Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.015%

Price spread now: BloFin against RISEx−0.019%7-day average +0.008% · 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−$25as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.155%−$16 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.019%, 7d avg +0.008%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.026% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.623	0.0208	pay 0.0026% / 1h	14m 39s	$1.3M	$4.2M	20x
Short	BloFin XAG-USDT	66.610	0.0157	get 0.0079% / 4h	14m 39s	$2.6M	$652K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.73
Price spread: −0.019% → +0.008%: −$2.64
Slippage, 4 orders: −$4.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.41
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago	0.51 bp	5.0 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.75 bp	6.8 bp −$7	6.8 bp −$68	8.8 bp −$880	15.1 bp −$7,535

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	−0.094%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.670	+0.071%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.026%	$156.1M	$174.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	−0.019%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.650	+0.041%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.620	−0.004%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.541	−0.122%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.626	+0.005%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.566	−0.085%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.334%	$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	−0.137%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	−0.079%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.051	+0.643%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.577	−0.068%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.551	−0.107%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.139%	$5.7M	$10.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.579	−0.065%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.564	−0.088%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.600	−0.034%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.605	−0.026%	$166.0M	$87.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.585	−0.056%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.590	−0.049%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.600	−0.034%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	−0.011%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.635	+0.019%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.636	+0.020%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.632	+0.014%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.607	−0.024%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.630	+0.011%	$115.3M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.638	+0.024%	$191.9M	$724.2M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	66.629	+0.010%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0156%	4h	66.650	+0.041%	$24.4M	$48.2M	100x	as long as short
BloFin XAG-USDTshort	+0.0157%	4h	66.610	−0.019%	$2.6M	$652K	100x
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.026%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.553	−0.104%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.018%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.650	+0.041%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDClong	+0.0208%	1h	66.623	long leg	$1.3M	$4.2M	20x
Bullet SILVER-USD	+0.0250%	1h	66.613	−0.014%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.564	−0.088%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.564	−0.089%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.605	−0.026%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.610	−0.019%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.580	−0.064%	$764K	$588K	25x	as long as short