Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.014%

Price spread now: Binance against Paradex+0.060%48s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.060% dearer against Paradex than usual: you sell high and buy low: +$6 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	66.030	0.0057	pay 0.0057% / 8h	3h 22m	$30K	$1K	5x
Short	Binance XAGUSDT	66.070	0.0187	get 0.0093% / 4h	3h 22m	$191.2M	$701.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $27.28
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: $19.31
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 6 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.6 bp −$860	20.0 bp −$9,991

Paradex: 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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.920	−0.167%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.063%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.045%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.045%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.060%	$1.5M	$320K	100x	as long as short
Gate XAG_USDT	+0.0002%	4h	66.090	+0.091%	$150.0M	$163.8M	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.002	−0.043%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.050	+0.029%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.011	−0.030%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.560%	$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	66.020	−0.015%	$794K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.471	+0.668%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.018%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	−0.043%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	66.026	−0.006%	$166.5M	$73.8M	25x	as long as short
Paradex XAG-USD-PERPlong	+0.0057%	8h	66.030	long leg	$30K	$1K	5x
QFEX SILVER-USD	+0.0060%	1h	66.030	0.000%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.102%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	−0.037%	$517K	$26.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.992	−0.058%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.054	+0.035%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.988	−0.064%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.015%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.076%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.052	+0.034%	$5.2M	$10.7M	25x	as long as short
Aster XAGUSDT	+0.0130%	4h	66.070	+0.060%	$2.7M	$866K	100x	as long as short
Bybit XAGUSDT	+0.0132%	4h	66.090	+0.091%	$27.8M	$36.6M	150x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	+0.015%	$2.6M	$563K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	66.011	−0.029%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.040	+0.015%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.026%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.060	+0.045%	$114.7M	$152.6M	1000x	as long as short
Binance XAGUSDTshort	+0.0187%	4h	66.070	+0.060%	$191.2M	$701.7M	100x
Aftermath Perps XAGUSD	+0.0192%	1h	65.982	−0.073%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.024%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	+0.030%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.006%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.121%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.070	+0.060%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.059	+0.043%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.070	+0.060%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.091%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	+0.053%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	−0.010%	$911K	$683K	25x	as long as short