Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex+0.695%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.695% dearer against Phemex than usual: you sell high and buy low: +$70 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.600	0	get 0.0000% / 4h	15m 48s	$1.5M	$250K	100x
Short	Vest SI-PERP	67.063	0.0046	get 0.0006% / 1h	15m 48s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.695%Rate

Funding earned: $9.59
Price spread: +0.695% → 0.000%: $69.52
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $65.11
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Phemex: live order book, 2 min ago; Vest: 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, 2 min ago	0.75 bp	15.5 bp −$15	21.2 bp −$212	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	66.560	−0.060%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.630	+0.045%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.630	+0.045%	$156.1M	$174.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.015%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.640	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.600	long leg	$1.5M	$250K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.552	−0.073%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.598	−0.004%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.555	−0.067%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.300%	$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	66.531	−0.104%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.580	−0.030%	$797K	$2.7M	40x	as long as short
Vest SI-PERPshort	+0.0046%	1h	67.063	+0.695%	—	—	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.583	−0.026%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.542	−0.087%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.105%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.577	−0.035%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.610	+0.015%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.580	−0.030%	$166.0M	$87.0M	25x	as long as short
BloFin XAG-USDT	+0.0084%	4h	66.630	+0.045%	$2.6M	$652K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.570	−0.045%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.570	−0.045%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.023%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.610	+0.015%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.625	+0.038%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.599	−0.001%	$5.2M	$10.4M	25x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.610	+0.015%	$192.8M	$725.0M	100x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.610	+0.015%	$115.2M	$153.4M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.609	+0.013%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0133%	4h	66.541	−0.088%	$675K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0152%	1h	66.591	−0.014%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0152%	4h	66.630	+0.045%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.060%	$1.9M	$852K	20x	as long as short
Aftermath Perps XAGUSD	+0.0169%	1h	66.546	−0.082%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.640	+0.060%	$392K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.610	+0.015%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.627	+0.041%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0251%	1h	66.622	+0.033%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0253%	1h	66.574	−0.039%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.582	−0.027%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.615	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.590	−0.015%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.581	−0.029%	$764K	$588K	25x	as long as short