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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.053%
Price spread now: OKX against Ondo Perps+0.230%7-day average +0.159% · 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 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.151%−$15 · spread now +0.230%, 7d avg +0.159%
Together, before fees−0.061%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.071% dearer against Ondo Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.159%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAG-USD.P65.190−0.0057get 0.0007% / 1h49m 34s$5.6M$9.6M25x
ShortOKX XAG-USDT-SWAP65.3400.0176get 0.0176% / 8h49m 34s$28.1M$70.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$48.79
Price spread: +0.230% → +0.159%
$7.12
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
$40.92
Costs to cover
0.150%
Break-even
1.1 days
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 min ago. 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 OKX live order book, 4 min ago0.76 bp5.8 bp −$66.3 bp −$6311.3 bp −$1,12755.5 bp −$27.8K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.Plong−0.0057%1h65.190long leg$5.6M$9.6M25x
dYdX XAG-USD0.0000%1h65.287+0.149%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.330+0.215%$27.7M$39.6M150xas long as short
SunX XAG-USDT0.0000%4h65.320+0.199%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.360+0.261%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.360+0.261%$1.5M$281K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.261+0.110%$118K250xas long as short
Variational Omni XAG+0.0016%4h65.312+0.188%$5.5M$9.1Mas long as short
Gate XAG_USDT+0.0030%4h65.380+0.291%$141.3M$176.8M100xas long as short
Aster XAGUSDT+0.0030%4h65.317+0.194%$2.7M$951K100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAG+0.0032%1h65.314+0.191%$4.6M$9.7M25xas long as short
Extended XAG-USD+0.0032%1h65.303+0.174%$5.1M$11.6M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.856%$11K$94K52xas long as short
MEXC SILVER_USDT+0.0040%4h65.320+0.199%$117.4M$157.0M1000xas long as short
StandX XAG-USD+0.0040%1h65.310+0.184%$786K$2.9M40xas long as short
Binance XAGUSDT+0.0041%4h65.320+0.199%$191.6M$761.2M100xas long as short
QFEX SILVER-USD+0.0044%1h65.300+0.169%$152K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.734+0.834%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.288+0.150%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.281+0.140%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0053%8h65.342+0.233%$29K$1K5xas long as short
Aevo XAG-PERP+0.0056%1h65.307+0.179%$47K10xas long as short
edgeX XAGUSDC+0.0057%4h65.317+0.195%$665K$313K30xas long as short
Phoenix SILVER+0.0061%1h65.287+0.149%$56K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0077%1h65.332+0.218%$169.7M$81.6M25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.293+0.158%$477K$31.8M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.360+0.261%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.289+0.151%$469K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.330+0.215%$25.3M$5.0M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.260+0.107%$112K$19K50xas long as short
RISEx XAG/USDC+0.0118%1h65.321+0.201%$1.2M$4.9M20xas long as short
GRVT XAG_USDT_Perp+0.0134%4h65.317+0.194%$384K$1.6M25xas long as short
Lighter XAG+0.0160%1h65.343+0.235%$5.3M$11.1M25xas long as short
Bitget XAGUSDT+0.0166%4h65.310+0.184%$23.7M$45.4M100xas long as short
BloFin XAG-USDT+0.0166%4h65.330+0.215%$2.7M$582K100xas long as short
Nado XAG-PERP+0.0166%1h65.272+0.126%$1.2M$4.8M10xas long as short
Hibachi XAG/USDT-P+0.0168%1h65.287+0.149%$20K$17K10xas long as short
OKX XAG-USDT-SWAPshort+0.0176%8h65.340+0.230%$28.1M$70.6M50x
Hotstuff SILVER-PERP+0.0192%1h65.332+0.218%$35K$21K20xas long as short
Aftermath Perps XAGUSD+0.0209%1h65.303+0.173%$78K$37K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0209%1h65.320+0.199%$65K$387K20xas long as short
Bullet SILVER-USD+0.0225%1h65.326+0.209%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.325+0.207%$93K111xas long as short
Kraken Futures PF_XAGUSD+0.0363%1h65.294+0.160%$1.0M$872K25xas long as short