Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.027%

Price spread now: tradeXYZ against OKX−0.039%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.039%, 7d avg −0.073%

Together, before fees+0.038%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.034% dearer against OKX than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.790	0.0189	pay 0.0189% / 8h	7h 45m	$28.2M	$67.4M	50x
Short	tradeXYZ xyz:SILVER	66.764	0.0050	get 0.0006% / 1h	45m 45s	$166.1M	$86.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$29.1
Price spread: −0.039% → −0.073%: $3.44
Slippage, 4 orders: −$2.49
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.15
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; tradeXYZ: 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	5.7 bp −$6	6.6 bp −$66	12.5 bp −$1,252	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.30 bp	9.6 bp −$10	10.0 bp −$100	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
dYdX XAG-USD	0.0000%	1h	66.743	−0.070%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.800	+0.015%	$26.1M	$35.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	66.800	+0.015%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.810	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.790	0.000%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.735	−0.082%	$121K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.800	+0.015%	$155.6M	$166.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.787	−0.004%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.742	−0.072%	$5.4M	$13.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.584%	$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
StandX XAG-USD	+0.0040%	1h	66.780	−0.015%	$804K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.241	+0.675%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.747	−0.064%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVERshort	+0.0050%	1h	66.764	−0.039%	$166.1M	$86.2M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.755	−0.052%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.739	−0.076%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.700	−0.135%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.770	−0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.747	−0.064%	$573K	$21.9M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	66.810	+0.030%	$2.6M	$692K	100x	as long as short
Lighter XAG	+0.0072%	1h	66.791	+0.002%	$5.4M	$10.4M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.796	+0.009%	$36K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0087%	8h	66.790	+0.001%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0092%	4h	66.785	−0.008%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0098%	4h	66.790	0.000%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.744	−0.068%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.760	−0.045%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.770	−0.030%	$127K	$26K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.802	+0.018%	$191.9M	$725.6M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.790	0.000%	$108.6M	$157.0M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.783	−0.011%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.841	+0.077%	$678K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	66.810	+0.030%	$397K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0135%	1h	66.748	−0.063%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.803	+0.019%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.800	+0.015%	$24.8M	$48.6M	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.776	−0.021%	$80K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0183%	1h	66.794	+0.006%	$45K	$75K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.015%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAPlong	+0.0189%	8h	66.790	long leg	$28.2M	$67.4M	50x
Hibachi XAG/USDT-P	+0.0224%	1h	66.742	−0.072%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.795	+0.007%	$104K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0349%	1h	66.790	0.000%	$51K	$344K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.761	−0.044%	$766K	$589K	25x	as long as short