Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.007%

Price spread now: edgeX against OKX−0.264%91s7-day average −0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.251% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.264%, 7d avg −0.001%

Together, before fees+0.342%+ Points / potential airdropedgeX: Active · farm board+$34 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 edgeX is 0.264% cheaper against OKX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.280	0.0173	pay 0.0173% / 8h	12m 01s	$28.5M	$70.5M	50x
Short	edgeX XAGUSDC	65.107	0.0046	get 0.0023% / 4h	12m 01s	$663K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.264%Rate

Funding earned: −$26.7
Price spread: −0.264% → −0.001%: −$26.38
Slippage, 4 orders: −$6.12
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$78.2
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 27 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	6.5 bp −$65	12.1 bp −$1,213	doesn't fit
Sell edgeX live order book, 27 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.3 bp −$10.6K

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	−0.0028%	1h	65.170	−0.169%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	−0.126%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.290	+0.015%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.238%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.280	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.310	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.280	0.000%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.227	−0.081%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.290	+0.015%	$140.6M	$181.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.273	−0.010%	$4.6M	$9.9M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.218	−0.095%	$5.0M	$11.8M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.266	−0.021%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.716%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.260	−0.031%	$126.7M	$162.1M	1000x	as long as short
Binance XAGUSDT	+0.0036%	4h	65.270	−0.015%	$191.7M	$755.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.250	−0.046%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.280	0.000%	$2.7M	$976K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.270	−0.015%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDCshort	+0.0046%	4h	65.107	−0.264%	$663K	$314K	30x
Vest SI-PERP	+0.0046%	1h	65.684	+0.619%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.279	−0.001%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.253	−0.041%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.217	−0.097%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.272	−0.013%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.274%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.243	−0.057%	$173.4M	$84.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.255	−0.038%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.475%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.230	−0.077%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.240	−0.061%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.322%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.295	+0.023%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.220	−0.092%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.139	−0.216%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.241	−0.060%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.280	0.000%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0173%	8h	65.280	long leg	$28.5M	$70.5M	50x
Lighter XAG	+0.0184%	1h	65.278	−0.004%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.133	−0.225%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.260	−0.031%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.106	−0.267%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.288	+0.012%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.285	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.269	−0.017%	$1.0M	$869K	25x	as long as short