Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.9% APRpaid last 24h +0.030%

Price spread now: RISEx against Phemex+0.014%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.014%, 7d avg −0.030%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.044% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.170	0	get 0.0000% / 4h	1h 01m	$1.5M	$255K	100x
Short	RISEx XAG/USDC	66.179	0.0181	get 0.0023% / 1h	1m 45s	$1.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.014%Rate

Funding earned: $38.11
Price spread: +0.014% → −0.030%: $4.4
Slippage, 4 orders: −$11.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $13.22
Costs to cover: 0.293%
Break-even: 4.6 days

Slippage from Phemex: live order book, 1 min ago; RISEx: live order book, 2 min ago.

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	2.27 bp	11.2 bp −$11	18.8 bp −$188	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.42 bp	3.4 bp −$3	4.6 bp −$46	doesn't fit	doesn't fit

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	66.087	−0.125%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.134	−0.054%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.180	+0.015%	$149.9M	$165.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.170	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	−0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.170	long leg	$1.5M	$255K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.078	−0.139%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.157	−0.019%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.102	−0.103%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.348%	$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
Ondo Perps XAG-USD.P	+0.0039%	1h	66.050	−0.181%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	−0.106%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.612%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	−0.089%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.078	−0.139%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	−0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.124	−0.070%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.110%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.134	−0.054%	$165.4M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.114	−0.085%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.130	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.076%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.120	−0.076%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.164	−0.009%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.190	+0.030%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.141	−0.044%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	−0.042%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.179	+0.014%	$1.3M	$4.4M	20x
Lighter XAG	+0.0184%	1h	66.164	−0.009%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.170	0.000%	$107.7M	$154.4M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.015%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.180	+0.015%	$192.3M	$704.5M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	−0.012%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	−0.076%	$63K	$337K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.160	−0.015%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.170	0.000%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.084	−0.130%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	−0.063%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.170	0.000%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	−0.045%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.156	−0.021%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	−0.157%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0389%	1h	66.155	−0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.122	−0.073%	$912K	$674K	25x	as long as short