Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.015%

Price spread now: edgeX against RISEx−0.088%55s7-day average −0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.206% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.088%, 7d avg −0.013%

Together, before fees+0.071%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.075% cheaper against RISEx than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 42 hours of funding at the current rate (+$4 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.144	0.0030	pay 0.0004% / 1h	48m 11s	$1.3M	$4.8M	20x
Short	edgeX XAGUSDC	66.086	0.0172	get 0.0086% / 4h	2h 48m	$671K	$311K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $29.83
Price spread: −0.088% → −0.013%: −$7.5
Slippage, 4 orders: −$5.65
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.68
Costs to cover: 0.206%
Break-even: 6.6 days

Slippage from RISEx: live order book, 6 min ago; edgeX: live order book, 66 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, 6 min ago	0.01 bp	4.1 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell edgeX live order book, 66 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$920	20.8 bp −$10.4K

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	−0.0027%	1h	66.030	−0.172%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.060%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.009%	$3K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.040%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.009%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.090	−0.081%	$121K	—	250x	as long as short
RISEx XAG/USDClong	+0.0030%	1h	66.144	long leg	$1.3M	$4.8M	20x
Lighter RH XAG	+0.0032%	1h	66.145	+0.003%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.093	−0.077%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.387%	$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	66.018	−0.190%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.009%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.160	+0.025%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.646%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	−0.050%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.092	−0.078%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	−0.021%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.112	−0.047%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0074%	1h	66.115	−0.044%	$166.7M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.109	−0.053%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDT	+0.0082%	4h	66.170	+0.040%	$27.8M	$36.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.080	−0.097%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.051%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.066%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0109%	4h	66.155	+0.016%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.149	+0.008%	$5.2M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.130	−0.021%	$2.6M	$571K	100x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	−0.001%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.148	+0.006%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0162%	4h	66.158	+0.022%	$191.4M	$702.9M	100x	as long as short
MEXC SILVER_USDT	+0.0162%	4h	66.150	+0.009%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0164%	1h	66.103	−0.061%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDCshort	+0.0172%	4h	66.086	−0.088%	$671K	$311K	30x
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.248%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	66.090	−0.082%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.021%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.025%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.150	+0.009%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.160	+0.025%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.151	+0.011%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	66.129	−0.022%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.100	−0.066%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.017%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.120	−0.035%	$909K	$688K	25x	as long as short