Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.3% APRpaid last 24h −0.039%

Price spread now: HTX against RISEx+0.099%7-day average +0.046% · 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−$280.282% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.099%, 7d avg +0.046%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.052% dearer against RISEx than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.046%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 3 days (−0.064% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.464	0.0148	pay 0.0019% / 1h	23m 00s	$1.2M	$4.2M	20x
Short	HTX XAG-USDT	66.530	0	get 0.0000% / 4h	3h 23m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$31.17
Price spread: +0.099% → +0.046%: $5.24
Slippage, 4 orders: −$10.19
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.12
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; HTX: 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	0.59 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	4.51 bp	10.5 bp −$11	10.5 bp −$105	13.8 bp −$1,375	doesn't fit

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	66.422	−0.064%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.530	+0.099%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.114%	$155.0M	$168.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.099%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.530	+0.099%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.550	+0.129%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.450	−0.022%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.499	+0.052%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.466	+0.003%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.097%	$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
StandX XAG-USD	+0.0040%	1h	66.520	+0.084%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.114%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.682%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	+0.013%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.453	−0.017%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.446	−0.028%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.172%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.460	−0.007%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.489	+0.037%	$165.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.080%	$562K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.419	−0.068%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.519	+0.083%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.075%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.445	−0.029%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.407	−0.086%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	+0.023%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.023%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.530	+0.099%	$192.6M	$722.7M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.530	+0.099%	$108.7M	$160.3M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.497	+0.050%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.066%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.504	+0.060%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.088%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDClong	+0.0148%	1h	66.464	long leg	$1.2M	$4.2M	20x
Nado XAG-PERP	+0.0169%	1h	66.416	−0.073%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0172%	4h	66.530	+0.099%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.460	−0.007%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.530	+0.099%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.468	+0.006%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.480	+0.023%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.517	+0.079%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.525	+0.091%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.500	+0.053%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.469	+0.007%	$764K	$565K	25x	as long as short