Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.034%

Price spread now: StandX against OKX+0.015%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.015%, 7d avg −0.007%

Together, before fees−0.007%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.022% dearer against OKX than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.007%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.560	0.0195	pay 0.0195% / 8h	7h 04m	$28.0M	$66.8M	50x
Short	StandX XAG-USD	66.570	0.0040	get 0.0005% / 1h	4m 07s	$801K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$32.53
Price spread: +0.015% → −0.007%: $2.17
Slippage, 4 orders: −$11.96
Fee OKX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$60.32
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; StandX: live order book, 5 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, 5 min ago	0.75 bp	5.8 bp −$6	6.7 bp −$67	12.0 bp −$1,196	doesn't fit
Sell StandX live order book, 5 min ago	3.00 bp	10.0 bp −$10	10.0 bp −$100	30.9 bp −$3,090	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	66.473	−0.131%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.580	+0.030%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.570	+0.015%	$155.1M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.580	+0.030%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.620	+0.090%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	+0.030%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.498	−0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.539	−0.032%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.495	−0.098%	$5.4M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.523	−0.056%	$35K	$21K	20x	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	−0.240%	$11K	$94K	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	66.570	+0.015%	$801K	$2.8M	40x
Vest SI-PERP	+0.0046%	1h	66.993	+0.651%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	−0.095%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.535	−0.038%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.487	−0.110%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.460	−0.150%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.550	−0.015%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.071%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.521	−0.059%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.566	+0.009%	$2.8M	$1.1M	100x	as long as short
BloFin XAG-USDT	+0.0098%	4h	66.550	−0.015%	$2.6M	$696K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.506	−0.081%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.530	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.120%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	+0.004%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0111%	8h	66.548	−0.018%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.559	−0.001%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	66.560	0.000%	$108.8M	$160.7M	1000x	as long as short
Binance XAGUSDT	+0.0118%	4h	66.565	+0.007%	$193.5M	$717.0M	100x	as long as short
edgeX XAGUSDC	+0.0119%	4h	66.554	−0.009%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.548	−0.019%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.567	+0.011%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	−0.014%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.045%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.515	−0.067%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	66.560	0.000%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0195%	8h	66.560	long leg	$28.0M	$66.8M	50x
Aftermath Perps XAGUSD	+0.0206%	1h	66.520	−0.061%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.576	+0.024%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.500	−0.090%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.575	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.540	−0.030%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.533	−0.040%	$765K	$564K	25x	as long as short