Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0391%/8h= +42.8% APRnext payment +$0.49 per $10,000 · paid last 24h +0.078%
Price spread now: Hibachi against Ondo Perps+0.115%48s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · Hibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hibachi is 0.115% dearer against Ondo Perps than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAG-USD.P65.850−0.0047get 0.0006% / 1h42m 36s$5.7M$9.3M25x
ShortHibachi XAG/USDT-P65.9260.0344get 0.0043% / 1h42m 36s$20K$19K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Ondo Perps. 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

Funding earned
$82.15
Price spread: +0.115% → 0.000%
$11.47
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$79.63
Costs to cover
0.140%
Break-even
0.2 days
Slippage unknown: Ondo Perps: no order-book sample; Hibachi: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Hibachi no order-book sample
Ondo Perps and Hibachi: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.Plong−0.0047%1h65.850long leg$5.7M$9.3M25x
dYdX XAG-USD0.0000%1h65.934+0.127%$14K5xas long as short
Gate XAG_USDT0.0000%4h65.970+0.182%$149.5M$163.4M100xas long as short
SunX XAG-USDT0.0000%4h65.960+0.167%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.000+0.228%$1.0M$967K75xas long as short
Phemex XAGUSDT0.0000%4h65.990+0.213%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.921+0.109%$120K250xas long as short
Lighter RH XAG+0.0032%1h65.939+0.135%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h65.895+0.068%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.835%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.990+0.213%$794K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.404+0.841%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.937+0.132%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.915+0.099%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.916+0.100%$165.8M$73.6M25xas long as short
Hotstuff SILVER-PERP+0.0056%1h65.984+0.203%$35K$21K20xas long as short
QFEX SILVER-USD+0.0060%1h65.950+0.152%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0072%24h65.927+0.117%$539K$25.9M8.1xas long as short
Phoenix SILVER+0.0073%1h65.967+0.178%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.955+0.160%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.897+0.071%$469K$614K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.920+0.106%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.960+0.167%$113K$30K50xas long as short
Lighter XAG+0.0104%1h65.945+0.145%$5.2M$10.6M25xas long as short
Bybit XAGUSDT+0.0115%4h65.980+0.197%$27.4M$36.5M150xas long as short
Paradex XAG-USD-PERP+0.0120%8h65.948+0.150%$30K$1K5xas long as short
Aster XAGUSDT+0.0138%4h65.966+0.176%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0175%1h65.918+0.103%$1.4M$6.1M10xas long as short
Aevo XAG-PERP+0.0192%1h65.968+0.179%$47K10xas long as short
Variational Omni XAG+0.0195%4h66.003+0.233%$5.6M$9.4Mas long as short
BloFin XAG-USDT+0.0196%4h66.000+0.228%$2.6M$556K100xas long as short
Binance XAGUSDT+0.0203%4h65.960+0.167%$191.0M$702.5M100xas long as short
MEXC SILVER_USDT+0.0204%4h65.950+0.152%$112.8M$152.1M1000xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0205%1h65.960+0.167%$75K$363K20xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950+0.152%$1.8M$1.0M20xas long as short
edgeX XAGUSDC+0.0215%4h66.014+0.249%$670K$312K30xas long as short
Aftermath Perps XAGUSD+0.0215%1h65.967+0.178%$79K$36K10xas long as short
GRVT XAG_USDT_Perp+0.0218%4h66.022+0.261%$394K$1.5M25xas long as short
Bullet SILVER-USD+0.0234%1h65.995+0.221%$44K$76K10xas long as short
OKX XAG-USDT-SWAP+0.0234%8h65.960+0.167%$27.6M$64.7M50xas long as short
Bitget XAGUSDT+0.0244%4h65.950+0.152%$23.9M$45.2M100xas long as short
Hibachi XAG/USDT-Pshort+0.0344%1h65.926+0.115%$20K$19K10x
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.985+0.205%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0624%1h65.946+0.146%$910K$683K25xas long as short