Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.002%

Price spread now: Binance against RISEx−0.012%7-day average +0.015% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.012%, 7d avg +0.015%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.027% cheaper against RISEx than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 6.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.297	0.0181	pay 0.0023% / 1h	29m 05s	$1.3M	$4.5M	20x
Short	Binance XAGUSDT	66.289	0.0195	get 0.0098% / 4h	1h 29m	$192.1M	$707.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $2.9
Price spread: −0.012% → +0.015%: −$2.7
Slippage, 4 orders: −$5.22
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.02
Costs to cover: 0.212%
Break-even: 57.7 days

Slippage from RISEx: live order book, 5 min ago; Binance: live order book, 15 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 RISEx live order book, 5 min ago	1.12 bp	4.1 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	10.3 bp −$1,028	23.5 bp −$11.7K

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	66.279	−0.027%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.290	−0.010%	$150.3M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.300	+0.005%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.330	+0.050%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.310	+0.020%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.240	−0.085%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.275	−0.033%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.235	−0.093%	$5.2M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.156%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.300	+0.005%	$798K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.743	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.268	−0.043%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.224	−0.110%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.170	−0.191%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.300	+0.005%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.258	−0.059%	$532K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.278	−0.028%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.243	−0.081%	$165.9M	$74.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.273	−0.036%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.260	−0.056%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.260	−0.056%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.291	−0.008%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.280	−0.025%	$2.7M	$887K	100x	as long as short
Bybit XAGUSDT	+0.0161%	4h	66.310	+0.020%	$26.8M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.306	+0.014%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0179%	4h	66.321	+0.037%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDClong	+0.0181%	1h	66.297	long leg	$1.3M	$4.5M	20x
Lighter XAG	+0.0184%	1h	66.272	−0.038%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.270	−0.040%	$1.9M	$980K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.280	−0.025%	$111.2M	$152.2M	1000x	as long as short
Binance XAGUSDTshort	+0.0195%	4h	66.289	−0.012%	$192.1M	$707.1M	100x
edgeX XAGUSDC	+0.0198%	4h	66.273	−0.036%	$672K	$315K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.270	−0.041%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.300	+0.005%	$27.7M	$65.9M	50x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.274	−0.034%	$35K	$21K	20x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.259	−0.057%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.280	−0.025%	$23.8M	$45.8M	100x	as long as short
BloFin XAG-USDT	+0.0252%	4h	66.320	+0.035%	$2.6M	$553K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.350	+0.080%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.288	−0.013%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.309	+0.019%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0349% / S −0.0369%	1h	66.315	+0.027%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.290	−0.010%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.267	−0.044%	$914K	$671K	25x	as long as short