Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.031%

Price spread now: SoDEX against OKX−0.122%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$5 a day on $10k at the current rate, and SoDEX is 0.122% cheaper against OKX than usual: you would sell low and buy high (−$12 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	65.530	0.0202	pay 0.0202% / 8h	1h 53m	$27.8M	$70.5M	50x
Short	SoDEX SILVER-USD	65.450	0.0050	get 0.0006% / 1h	53m 46s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$31.89
Price spread: −0.122% → 0.000%: −$12.21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$62.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; SoDEX: 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, 5 min ago	0.76 bp	5.8 bp −$6	5.9 bp −$59	11.0 bp −$1,098	76.9 bp −$38.4K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0112%	1h	65.527	−0.005%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0024%	1h	65.400	−0.198%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.471	−0.091%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.530	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.540	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.520	−0.015%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.454	−0.117%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.502	−0.042%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.455	−0.115%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.328%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0034%	4h	65.530	0.000%	$143.9M	$176.8M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.581	+0.078%	$56K	$31K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.580	+0.076%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.937	+0.621%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	−0.061%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.481	−0.075%	$170.7M	$82.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.452	−0.119%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	65.450	−0.122%	$3K	$6K	20x
Aster XAGUSDT	+0.0058%	4h	65.518	−0.018%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.504	−0.039%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.502	−0.043%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0066%	4h	65.540	+0.015%	$28.7M	$39.4M	150x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.509	−0.032%	$468K	$29.2M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	65.553	+0.035%	$35K	$21K	20x	as long as short
Lighter XAG	+0.0096%	1h	65.505	−0.038%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.158%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0099%	4h	65.520	−0.015%	$188.5M	$747.8M	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.471	−0.090%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.470	−0.092%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.122%	$112K	$19K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	65.510	−0.031%	$113.6M	$156.3M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.498	−0.048%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0112%	1h	65.448	−0.126%	$1.2M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0119%	4h	65.591	+0.094%	$668K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.450	−0.122%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0148%	4h	65.631	+0.154%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0164%	1h	65.508	−0.034%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.520	−0.015%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0202%	8h	65.530	long leg	$27.8M	$70.5M	50x
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.500	−0.046%	$66K	$370K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.548	+0.028%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.515	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0342%	4h	65.610	+0.122%	$2.6M	$619K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.466	−0.098%	$916K	$738K	25x	as long as short