Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.053%

Price spread now: Ondo Perps against OKX−0.107%48s7-day average −0.162% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.107%, 7d avg −0.162%

Together, before fees+0.001%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.056% dearer against OKX than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.162%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.090% in total) that is about 4.3 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.620	0.0208	pay 0.0208% / 8h	2h 02m	$27.9M	$70.1M	50x
Short	Ondo Perps XAG-USD.P	65.550	−0.0008	pay 0.0001% / 1h	2m 49s	$5.7M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$45.31
Price spread: −0.107% → −0.162%: $5.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$54.76
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Ondo Perps: 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, 1 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	10.6 bp −$1,059	42.7 bp −$21.3K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Hibachi XAG/USDT-P	−0.0064%	1h	65.599	−0.032%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.Pshort	−0.0008%	1h	65.550	−0.107%	$5.7M	$9.7M	25x
dYdX XAG-USD	0.0000%	1h	65.582	−0.059%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.600	−0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.700	+0.122%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	−0.015%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.547	−0.110%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.632	+0.018%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.587	−0.050%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.557	−0.096%	$5.1M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.189%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	−0.017%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0038%	4h	65.620	0.000%	$144.3M	$181.5M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	0.000%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.036	+0.634%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.564	−0.085%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.545	−0.114%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.610	−0.015%	$152K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.593	−0.041%	$29K	$1K	5x	as long as short
Aster XAGUSDT	+0.0070%	4h	65.620	0.000%	$2.7M	$944K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.563	−0.087%	$170.9M	$82.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.590	−0.046%	$462K	$29.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0090%	4h	65.620	0.000%	$28.9M	$39.1M	150x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.606	−0.021%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.581	−0.059%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.580	−0.061%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.640	+0.030%	$112K	$19K	50x	as long as short
Binance XAGUSDT	+0.0117%	4h	65.611	−0.013%	$188.7M	$745.0M	100x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.082%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0120%	1h	65.596	−0.036%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.606	−0.022%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	65.600	−0.030%	$112.8M	$162.4M	1000x	as long as short
edgeX XAGUSDC	+0.0139%	4h	65.652	+0.049%	$668K	$313K	30x	as long as short
Nado XAG-PERP	+0.0147%	1h	65.610	−0.016%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.107%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.179%	$389K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0206%	4h	65.610	−0.015%	$23.8M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	65.598	−0.033%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.590	−0.046%	$66K	$368K	20x	as long as short
OKX XAG-USDT-SWAPlong	+0.0208%	8h	65.620	long leg	$27.9M	$70.1M	50x
Bullet SILVER-USD	+0.0233%	1h	65.611	−0.014%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.605	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0357%	4h	65.650	+0.046%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.578	−0.065%	$915K	$735K	25x	as long as short