Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0207%/8h= −22.7% APRpaid last 24h −0.046%

Price spread now: SunX against OKX+0.031%7-day average +0.018% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.031%, 7d avg +0.018%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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	65.570	0.0207	pay 0.0207% / 8h	2h 02m	$27.9M	$70.1M	50x
Short	SunX XAG-USDT	65.590	0	get 0.0000% / 4h	2h 02m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$43.53
Price spread: +0.031% → +0.018%: $1.21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; SunX: live order book, 5 min ago. 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, 2 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	10.6 bp −$1,059	42.7 bp −$21.3K
Sell SunX live order book, 5 min ago	273.43 bp	doesn't fit	doesn't fit	doesn't fit	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
Hibachi XAG/USDT-P	−0.0072%	1h	65.546	−0.037%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0009%	1h	65.490	−0.122%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.582	+0.018%	$12K	$5K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.590	+0.031%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	65.600	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	+0.031%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.525	−0.068%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.605	+0.053%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.569	−0.001%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.523	−0.071%	$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	+1.266%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.590	+0.031%	$144.2M	$181.6M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	+0.059%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	+0.076%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.022	+0.689%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.563	−0.011%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.513	−0.087%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.580	+0.015%	$152K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.566	−0.006%	$29K	$1K	5x	as long as short
Aster XAGUSDT	+0.0064%	4h	65.547	−0.036%	$2.7M	$945K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.539	−0.047%	$170.8M	$82.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.550	−0.031%	$465K	$29.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0083%	4h	65.580	+0.015%	$28.8M	$39.1M	150x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.606	+0.055%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.547	−0.035%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.550	−0.031%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.640	+0.107%	$112K	$19K	50x	as long as short
Binance XAGUSDT	+0.0114%	4h	65.537	−0.051%	$188.5M	$744.3M	100x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.570	0.000%	$112.8M	$162.5M	1000x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.158%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0120%	1h	65.571	+0.001%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.576	+0.010%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0139%	4h	65.652	+0.125%	$668K	$313K	30x	as long as short
Nado XAG-PERP	+0.0146%	1h	65.578	+0.012%	$1.2M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.183%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.256%	$389K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0204%	4h	65.580	+0.015%	$23.8M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.576	+0.009%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0207%	8h	65.570	long leg	$27.9M	$70.1M	50x
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.560	−0.015%	$66K	$368K	20x	as long as short
Bullet SILVER-USD	+0.0233%	1h	65.594	+0.036%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.585	+0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0357%	4h	65.650	+0.122%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.551	−0.028%	$914K	$735K	25x	as long as short