Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.034%

Price spread now: Aevo against Phemex−0.039%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.039% cheaper against Phemex than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.490	0	get 0.0000% / 4h	2h 42m	$1.5M	$250K	100x
Short	Aevo XAG-PERP	66.464	0.0136	get 0.0017% / 1h	42m 16s	$48K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.039%Rate

Funding earned: $28.56
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3.34
Costs to cover: 0.280%
Break-even: 7.8 days

Slippage unknown: Phemex: live order book, 1 min ago; Aevo: no order-book sample. 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 Phemex live order book, 1 min ago	3.01 bp	10.5 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0032%	1h	66.421	−0.104%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.101%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.470	−0.030%	$154.5M	$161.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	−0.045%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.490	long leg	$1.5M	$250K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.412	−0.117%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.460	−0.045%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.405	−0.128%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.135%	$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	66.560	+0.105%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.644%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.479	−0.017%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.427	−0.095%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.400	−0.135%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.196%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.450	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.426	−0.096%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0061%	4h	66.500	+0.015%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.468	−0.033%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.438	−0.078%	$165.9M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.402	−0.132%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.075%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	0.000%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.120%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.469	−0.032%	$2.8M	$991K	100x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	66.448	−0.063%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0124%	4h	66.565	+0.112%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERPshort	+0.0136%	1h	66.464	−0.039%	$48K	—	10x
edgeX XAGUSDC	+0.0140%	4h	66.523	+0.049%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.480	−0.015%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	66.485	−0.008%	$192.9M	$707.9M	100x	as long as short
Lighter XAG	+0.0160%	1h	66.481	−0.014%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.045%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.480	−0.015%	$28.0M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.470	−0.030%	$24.4M	$45.9M	100x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.412	−0.118%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.479	−0.017%	$80K	$38K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.151%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.479	−0.016%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.493	+0.004%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.450	−0.060%	$50K	$324K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.429	−0.091%	$766K	$491K	25x	as long as short