Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.023%

Price spread now: Binance against Phoenix+0.020%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	65.307	0.0110	pay 0.0014% / 1h	19m 05s	$55K	$13K	25x
Short	Binance XAGUSDT	65.320	0.0128	get 0.0064% / 4h	2h 19m	$192.9M	$836.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: $3.93
Price spread: +0.020% → 0.000%: $1.99
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.08
Costs to cover: 0.170%
Break-even: 26.7 days

Slippage unknown: Phoenix: no order-book sample; Binance: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.5 bp −$847	21.6 bp −$10.8K

Phoenix: 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 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.080%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.230	−0.118%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.077%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.340	+0.051%	$139.2M	$199.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.360	+0.081%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.380	+0.112%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.081%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.278	−0.045%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.332	+0.039%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.249	−0.089%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	+0.035%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.762	+0.697%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.307	0.000%	$36K	$23K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.312	+0.008%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.281	−0.040%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.312	+0.007%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.330	+0.035%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.300	−0.011%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.038%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.332	+0.038%	$637K	$36.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	−0.056%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.005%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.057%	$111K	$19K	50x	as long as short
Phoenix SILVERlong	+0.0110%	1h	65.307	long leg	$55K	$13K	25x
tradeXYZ xyz:SILVER	+0.0122%	1h	65.292	−0.023%	$174.0M	$92.9M	25x	as long as short
MEXC SILVER_USDT	+0.0128%	4h	65.320	+0.020%	$119.6M	$166.6M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.330	+0.036%	$47K	—	10x	as long as short
Binance XAGUSDTshort	+0.0128%	4h	65.320	+0.020%	$192.9M	$836.5M	100x
Aster XAGUSDT	+0.0137%	4h	65.328	+0.032%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0138%	4h	65.348	+0.063%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.304	−0.004%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.335	+0.044%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0200%	1h	65.332	+0.038%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.338	+0.047%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	+0.020%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.320	+0.020%	$27.9M	$82.2M	50x	as long as short
Bybit XAGUSDT	+0.0215%	4h	65.340	+0.051%	$30.4M	$46.7M	150x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.314	+0.010%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.320	+0.020%	$23.1M	$50.2M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.073%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.280	−0.041%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.353	+0.070%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0368%	4h	65.360	+0.081%	$2.7M	$754K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.311	+0.006%	$1.0M	$936K	25x	as long as short