Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.046%

Price spread now: dYdX against OKX−0.146%7-day average — · you buy dearer than you sell

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.146% cheaper against OKX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.030	0.0234	pay 0.0234% / 8h	3h 48m	$27.6M	$64.8M	50x
Short	dYdX XAG-USD	65.934	0	get 0.0000% / 1h	48m 05s	$14K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$49.18
Price spread: −0.146% → 0.000%: −$14.58
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$83.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 min ago; dYdX: 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 OKX live order book, 6 min ago	0.76 bp	5.8 bp −$6	6.3 bp −$63	10.8 bp −$1,084	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Ondo Perps XAG-USD.P	−0.0042%	1h	65.900	−0.197%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USDshort	0.0000%	1h	65.934	−0.146%	$14K	—	5x
SunX XAG-USDT	0.0000%	4h	66.020	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.045%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	0.000%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.972	−0.088%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.008	−0.033%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.969	−0.093%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.560%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.990	−0.061%	$794K	$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
Vest SI-PERP	+0.0046%	1h	66.445	+0.629%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.995	−0.053%	$166.0M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.990	−0.061%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.957	−0.111%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	−0.045%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.965	−0.098%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.959	−0.108%	$535K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.942	−0.133%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.015	−0.023%	$1.3M	$4.9M	20x	as long as short
Gate XAG_USDT	+0.0098%	4h	66.050	+0.030%	$149.7M	$163.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.964	−0.100%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.990	−0.061%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.950	−0.121%	$113K	$30K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0108%	4h	65.990	−0.061%	$393K	$1.5M	25x	as long as short
Lighter XAG	+0.0120%	1h	66.016	−0.022%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.019	−0.017%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0137%	4h	66.060	+0.045%	$27.3M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.010	−0.030%	$2.7M	$862K	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.974	−0.085%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.016	−0.022%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	65.993	−0.055%	$5.6M	$9.4M	—	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.000	−0.045%	$75K	$363K	20x	as long as short
Binance XAGUSDT	+0.0207%	4h	66.031	+0.002%	$191.1M	$703.1M	100x	as long as short
MEXC SILVER_USDT	+0.0208%	4h	66.030	0.000%	$113.0M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.121%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0217%	4h	66.010	−0.030%	$2.6M	$556K	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.975	−0.083%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0218%	4h	65.953	−0.117%	$669K	$311K	30x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.039	+0.014%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0234%	8h	66.030	long leg	$27.6M	$64.8M	50x
Bitget XAGUSDT	+0.0248%	4h	66.030	0.000%	$23.9M	$45.4M	100x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.960	−0.106%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.035	+0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.992	−0.058%	$911K	$683K	25x	as long as short