Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h +0.003%

Price spread now: MEXC against OKX0.000%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.013%+$1 · spread now 0.000%, 7d avg −0.007%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$3 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	66.210	0.0141	pay 0.0141% / 8h	1h 46m	$27.2M	$67.5M	50x
Short	MEXC SILVER_USDT	66.210	0.0040	get 0.0020% / 4h	1h 46m	$116.8M	$181.1M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21.27
Price spread: 0.000% → −0.007%: $0.67
Slippage, 4 orders: −$3.02
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.62
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 3 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	0.75 bp	5.8 bp −$6	6.7 bp −$67	13.4 bp −$1,339	doesn't fit
Sell MEXC live order book, 3 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.3 bp −$1,171

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.175	−0.052%	$777K	$586K	25x	as long as short
Hotstuff SILVER-PERP	−0.0072%	1h	66.161	−0.074%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.134%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	0.000%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.204	−0.009%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.030%	$146.4M	$171.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	0.000%	$2K	$3.2M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	0.000%	$1.5M	$247K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.137	−0.110%	$120K	—	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0004%	4h	66.210	0.000%	$23.7M	$48.6M	100x	as long as short
Aster XAGUSDT	+0.0006%	4h	66.202	−0.012%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	−0.001%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	−0.030%	$144K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0029%	4h	66.180	−0.045%	$2.5M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.031%	$5.4M	$10.7M	—	as long as short
Lighter RH XAG	+0.0032%	1h	66.172	−0.057%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.138	−0.108%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.287%	$11K	$94K	52x	as long as short
MEXC SILVER_USDTshort	+0.0040%	4h	66.210	0.000%	$116.8M	$181.1M	1000x
StandX XAG-USD	+0.0040%	1h	66.150	−0.091%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0042%	4h	66.210	0.000%	$189.2M	$759.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.638	+0.646%	—	—	25x	as long as short
Lighter XAG	+0.0048%	1h	66.180	−0.045%	$5.2M	$10.7M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.162	−0.072%	$164.0M	$91.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.166	−0.066%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.138	−0.109%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.136%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.155	−0.083%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.198	−0.019%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	−0.029%	$671K	$315K	30x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.094%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0078%	1h	66.162	−0.072%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0091%	8h	66.185	−0.038%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.151	−0.089%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.060%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.091%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.045%	$1.9M	$888K	20x	as long as short
OKX XAG-USDT-SWAPlong	+0.0141%	8h	66.210	long leg	$27.2M	$67.5M	50x
Nado XAG-PERP	+0.0156%	1h	66.148	−0.094%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0184%	1h	66.209	−0.001%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.205	−0.008%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0808%	1h	66.220	+0.015%	$60K	$354K	20x	as long as short