Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.003%

Price spread now: Bybit against RISEx+0.052%7-day average +0.024% · 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−$19as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.052%, 7d avg +0.024%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.028% dearer against RISEx than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.024%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	65.436	0.0061	pay 0.0008% / 1h	50m 06s	$1.2M	$4.9M	20x
Short	Bybit XAGUSDT	65.470	0.0039	get 0.0020% / 4h	1h 50m	$28.6M	$39.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$4.5
Price spread: +0.052% → +0.024%: $2.85
Slippage, 4 orders: −$4.86
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.51
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Bybit: live order book, 4 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	1.43 bp	4.4 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.76 bp	6.7 bp −$7	9.1 bp −$91	18.7 bp −$1,865	52.6 bp −$26.3K

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.433	−0.005%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.310	−0.192%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.045%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.470	+0.052%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.480	+0.067%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.006%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.397	−0.059%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.460	+0.037%	$142.1M	$178.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.431	−0.007%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.402	−0.052%	$5.1M	$11.6M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.473%	$11K	$94K	52x	as long as short
Bybit XAGUSDTshort	+0.0039%	4h	65.470	+0.052%	$28.6M	$39.5M	150x
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	+0.037%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.440	+0.006%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.867	+0.659%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	−0.009%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.417	−0.029%	$170.6M	$83.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.401	−0.053%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.404	−0.049%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.440	+0.006%	$2.7M	$956K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.440	+0.006%	$66K	$370K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.409	−0.041%	$29K	$1K	5x	as long as short
RISEx XAG/USDClong	+0.0061%	1h	65.436	long leg	$1.2M	$4.9M	20x
Phoenix SILVER	+0.0061%	1h	65.561	+0.191%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.415	−0.032%	$499K	$29.6M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	65.454	+0.028%	$5.4M	$11.3M	25x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.048%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0092%	4h	65.450	+0.022%	$189.5M	$758.5M	100x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.440	+0.006%	$112.9M	$156.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.077%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.024%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.052%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.429	−0.010%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.110%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	−0.029%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.101%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.500	+0.098%	$394K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0149%	1h	65.439	+0.005%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	65.450	+0.022%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	65.450	+0.022%	$27.8M	$71.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.474	+0.059%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.435	−0.001%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	+0.037%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.399	−0.056%	$917K	$744K	25x	as long as short