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Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.022%
Price spread now: Phemex against Paradex+0.057%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Phemex
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 pays, funding is against you. Phemex is 0.057% dearer against Paradex than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XAG-USD-PERP65.3530.0055pay 0.0055% / 8h1h 25m$29K$1K5x
ShortPhemex XAGUSDT65.3900get 0.0000% / 4h1h 25m$1.5M$280K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
−$11.62
Price spread: +0.057% → 0.000%
$5.72
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$21.9
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 3 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 Paradex no order-book sample—————
Sell Phemex live order book, 3 min ago0.76 bp14.3 bp −$1422.0 bp −$220doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi XAG/USDT-P−0.0184%1h65.320−0.050%$20K$19K10xas long as short
Ondo Perps XAG-USD.P−0.0088%1h65.240−0.172%$5.6M$9.8M25xas long as short
Hotstuff SILVER-PERP−0.0040%1h65.327−0.039%$35K$21K20xas long as short
dYdX XAG-USD0.0000%1h65.295−0.088%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.370+0.027%$27.8M$39.9M150xas long as short
SunX XAG-USDT0.0000%4h65.390+0.057%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h65.410+0.088%$1.1M$1.1M75xas long as short
Phemex XAGUSDTshort0.0000%4h65.390+0.057%$1.5M$280K100x
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.320−0.051%$118K—250xas long as short
Gate XAG_USDT+0.0026%4h65.370+0.027%$141.0M$182.5M100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAG+0.0032%1h65.360+0.011%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.308−0.069%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.603%$11K$94K52xas long as short
Variational Omni XAG+0.0035%4h65.364+0.017%$5.5M$9.4M—as long as short
Aster XAGUSDT+0.0040%4h65.340−0.019%$2.7M$975K100xas long as short
StandX XAG-USD+0.0040%1h65.360+0.011%$786K$2.9M40xas long as short
Vest SI-PERP+0.0046%1h65.784+0.660%——25xas long as short
QFEX SILVER-USD+0.0050%1h65.350−0.004%$152K$2.8M20xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.319−0.051%$170.3M$83.7M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.328−0.038%$3.8M$718K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.308−0.068%$3K$6K20xas long as short
Paradex XAG-USD-PERPlong+0.0055%8h65.353long leg$29K$1K5x
Binance XAGUSDT+0.0061%4h65.364+0.017%$190.9M$763.7M100xas long as short
RISEx XAG/USDC+0.0061%1h65.384+0.048%$1.2M$4.9M20xas long as short
Phoenix SILVER+0.0061%1h65.347−0.009%$56K$31K25xas long as short
MEXC SILVER_USDT+0.0062%4h65.350−0.004%$115.9M$157.4M1000xas long as short
edgeX XAGUSDC+0.0066%4h65.342−0.017%$665K$312K30xas long as short
Aevo XAG-PERP+0.0072%1h65.360+0.011%$47K—10xas long as short
Kalshi KXSILVERPERP+0.0077%24h65.334−0.028%$517K$31.0M8.1xas long as short
Pacifica XAG+0.0100%1h65.308−0.069%$467K$624K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.330−0.035%$25.3M$5.0M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.290−0.096%$112K$19K50xas long as short
GRVT XAG_USDT_Perp+0.0116%4h65.363+0.016%$385K$1.6M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0120%1h65.320−0.050%$1.6M$1.4M20xas long as short
Nado XAG-PERP+0.0130%1h65.317−0.054%$1.2M$5.4M10xas long as short
Lighter XAG+0.0144%1h65.366+0.020%$5.4M$11.4M25xas long as short
Bitget XAGUSDT+0.0176%4h65.360+0.011%$23.8M$46.3M100xas long as short
Bullet SILVER-USD+0.0179%1h65.374+0.032%$44K$76K10xas long as short
OKX XAG-USDT-SWAP+0.0183%8h65.370+0.027%$28.0M$70.7M50xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0209%1h65.350−0.004%$65K$379K20xas long as short
Aftermath Perps XAGUSD+0.0221%1h65.346−0.010%$79K$37K10xas long as short
BloFin XAG-USDT+0.0242%4h65.340−0.019%$2.6M$611K100xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0273% / S −0.0241%1h65.365+0.019%$93K—111xas long as short
Kraken Futures PF_XAGUSD+0.0493%1h65.335−0.027%$915K$746K25xas long as short