Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.033%

Price spread now: Coinbase International against Paradex−0.210%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Coinbase International

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

Funding pays, the price is against you. Coinbase International is 0.210% cheaper against Paradex than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 17 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	65.106	0.0054	pay 0.0054% / 8h	16m 43s	$29K	$1K	5x
Short	Coinbase International SILVER-PERP-INTX	64.970	0.0096	get 0.0012% / 1h	16m 43s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.210%Rate

Funding earned: $8.88
Price spread: −0.210% → 0.000%: −$20.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.07
Costs to cover: 0.140%
Break-even: 27.6 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	0.77 bp	7.2 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit

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
Hotstuff SILVER-PERP	−0.0040%	1h	65.131	+0.038%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0030%	1h	65.020	−0.133%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.056%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.140	+0.052%	$27.7M	$39.2M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.124	+0.026%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	+0.021%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.067%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.067%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.061	−0.070%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.150	+0.067%	$140.5M	$181.3M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.126	+0.029%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.069	−0.058%	$5.0M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.987%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.120	+0.021%	$126.8M	$160.8M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.130	+0.036%	$191.3M	$757.2M	100x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.136	+0.045%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.160	+0.082%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	+0.005%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.541	+0.667%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.115	+0.014%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.093	−0.021%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.060	−0.071%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.121	+0.022%	$663K	$314K	30x	as long as short
Paradex XAG-USD-PERPlong	+0.0054%	8h	65.106	long leg	$29K	$1K	5x
Phoenix SILVER	+0.0061%	1h	65.070	−0.056%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.092	−0.022%	$173.0M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.106	−0.001%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0096%	1h	64.970	−0.210%	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.066	−0.062%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.025%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.056%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.135	+0.044%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	+0.005%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.052%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.120	+0.021%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.110	+0.005%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.120	+0.021%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.128	+0.033%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.111	+0.007%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.115	+0.013%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.143	+0.056%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	+0.044%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	−0.009%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.110	+0.005%	$65K	$395K	20x	as long as short