Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.038%

Price spread now: KuCoin against Ondo Perps+0.106%7-day average +0.102% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days+0.106%+$11 · spread now +0.106%, 7d avg +0.102%

Together, before fees+0.252%+ Points / potential airdropOndo Perps: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAG-USD.P	66.040	0.0041	pay 0.0005% / 1h	2m 05s	$5.7M	$9.7M	25x
Short	KuCoin XAGUSDTM	66.110	0.0100	get 0.0050% / 4h	1h 02m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now +0.106%Rate

Funding earned: $12.43
Price spread: +0.106% → +0.102%: $0.4
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.16
Costs to cover: 0.170%
Break-even: 9.3 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 2 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	1.51 bp	7.9 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit

Ondo Perps: 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
dYdX XAG-USD	0.0000%	1h	66.087	+0.071%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.170	+0.197%	$149.9M	$165.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.170	+0.197%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	+0.182%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.197%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.078	+0.058%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.144	+0.157%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.097	+0.087%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.545%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	+0.091%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.Plong	+0.0041%	1h	66.040	long leg	$5.7M	$9.7M	25x
Vest SI-PERP	+0.0046%	1h	66.575	+0.810%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	+0.108%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.078	+0.058%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	+0.151%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.124	+0.127%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	+0.086%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.129	+0.135%	$165.4M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.090	+0.076%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.110	+0.106%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.121%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.108	+0.103%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0122%	4h	66.120	+0.121%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.137	+0.147%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.190	+0.227%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.141	+0.153%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	+0.155%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.149	+0.165%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.154	+0.173%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.160	+0.182%	$107.7M	$154.3M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.179	+0.210%	$192.3M	$704.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.212%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.185%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	+0.121%	$63K	$337K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.160	+0.182%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.170	+0.197%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.084	+0.067%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	+0.134%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.170	+0.197%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	+0.151%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.156	+0.175%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	+0.040%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0389%	1h	66.155	+0.174%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.122	+0.124%	$912K	$674K	25x	as long as short