Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.044%

Price spread now: Aftermath Perps against Phemex−0.093%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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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. Aftermath Perps is 0.093% cheaper against Phemex than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 43 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.790	0	get 0.0000% / 4h	3h 54m	$1.5M	$251K	100x
Short	Aftermath Perps XAGUSD	66.728	0.0174	get 0.0022% / 1h	54m 14s	$80K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.093%Rate

Funding earned: $36.54
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.23
Costs to cover: 0.210%
Break-even: 5.8 days

Slippage unknown: Phemex: live order book, 4 min ago; Aftermath Perps: 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, 4 min ago	0.75 bp	33.2 bp −$33	45.5 bp −$455	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	66.742	−0.071%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.790	0.000%	$26.6M	$35.0M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.780	−0.015%	$155.7M	$164.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.780	−0.015%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.800	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.790	long leg	$1.5M	$251K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.725	−0.098%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.769	−0.031%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.722	−0.102%	$5.4M	$13.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.584%	$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
Phoenix SILVER	+0.0036%	1h	66.670	−0.180%	$57K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.750	−0.060%	$803K	$2.7M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0044%	1h	66.690	−0.150%	$5.7M	$9.8M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	67.225	+0.651%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.744	−0.069%	$166.2M	$85.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.747	−0.064%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.712	−0.117%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.770	−0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.787	−0.004%	$557K	$21.9M	8.1x	as long as short
BloFin XAG-USDT	+0.0070%	4h	66.770	−0.030%	$2.6M	$670K	100x	as long as short
Variational Omni XAG	+0.0087%	4h	66.806	+0.024%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0093%	8h	66.781	−0.014%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0096%	1h	66.781	−0.014%	$5.4M	$10.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.738	−0.077%	$482K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.750	−0.060%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.060%	$127K	$26K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.719	−0.107%	$48K	—	10x	as long as short
Aster XAGUSDT	+0.0104%	4h	66.780	−0.015%	$2.8M	$1.1M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.770	−0.030%	$116.3M	$153.9M	1000x	as long as short
edgeX XAGUSDC	+0.0106%	4h	66.731	−0.088%	$677K	$313K	30x	as long as short
Binance XAGUSDT	+0.0110%	4h	66.780	−0.015%	$192.4M	$726.4M	100x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.738	−0.078%	$1.3M	$6.6M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.786	−0.006%	$1.3M	$4.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0152%	1h	66.778	−0.018%	$36K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.780	−0.015%	$24.9M	$48.8M	100x	as long as short
Aftermath Perps XAGUSDshort	+0.0174%	1h	66.728	−0.093%	$80K	$40K	10x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.760	−0.045%	$1.9M	$956K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.789	−0.001%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0192%	8h	66.780	−0.015%	$28.2M	$67.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.746	−0.065%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.775	−0.022%	$104K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	66.830	+0.060%	$401K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0349%	1h	66.770	−0.030%	$51K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.747	−0.065%	$766K	$592K	25x	as long as short