Price spread: +0.015% → +0.017%: −$0.17
Slippage, 4 orders: −$3.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.72
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: 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, 2 min ago	0.77 bp	5.8 bp −$6	5.9 bp −$59	11.0 bp −$1,105	doesn't fit
Sell Bybit live order book, 2 min ago	0.77 bp	6.3 bp −$6	9.3 bp −$93	20.0 bp −$2,000	48.0 bp −$24.0K

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
Hotstuff SILVER-PERP	−0.0056%	1h	65.059	−0.063%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0033%	1h	64.990	−0.169%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.046%	$12K	$5K	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	65.110	+0.015%	$27.6M	$39.2M	150x
Variational Omni XAG	0.0000%	4h	65.043	−0.088%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.090	−0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.110	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.120	+0.031%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.021	−0.121%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.120	+0.031%	$140.4M	$180.7M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0030%	4h	65.100	0.000%	$124.7M	$160.5M	1000x	as long as short
Binance XAGUSDT	+0.0030%	4h	65.108	+0.012%	$191.4M	$757.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.101	+0.002%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.042	−0.089%	$5.0M	$11.7M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.116	+0.025%	$2.7M	$971K	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.997%	$11K	$94K	52x	as long as short
edgeX XAGUSDC	+0.0035%	4h	65.061	−0.060%	$662K	$312K	30x	as long as short
StandX XAG-USD	+0.0040%	1h	65.140	+0.061%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	−0.015%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.510	+0.630%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.073	−0.041%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.073	−0.041%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.024	−0.117%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.085	−0.022%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.071	−0.045%	$172.2M	$83.9M	25x	as long as short
Phoenix SILVER	+0.0061%	1h	65.047	−0.081%	$55K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.099	−0.002%	$475K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.200%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.041	−0.091%	$463K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.031%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.980	−0.184%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.115	+0.023%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0120%	4h	65.170	+0.108%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.067	−0.051%	$386K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.110	+0.015%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0164%	1h	65.095	−0.008%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0169%	8h	65.100	long leg	$28.3M	$70.4M	50x
Lighter XAG	+0.0176%	1h	65.105	+0.008%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	65.097	−0.005%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.060	−0.061%	$65K	$394K	20x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.098	−0.003%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.091	−0.013%	$20K	$17K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.085	−0.023%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.066	−0.052%	$1.0M	$869K	25x	as long as short