Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.042%

Price spread now: Bitget against RISEx+0.018%7-day average +0.014% · 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−$23as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.018%, 7d avg +0.014%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	65.368	0.0030	pay 0.0004% / 1h	27m 59s	$1.3M	$4.9M	20x
Short	Bitget XAGUSDT	65.380	0.0208	get 0.0104% / 4h	2h 27m	$23.4M	$47.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: $37.41
Price spread: +0.018% → +0.014%: $0.35
Slippage, 4 orders: −$5.26
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $14.51
Costs to cover: 0.233%
Break-even: 4.3 days

Slippage from RISEx: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	1.04 bp	4.0 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.76 bp	7.2 bp −$7	9.3 bp −$93	17.2 bp −$1,716	27.3 bp −$13.7K

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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.250	−0.181%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.053%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.028%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.500	+0.201%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	+0.048%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.120%	$118K	—	250x	as long as short
RISEx XAG/USDClong	+0.0030%	1h	65.368	long leg	$1.3M	$4.9M	20x
Lighter RH XAG	+0.0032%	1h	65.396	+0.042%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.312	−0.086%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.578%	$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
Gate XAG_USDT	+0.0036%	4h	65.410	+0.064%	$143.4M	$169.4M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.675	+0.469%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.710	+0.523%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.836	+0.715%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.334	−0.053%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.128%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.390	+0.033%	$155K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.342	−0.040%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	65.347	−0.033%	$166.0M	$78.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.359	−0.014%	$530K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.380	+0.018%	$28.2M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0095%	4h	65.366	−0.004%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.066%	$465K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.340	−0.044%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	+0.354%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.399	+0.046%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.345	−0.036%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.453%	$5.6M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0143%	4h	65.382	+0.021%	$190.0M	$727.6M	100x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	65.380	+0.018%	$112.1M	$157.4M	1000x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.331	−0.058%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0157%	4h	65.780	+0.630%	$669K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.430	+0.094%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0202%	4h	65.740	+0.568%	$388K	$1.5M	25x	as long as short
Bitget XAGUSDTshort	+0.0208%	4h	65.380	+0.018%	$23.4M	$47.8M	100x
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.059%	$66K	$373K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.370	+0.002%	$27.4M	$69.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.675	+0.469%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	65.359	−0.014%	$43K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0292%	4h	65.480	+0.171%	$2.6M	$611K	100x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.497	+0.197%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.534	+0.253%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.355	−0.021%	$86K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0472%	1h	65.310	−0.090%	$913K	$750K	25x	as long as short