Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.014%

Price spread now: Lighter against Paradex−0.015%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Paradex XAG-USD-PERP	66.186	0.0090	pay 0.0090% / 8h	1h 47m	$30K	$1K	5x
Short	Lighter XAG	66.177	0.0032	get 0.0004% / 1h	47m 29s	$5.2M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$12.24
Price spread: −0.015% → 0.000%: −$1.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.73
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: 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 Lighter live order book, 6 min ago	0.23 bp	0.6 bp −$1	1.8 bp −$18	7.5 bp −$749	21.8 bp −$10.9K

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 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.168	−0.028%	$777K	$591K	25x	as long as short
Hotstuff SILVER-PERP	−0.0072%	1h	66.161	−0.038%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.098%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.036%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.209	+0.034%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.005%	$146.4M	$171.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.005%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.220	+0.051%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.036%	$1.5M	$247K	100x	as long as short
Bitget XAGUSDT	+0.0002%	4h	66.220	+0.051%	$23.7M	$48.6M	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.084%	$120K	—	10x	as long as short
Aster XAGUSDT	+0.0005%	4h	66.200	+0.020%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	+0.034%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	+0.005%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	+0.005%	$5.4M	$10.7M	—	as long as short
Lighter XAGshort	+0.0032%	1h	66.177	−0.015%	$5.2M	$10.7M	25x
Lighter RH XAG	+0.0032%	1h	66.174	−0.018%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.147	−0.059%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.323%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	+0.021%	$116.6M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	−0.040%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	66.209	+0.034%	$189.3M	$760.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.640	+0.685%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.160	−0.040%	$164.0M	$91.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.176	−0.016%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.131	−0.084%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.100%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.149	−0.056%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.188	+0.002%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	+0.007%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	−0.010%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.058%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0075%	1h	66.151	−0.054%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERPlong	+0.0090%	8h	66.186	long leg	$30K	$1K	5x
Pacifica XAG	+0.0100%	1h	66.152	−0.052%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.025%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.055%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.010%	$1.9M	$886K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.210	+0.036%	$27.2M	$67.5M	50x	as long as short
Nado XAG-PERP	+0.0150%	1h	66.151	−0.054%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.213	+0.041%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.195	+0.013%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0808%	1h	66.210	+0.036%	$60K	$357K	20x	as long as short