Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.010%

Price spread now: MEXC against Paradex+0.003%7-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 MEXC

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

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	66.138	0.0152	pay 0.0152% / 8h	4h 38m	$30K	$1K	5x
Short	MEXC SILVER_USDT	66.140	0.0214	get 0.0107% / 4h	38m 29s	$109.1M	$152.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.003%Rate

Funding earned: $13.08
Price spread: +0.003% → 0.000%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.34
Costs to cover: 0.040%
Break-even: 2.0 days

Slippage unknown: Paradex: no order-book sample; MEXC: 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 MEXC live order book, 6 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.8 bp −$1,403

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
dYdX XAG-USD	0.0000%	1h	66.085	−0.081%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.150	+0.018%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	+0.003%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	+0.033%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.018%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.059	−0.119%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.122	−0.025%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.072	−0.101%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.396%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.018%	$796K	$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
Vest SI-PERP	+0.0046%	1h	66.581	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.127	−0.017%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.053	−0.129%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.164%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.150	+0.018%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.074	−0.097%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.110	−0.043%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.098	−0.061%	$509K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.078	−0.091%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.043%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.028%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	66.109	−0.044%	$165.5M	$73.8M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.153	+0.022%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.145	+0.010%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0151%	4h	66.180	+0.063%	$27.0M	$36.1M	150x	as long as short
Paradex XAG-USD-PERPlong	+0.0152%	8h	66.138	long leg	$30K	$1K	5x
Nado XAG-PERP	+0.0189%	1h	66.088	−0.077%	$1.3M	$6.5M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.136	−0.003%	$47K	—	10x	as long as short
Lighter XAG	+0.0200%	1h	66.136	−0.003%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.013%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0202%	4h	66.133	−0.008%	$5.6M	$9.7M	—	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.130	−0.013%	$2.6M	$554K	100x	as long as short
MEXC SILVER_USDTshort	+0.0214%	4h	66.140	+0.003%	$109.1M	$152.4M	1000x
Binance XAGUSDT	+0.0217%	4h	66.160	+0.033%	$192.9M	$701.1M	100x	as long as short
edgeX XAGUSDC	+0.0226%	4h	66.170	+0.048%	$671K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0230%	8h	66.160	+0.033%	$27.7M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0231%	1h	66.101	−0.056%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.160	+0.033%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.144	+0.009%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0314%	1h	66.145	+0.010%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	66.080	−0.088%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.110	−0.043%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0373% / S −0.0406%	1h	66.135	−0.005%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.105	−0.050%	$912K	$676K	25x	as long as short